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2021-08-31-accounts

Parent-Infant Foundation Ltd

Annual report and financial statements For the year ended 31 August 2021

Parent-Infant Foundation Office 7, 35-37 Ludgate Hill London EC4M 7JN t. 020 3475 8984

e. admin@parentinfantfoundation.org.uk

w. parentinfantfoundation.org.uk

Parent-Infant Foundation, a company limited by guarantee, company no. 8191666 Registered charity England and Wales (1152082)

Parent-Infant Foundation

Contents page

For the year ended 31 August 2021

Parent-Infant Foundation

Reference and administrative information

For the year ended 31 August 2021

Company number England and Wales : 08191666

Charity number England and Wales: 1152082

Registered office: Office 7, 35-37 Ludgate Hill, London, EC4M 7JN

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Name Role Adrian Datta Trustee Shreena Ghumra Treasurer Tim Loughton MP Chair resigned 14 January 2021 Tia McPhee Trustee Dr Camilla Rosan Vice chair Jane Turner Trustee Nicholas Wilkie Chair appointed 19 October 2020 Claire Wright Trustee

Company secretary

Rachael Gibbons

Senior staff

Beckie Lang, Chief Executive (to February 2021) Keith Reed, Chief Executive (from June 2021) Sally Hogg, Head of Policy and Communications Karen Bateson, Head of Clinical Strategy and Development Rachael Gibbons, Head of Operations

Bankers CAF Bank Ltd, 25 Kings Hill Avenue, West Maling, Kent, ME19 4JQ

The Co-operative Bank, Business Direct, Skelmersdale, WN8 6WT

Independent examiners Godfrey Wilson Limited, Chartered accountants and statutory auditors, 5th Floor, Mariner House, 62 Prince Street, Bristol, BS1 4QD

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

The impact of our partnership work with Parent-Infant teams on families

“I do think without the care I probably would have called the health visitor and said, “You need to take me away because I’m either going to continue to harm myself and it’s going to progressively get worse and then I’m going to harm my baby.”

“I don’t think I’d be here. I’m not going lie. She’s literally been a lifesaver.”

“I was having suicidal thoughts …I don’t know if I’d still be here for my daughter without their help unfortunately. I think that’s how bad it was because I was so bad. I didn’t want to pick up my daughter, you know, I would let her cry.”

“I think if I’m brutally honest I probably would have asked to be admitted.”

Quotes from mums who used the new Together with Baby Parent-Infant team set up in Essex, Thurrock and Southend in 2020-21 with support from the Parent-Infant Foundation.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

An insight into the challenge society faces

According to NICE, 80% of children who suffer maltreatment are classified as having disorganised attachment.

There are currently only 39 specialist parent-infant teams across the whole of the UK directly supporting 3,900** families and babies struggling to build a supportive, secure and nurturing parent-infant relationship.

  • 0-4 years

** A historic estimate based on data collected from 25% of teams

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Introduction from our chair of trustees

As the consequences of the pandemic became ever more apparent, for the Parent-Infant Teams and families the Parent-Infant Foundation serves, 2020-2021 was a year of extraordinary challenge. To take just one illustration of these challenging times, notifiable serious incidents involving death or serious harm to a child where abuse or neglect was known or suspected increased by nearly 20% in 2020. Throughout, the 39 parent-infant teams around the UK worked hard to meet the needs of the families they serve. They were assisted in doing this by our staff and the teams’ network, sharing ideas and insight into how to support families practically and safely, whether this was done remotely or in real life.

It is especially satisfying to report that, even during this time, three new teams were set up. All received support from the Foundation. Alongside this, two teams published academic evaluations showing the value of their work. This builds upon existing evidence showing the potential of teams in reducing parental mental health challenges, strengthening nurturing parent-infant relationships, and, where relevant, de-escalating child protection concerns.

Meanwhile, our campaign team, who lead the First 1001 Days Movement, kept these challenges firmly in the public eye. We ran the biggest infant mental health awareness week yet and, as always, working with our friends and allies across the sector, secured long term commitments to policy change around the UK. This included the publication of the Best Start for Life – A Vision for the 1001 critical days led by Dame Andrea Leadsom MP.

Looking into our organisation has also never been more important, in particular supporting our committed staff team. Some were furloughed because of childcare pressures, others needed to reduce their hours, but all worked harder than ever. This report sets out what we achieved this year - with the equivalent of 4.6 full time members of staff. We were also buoyed by support from volunteers and funders including the longstanding support of the Ana Leaf Foundation for which we are most grateful.

During the year, we said goodbye to our chief executive Beckie Lang who led the Foundation through a critical stage in our evolution and our chair Tim Loughton MP, and we are extremely grateful for their stellar contributions. Justin Irwin provided superb interim leadership and in June we were delighted to welcome Keith Reed as our new chief executive.

So now we’re determined to do more, driven by the needs of babies and their families who need our support. We look ahead grateful for what has been achieved, open to the challenges and more committed than ever to our mission and fulfilling our full potential to support families at the critical time of life.

Nick Wilkie Chair of Trustees

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Our vision and mission

Our vision is that all babies have a sensitive, nurturing relationship to lay the foundation for lifelong mental and physical health.

Our mission is to support the growth and quality of specialised parent-infant relationship teams in the UK.

Why we do it: Most babies receive the benefit of a secure, nurturing relationship, but at least 15% of babies do not. This is because parents, or carers, find it difficult to identify, or positively respond to the needs of their babies. Often this can be due to factors including mental ill-health, substance abuse, domestic violence, unresolved trauma, or a combination. These are the babies we worry about the most. The lack of emotional connection and interaction from a supportive and nurturing adult impacts babies’ emotional, and social development – their ‘mental health’. In its most severe forms, a parentinfant relationship difficulty can manifest as neglect, or abuse. Any degree of parent-infant relationship difficulty can undermine a child’s ability to succeed in education, employment, social relationships and cognitive development, and place a child more at risk of contact with the criminal justice system.

How we do it: We are the only national charity proactively supporting the growth and quality of specialised parent-infant relationship teams across the UK. This stems from our experience of directly funding six pioneering teams from 2013 to set up new or expand their existing services. The teams are multidisciplinary with expertise in parent-infant relationships. They undertake skilled one to one therapy-based work with families struggling to form a secure relationship with their baby. They focus both on the needs of parents and carers, the individual babies, and the relationship between them. They also undertake group work, and drive system change through training, supervision and consultation with other services and influencing local strategy and policies.

Since 2013, the six pioneering teams first supported by the Parent-Infant Foundation have:

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Our strategy and the focus of our work

Following discussions with existing parent-infant teams, trustees and staff, we launched our five-year strategy in October 2019. Based on the learning from parent-infant teams around the UK, including the six pioneering teams, and through working with statutory, academic, professional bodies, charitable funders and third sector partners, our priorities are to:

  1. Improve the availability of specialised teams across the UK;

  2. Improve the quality of parent-infant teams;

  3. Build the evidence of the clinical and economic benefits of parent-infant teams;

  4. Achieve policy change; and

  5. Build a strong, effective and sustainable organisation.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

What we do

  1. The Parent-Infant foundation campaigns to create an environment where governments recognise the importance of investing in services for all babies and families.

  2. This campaigning helps to motivate local public bodies to update and improve their provision.

  3. We are experienced in supporting specialised parent-infant relationship teams to support babies and families including those who are struggling the most.

  4. We work with local commissioners to support them to set up teams and integrate them into local systems.

  5. We collect evidence to show how important specialised parent-infant relationship teams are and to identify where further improvements can be made.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Our achievements and performance

2020-2021 was the second year of our strategy and we made the following progress:

1. Improving the availability of parent-infant teams

In summer 2019, we identified and had contacted 29 teams across the UK. 24 months later, there are 39 teams in full operation and another 17 ‘emerging’ teams at varying stages of development. We supported and stimulated this growth in the following ways.

2. Improving the quality of parent-infant teams

Parts of our work to improve the quality of teams were delayed due to the pandemic as teams worked out how best to reach families online. However, we:

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

3. Building the evidence of parent-infant teams

We have been involved in the following research projects including:

4. Achieving policy change

During the year we:

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

5. Sustaining and strengthening our organisation

Our sincere thanks to all our funders and partners for their support during a challenging period. Thanks to them we delivered a strong financial performance with income generation across contracts (earned income) and fundraising from trust and foundations, and cost savings helping us to keep reserves within our policy.

We would particularly like to thank:

We have continued to invest in our organisational development and sustainability, with fundraising and funding diversification remaining a key priority.

Our people

Our mostly part-time team has grown from a FTE of 4 to a FTE of 4.6. We have had several vacant posts during the year due to recruitment delays and the utilisation of the Government’s Job Retention Scheme to part time or fully furlough some roles. We are especially grateful to the NSPCC for seconding one of their Policy Officers to us for 1 day per week to help us continue our campaigning work. This year we have welcomed four new staff to the team and supported three temporary members of staff and three interns. We bid goodbye to our longstanding chair who completed their term of office, and our chief executive who took their next career step. And welcomed their replacements who are both experienced in running charities supporting families and joined to lead the Foundation’s next phase of development.

Operationally, we have made good progress in supporting and strengthening the mechanisms for looking after our people. This year has seen staff move to new more supportive employment contracts, offering them permanent contracts wherever possible. We have brought our working week in line with the sector to 37.5 hours instead of 40 hours, to support our staff to take breaks. This year also saw us make greater strides in the team utilising training and development opportunities and developing a culture of learning, and there is more to do on this. In response to the Covid pandemic we put in place a new policy to offer paid sick leave across the team. We also implemented equitable policies to ensure staff were supported at this challenging time, including utilising the Job Retention Scheme, and other leave and flexible options for those who remained working. And lastly, our financial position meant we were able to offer all of our team inflationary increases at year end.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Our structures

This financial year has seen significant changes in our financial management. Our organisation has transitioned from a paper-based bookkeeping to professional online software and electronic records. This has made our financial operations significantly more efficient, transparent and secure.

At the same time the complexity of our bookkeeping increased as we moved from having held two restricted funds to holding and managing seven restricted funds as well as securing four new income earning contracts. To support this transition, we put in place a chart of accounts, approvals process and a revised expenditure authority policy. We also strengthened our internal practices by assigning budget holders across the senior leadership team and working together through the year on budget reports and reallocations. This enabled our organisation to have improved financial oversight and management through the year. Our financial governance was further strengthened as we closed the year by appointing Godfrey Wilson as our accountants and independent examiners.

We invested in our IT structures this year and completed a migration to 365 and provided encrypted laptops to all team members.

Public benefit

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Plans for the year ahead

Our operational objectives for the year ahead are:

Distance still to travel – in England, Scotland, Wales and Northern Ireland

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

An insight into how our campaigning with partners changes national policies

“The evidence is compelling that the first 1,001 days of a child’s life are the most important. .. We are responding today with £300 million for a start for life offer for families; high-quality parenting programmes; tailored services to help with perinatal mental health; ..funding to create a network of family hubs around the country too…To help up to 300,000 more families facing multiple needs, we are investing an extra £200 million in the supporting families programme..

The Rt Hon Rishi Sunak MP, Chancellor of the Exchequer, Budget statement, 27 October 2021

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Governance, management and organisational structure

Trustee recruitment and induction

Our Board of Trustees, who are also Directors of the Charity for the purposes of the Companies Act, have overall responsibility for setting the strategy of the Foundation. Our Chief Executive, working with the Senior Leadership Team is responsible for delivering the Board’s vision and strategy and for its day-to-day operations.

When seeking to fill vacancies on the board, the trustees identify the particular skills and expertise needed to cover the work of the board and prioritise these during the recruitment process. Given the nature of our work, trustees with experience of parent-infant therapy/research are well represented (currently three trustees). To increase the diversity of the board’s membership we advertise widely for new trustees, and ensure, throughout the recruitment process, that all applicants from a wide variety of backgrounds have an opportunity to succeed. A panel of trustees interview prospective trustees and new appointments are ratified by the full Board of Trustees.

Trustees serve for an initial term of three years and, with the approval of the board, may serve a second period of three years. They must then retire unless the board decides that the interests of the Foundation require a further, exceptional extension to their term of office. Inductions and training for trustees is by practice and informal mentorship from other trustees, one-to-one and group sessions with management, and formal training as required.

Contribution of volunteers

The Foundation wishes to acknowledge and thank the volunteers at the Parent-Infant Foundation for their hard work and dedication to our charity. All of our trustees are volunteers.

Relationship with other parties

The Parent-Infant Foundation acts as an umbrella organisation supporting any parent-infant relationship team around the UK, however they are funded or where they are situated. The definition of what constitutes a parent-infant team can be found on our website. Throughout 2020-21 our engagement with local teams increased and by the end of the year we were actively engaged with 39 teams, over 100 staff within teams plus trustees (where teams are charities), and local commissioners/funders.

In our role as co-ordinator for the First 1001 Days Movement we are actively working with and supporting nearly 200 organisations.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Financial review

The Parent-Infant Foundation considers itself to be financially stable. Total income for 2020-21 was £380,284 and total expenditure was £341,160, details of which are set out in the accounts that follow. We continue to diversify funding to reduce the risk to the charity and to support our future stability and sustainability.

This year saw a small reduction of our income from £395,550 to £380,284 which was largely due to the reduction of funds needed to deliver our activities as we continued to operate in a pandemic and have reduced travel and in person meetings and event costs. Restricted income reduced from £132,856 to £125,844 but the number of projects more than doubled. We also utilised £46,153 of brought forward restricted funds to complete several programmes.

This year saw the Parent-Infant Foundation make significant progress in raising funds from our charitable activities, mostly through consultancy work and we saw that funding source grow from £6,173 the previous year to £46,895 and we expect continued growth.

Total expenditure was £341,160, of this we utilised £28,748 (8%) to raise further funds and the rest, £312,412 (92%) was spent supporting our charitable activities.

At the end of the year, we had £234,191 of net assets. £68,226 of these funds are restricted funds that will be carried forward for expenditure in 2021-22. As of 1 September 2021, these brought forward funds comprise of £4,827 AIM Foundation, £13,539 Cattanach, £35,000 Charles Gordon Foundation and £14,860 Esmée Fairbairn Foundation. £165,965 of these net assets are unrestricted funds and make up our unrestricted reserves at year end.

Reserves policy

The Parent-Infant Foundation needs reserves to provide security to our operations. The Foundation does not provide direct services to families with parent-infant relationship difficulties and so winding up would not impact directly on vulnerable people. However, an abrupt ceasing of our operations would impact indirectly on parents and their babies with relationship difficulties and work to improve services. The Parent-Infant Foundation is heavily reliant on grant income. Our reserves policy is therefore designed to cover shortfalls in income and periods when income does not reach expected levels or to some in the event of reduced income (e.g., grant not coming through or being delayed), and to take account of potential risks and contingencies that may arise from time to time, such as unplanned closure. In addition, reserves can be used to periodically allocate additional funds designated to meet essential future spending, such as funding a project that could not be met from future income or for re-scaling up of activity after the Covid 19 crisis.

The trustees have agreed a reserves policy of up to six months of annual operating costs whilst taking into account the needs to mitigate income and expenditure risk, winding up costs, working capital and strategic development. The Foundation has £165,965 of unrestricted net assets at year-end which is in line with our reserves policy.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Risk management

Responsibility for risk management lies with trustees. A risk register has been established and is reviewed at each board meeting, with controls in place to manage minimal risks that occur. The trustees consider that no material risks have emerged. Due to the increasing ambition of the new strategy, we continue to put in place a stronger and more robust governance methodology based on training delivered by the Foundation for Social Improvement (FSI).

Statement of responsibilities of the trustees

The trustees (who are also directors of Parent-Infant Foundation Ltd for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 group, and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity, and those within one year of stepping down, guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 August 2021 was seven. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. All out-of-pocket expenses claimed by trustees are set out in note 6 to the accounts.

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Parent-Infant Foundation

Report of the trustees

For the year ended 31 August 2021

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Independent examiners

Godfrey Wilson Ltd were appointed as the charitable company’s independent examiners during the year and have expressed their willingness to act in that capacity.

Approved by trustees on 25 January 2022 and signed on their behalf by

Nick Wilkie

Nick Wilkie Chair of Trustees

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Independent examiner's report

To the trustees of

Parent-Infant Foundation Ltd

I report to the trustees on my examination of the accounts of Parent-Infant Foundation Ltd (the charitable company) for the year ended 31 August 2021, which are set out on pages 18 to 29.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company 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 charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’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 (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides bookkeeping and payroll services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

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

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

Alison Godfrey

Date: 26 January 2022 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol, BS1 4QD

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Parent-Infant Foundation Ltd

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 August 2021

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
124,844
208,529
Charitable activities
1,000
45,895
Investments
-
16
Total income
125,844
254,440
Expenditure on:
Raising funds
-
28,748
Charitable activities
110,856
201,556
Total expenditure
5
110,856
230,304
Net income
14,988
24,136
Transfers between funds
7,085
(7,085)
Net movement in funds
6
22,073
17,051
Reconciliation of funds:
Total funds brought forward
46,153
148,914
Total funds carried forward
68,226
165,965		 2021
Total
£
333,373
46,895
16
380,284
28,748
312,412
341,160
39,124
-
39,124
195,067
234,191		 Restated
2020
Total
£
389,156
6,173
221
395,550
66,652
263,818
330,470
65,080
-
65,080
129,987
195,067

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 13 to the accounts.

The 2020 comparatives have been restated in line with the Charities SORP (FRS 102). The restatements are purely reclassifications of income and expenditure and do not affect net income.

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Parent-Infant Foundation Ltd

Balance sheet

As at 31 August 2021

Note
Fixed assets
Intangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
11
Net current assets
Net assets
12
Funds
13
Restricted funds
Unrestricted funds
Total charity funds		 £
20,578
228,203
248,781
(14,590)		 2021
£
-
234,191
234,191
68,226
165,965
234,191		 2020
£
-
660
200,400
201,060
(5,993)
195,067
195,067
46,153
148,914
195,067

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 25 January 2022 and signed on their behalf by

Nick Wilkie

Nick Wilkie - Chair

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Parent-Infant Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Contract income received in advance of service delivery is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:

2021 2020
Raising funds 6.0% 6.0%
Charitable activities 94.0% 94.0%

i) Intangible fixed assets

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs

33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

2. Prior period comparative: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds		 Restricted
£
£
132,856
256,300
-
6,173
-
221
132,856
262,694
-
66,652
86,703
177,115
86,703
243,767
46,153
18,927
Unrestricted		 2020
Total
£
389,156
6,173
221
395,550
66,652
263,818
330,470
65,080

22

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

3. Income from donations and legacies

Grants > £10k
Ana Leaf Foundation
Esmee Fairbairn Foundation
Cattanach Foundation
Charles Gordon Foundation
AIM Foundation
Grants < £10k
Donations
Total income from donations and legacies
Prior period comparative
Grants > £10k
Ana Leaf Foundation
National Lottery Community Fund
Cattanach Foundation
Grants < £10k
Donations
Total income from donations and legacies		 Restricted
£
£
-
150,000
14,860
40,000
50,000
-
35,000
-
24,984
-
-
6,976
-
11,553
124,844
208,529
Restricted
£
£
-
236,150
90,290
-
42,566
-
-
2,500
-
17,650
132,856
256,300
Unrestricted
Unrestricted		 2021
Total
£
150,000
54,860
50,000
35,000
24,984
6,976
11,553
333,373
2020
Total
£
236,150
90,290
42,566
2,500
17,650
389,156

4. Government grants

The charitable company receives government grants, defined as funding from the National Lottery Community Fund and the Coronavirus Job Retention Scheme to fund charitable activities. The total value of such grants in the period ending 31 August 2021 was £6,976 (2020: £90,290). There are no unfulfilled conditions or contingencies attaching to these grants in 2020/21.

23

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

5. Total expenditure

Total expenditure
Staff costs (note 7)
Recruitment and training
Communications
Evaluation
Consultancy
Travel
Office costs
Insurance
Accountancy
Sub-total
Allocation of support and
governance costs
Total expenditure		 Raising funds
£
21,548
-
-
-
-
-
257
-
-
21,805
6,943
28,748		 Charitable
activities
£
152,936
-
14,776
11,794
21,935
576
1,621
-
-
203,638
108,774
312,412		 Support and
governance
costs
£
81,546
15,067
-
-
1,788
309
12,826
1,263
2,918
115,717
(115,717)
-		 2021 Total
£
256,030
15,067
14,776
11,794
23,723
885
14,704
1,263
2,918
341,160
-
341,160

Total governance costs were £2,763 (2020: £4,770).

Prior period comparative
Staff costs (note 7)
Recruitment and training
Communications
Evaluation
Consultancy
Clinical implementation
Policy work
Travel
Office costs
Insurance
Accountancy
Amortisation
Sub-total
Allocation of support and
governance costs
Total expenditure		 Raising funds
£
31,082
-
-
-
31,765
-
-
-
-
-
-
-
62,847
3,805
66,652		 Charitable
activities
£
127,412
2,569
14,411
25,362
16,278
4,426
10,341
2,849
564
-
-
-
204,212
59,606
263,818		 Support and
governance
costs
£
39,309
2,878
-
-
4,120
-
-
-
13,710
1,052
840
1,502
63,411
(63,411)
-		 Restated
2020 Total
£
197,803
5,447
14,411
25,362
52,163
4,426
10,341
2,849
14,274
1,052
840
1,502
330,470
-
330,470

24

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

6. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (including VAT)		 2021
£
Nil
28
1,500		 2020
£
Nil
87
840

During the year 1 trustee (2020: 1) was reimbursed for travel expenses.

7. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2021
£
206,180
13,918
6,433
29,499
256,030		 2020
£
167,922
12,130
5,827
11,924
197,803

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer, and Senior Management Team. The total employee benefits of the key management personnel were £137,551 (2020: £130,963).

Average head count
FTE equivalent		 2021
No.
8
5		 2020
No.
7
4

8. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

25

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

9. Intangible fixed assets
Development
costs
£
Cost
At 1 September 2020 18,409
Disposals (18,409)
At 31 August 2021 -
Amortisation
At 1 September 2020 18,409
On disposals (18,409)
At 31 August 2021 -
Net book value
At 31 August 2021 -
At 31 August 2020 -

Intangible fixed assets relates to the development of a data portal which has now been decommissioned.

10. Debtors

10. Debtors
Trade debtors
Prepayments
Other debtors
11. Creditors: amounts due within 1 year
Accruals
Other taxation and social security
Other creditors		 2021
£
1,380
490
18,708
20,578
2021
£
7,617
5,458
1,515
14,590		 2020
£
-
660
-
660
2020
£
4,960
-
1,033
5,993

26

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

12. Analysis of net assets between funds

Analysis of net assets between funds
Current assets
Current liabilities
Net assets at 31 August 2021
Prior period comparative
Current assets
Current liabilities
Net assets at 31 August 2020		 £
68,226
-
68,226
£
46,153
-
46,153
Restricted
funds
Restricted
funds		 £
180,555
(14,590)
165,965
£
154,907
(5,993)
148,914
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
248,781
(14,590)
234,191
Total
funds
£
201,060
(5,993)
195,067

27

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

13. Movements in funds

Restricted funds
National Lottery: Essex
NHS Trust: Essex
Cattanach: Scotland
Cattanach: Covid
AIM Foundation
Charles Gordon: Scotland
Esmee Fairbairn Foundation
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
September
2020
£
26,292
-
6,361
13,500
-
-
-
46,153
148,914
148,914
195,067		 Income
£
-
1,000
50,000
-
24,984
35,000
14,860
125,844
254,440
254,440
380,284		 £
(29,488)
(1,000)
(46,711)
(13,500)
(20,157)
-
-
(110,856)
(230,304)
(230,304)
(341,160)
Expenditure		 £
3,196
-
3,889
-
-
-
-
7,085
(7,085)
(7,085)
-
Transfers
between
funds		 £
-
-
13,539
-
4,827
35,000
14,860
At 31
August
2021
68,226
165,965
165,965
234,191

Purposes of restricted funds

National Lottery: Essex

To support and evaluate the implementation of a new parent-infant relationship service.

NHS Trust: Essex

Funding received for the production of a short film in relation to the above project.

Cattanach: Scotland

To develop Parent-Infant relationship provision in Scotland.

Cattanach: Covid

For the collection of evidence on what happened to infants and very young children during and in the aftermath of the pandemic.

AIM Foundation

To grow and strengthen the First 1,001 Days Movement and campaign for changes to national policy.

Charles Gordon: Scotland

To support the development of specialised parent-infant teams across Scotland.

Esmee Fairbairn Foundation To gain insights about the understanding of, and attitudes towards, infant mental health in the centre of government.

Transfers between funds

Transfers into restricted funds relate to furlough income received for staff salaries funded by restricted income.

28

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 August 2021

13. Movements in funds (continued)

Prior period comparative
Restricted funds
National Lottery: Essex
Cattanach: Scotland
Cattanach: Covid
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
September
2019
£
-
-
-
-
129,987
129,987
129,987		 Income
£
90,290
27,566
15,000
132,856
262,694
262,694
395,550		 £
(63,998)
(21,205)
(1,500)
(86,703)
(243,767)
(243,767)
(330,470)
Expenditure		 £
-
-
-
-
-
-
-
Transfers
between
funds		 £
26,292
6,361
13,500
At 31
August
2020
46,153
148,914
148,914
195,067

14. Related party transactions

There were no related party transactions in the current or prior year.

29