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2022-03-31-accounts

Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Annual report and financial statements

For the year ended 31 March 2022

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Contents

Reference and administrative information 3
Introduction from our Chair of Trustees 4
Our vision and mission 5
Our achievements and performance 7
Governance, management, and organisational structure 11
Independent examiner’s report 15
Statement of financial activities 16
(incorporating an income and expenditure account)
Balance sheet 17
Statement of Cashflows 17
Notes to the Financial Statements 18

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)

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Reference and administrative information

Company number (England and Wales): 08191666

Charity number (England and Wales): 1152082

Registered office and operational address: 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:

Nicola Cosgrave Vice-Chair, appointed 25 January 2022 Adrian Datta Shreena Ghumra Treasurer Tia McPhee Dr Camilla Rosan Vice-Chair, resigned 25 January 2022 Jane Turner Nicholas Wilkie Chair Claire Wright Company secretary Keith Reed Appointed 22 March 2022 Rachael Gibbons Resigned 22 March 2022 Senior staff Keith Reed Chief Executive Sally Hogg Deputy Chief Executive Karen Bateson Head of Clinical Strategy and Development, to 31 March 2022 Rachael Gibbons Head of Operations, to 22 March 2022

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 Annual Report for the year ended 31 March 2022

Introduction from our Chair of Trustees

This is a shorter report than usual, covering seven months not twelve as we changed our financial year to better align our reporting period with our natural cycle of business.

Even so, my fellow trustees and I are pleased to be able to report clear progress.

An additional three teams were set up this year, bringing the total across the UK to 42. The Foundation provided support to each and is continuing to work with emerging teams too.

Nonetheless, the challenges imposed by the pandemic were still very much with us in 202122. Throughout this tough time, specialised parent-infant relationship teams across the UK continued to support the most vulnerable babies in the UK by working directly with them and their families to improve their relationship and to educate other professionals on the importance of early relationships.

Highlights of our work across the UK during this period include:

through our policy and campaigning work. This includes our ‘No one wants to see my baby’ report into the impact of pandemic restrictions on babies, which has positioned us as a thought leader on this topic.

Leading the First 1001 Days Movement, we worked with friends and allies across the sector and in Parliament to push the Government to make a commitment to supporting the Best Start for Life Vision financially in the Autumn statement. The Government listened, announcing funds for Family Hubs and specifically for infant mental health.

I would especially like to thank all our partners and funders for enabling these successes. We move on into this new year with as great a commitment as ever to support those babies and their families who need us the most. We will continue to lead the First 1001 Days Movement to champion their cause, engaging with the Scottish Government’s Mental Health Consultation to ensure they are including infants and working with local authorities to secure investment in specialised parent-infant relationship teams as the UK Government’s Start for Life programme rolls out in 75 areas of the country.

Nick Wilkie

Nick Wilkie Chair of Trustees

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Our vision and mission

The board of trustees presents its report and its financial statements for the period ended 31 March 2022. Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with current statutory requirements, the trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Vision

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 parentinfant relationship teams in the UK.

Why we do it

How 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 parent- infant 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.

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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Our strategy and the focus of our work

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

Supported an estimated 5,000 families – most commonly suffering from perinatal illness, severe life stress such as bereavement or birth trauma, or a history of abuse in adult or childhood;

Provided thousands of associated professionals with parent-infant relationship training, consultation and supervision;

Collected data showing reductions in anxiety, and depression in parents and an improvement in parent-infant relationships; and

De-escalated concerns about a child on a child protection plan in 50% of relevant children (where data is available).

Following discussions with existing parentinfant 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:

Improve the availability of specialised teams across the UK;

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

Achieve policy change; and

Build a strong, effective and sustainable organisation.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Our achievements and performance

The period from September 2021 to March 2022 marked the beginning of the third year of our strategy. We made the following progress:

Improving the availability of parent-infant teams

As of September 2021, there were 39 specialised parent-infant relationship teams in full operation with another 17 ‘emerging’ teams at varying stages of development. By the end of March 2022, there were 42 specialised parent-infant relationship teams and another 27, small Parent-Infant services or emerging teams in our Network. We supported and stimulated this growth in the following ways:

Improving the quality of parent-infant teams

Our work to improve the quality of parentinfant teams has been impacted by the pandemic. Much of our engagement has been online, however, we held our first in person Parent-Infant Teams Network meeting since the pandemic began in April. We:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Building the evidence of parent-infant teams

We have been involved in the following research projects including:

Achieving policy change

Between September 2021 and March 2022, we:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Sustaining and strengthening our organisation

We launched an enhanced package of support, alongside our existing free support, which specialised parent-infant relationship teams can buy into. This will enable us to provide a greater service to parent-infant teams and will also raise revenue to support the 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:

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)’.

Our people

Our mostly part-time team has gone from an FTE of 5 (2020-2021) to an FTE of 6 (2021-2022, 7 months). We have had several vacant posts during the year due to recruitment delays. We said farewell to Karen Bateson, our Head of Clinical Strategy and Development and Rachael Gibbons, our Head of Operations. Both had made considerable efforts to improve the work of the Foundation and we are grateful for their significant contributions.

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

Between September 2021 and the end of March 2022, we welcomed 2 new members of staff to the team on fixed term contracts. One is a maternity cover for our Communications and Marketing Manager and the other will lead our work in Scotland. This role is fixed term due to funding restrictions. Both bring a deep level of knowledge and experience to the team.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Plans for the year ahead

Our operational objectives for the year ahead are:

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

Our work to date has helped many families in need. We estimate that 3600 families are currently being supported by specialist parentinfant relationship teams in England. We know that there is still a hill to climb to reach other families who need specialist support. But it is now Government policy across the UK to improve parent-infant services in the years ahead. We are actively working to ensure this historic opportunity is maximised.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

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. 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 parentinfant relationship teams 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. From September 2021 until the end of March 2022, our engagement with local teams increased and by the end of the year we were actively engaged with 42 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, and have engaged with politicians, policymakers, and other key stakeholders.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Financial review

The Parent-Infant Foundation considers itself to be financially stable. Total income for 7 months from September 2021 to March 2022 was £302,629 and total expenditure was £273,850, 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 £380,284 to £302,629 which was largely due to the change in our accounting end of year, and these being short accounts (7 months). Restricted income for the 7 months was £64,679 (2020-2021: £125,844). We also utilised £68,226 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 go from £46,895 the previous full year to £39,965 over just 7 months and we expect continued growth.

Total expenditure was £273,850, of this we utilised £37,288 (13.6%) to raise further funds and the rest, £236,562 (86.4%) was spent supporting our charitable activities.

At the end of the 7 months, we had £262,970 of net assets. £64,155 of these funds are restricted funds that will be brought forward for expenditure in 2022-23. As of 1st April 2022, these brought forward funds comprise of £21,905 AIM Foundation, £19,908 Cattanach, and £22,342 Charles Gordon Foundation. £198,815 of these net assets are unrestricted funds and make up our unrestricted reserves at year end.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

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).

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 pandemic.

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 £198,815 of unrestricted net assets at year- end which is in line with our reserves policy.

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 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:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

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 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-ofpocket expenses claimed by trustees are set out in note 7 to the accounts.

Independent examiners

Godfrey Wilson Ltd were re-appointed as the charitable company’s independent examiners during the period from September 2021 to the end of March 2022 and have expressed their willingness to act in that capacity.

Approved by the trustees on 18 October 2022 and signed on their behalf by:

Nick Wilkie

Nick Wilkie Chair of Trustees

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Independent examiner’s report

I report to the trustees on my examination of the accounts of Parent-Infant Foundation Ltd (the charitable company) for the period ended 31 March 2022, which are set out on pages 16 to 27.

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.

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:

  1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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).

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 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: 19 October 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 Annual Report for the year ended 31 March 2022

Statement of financial activities including income and expenditure for the year ended 31 March 2022

Statement of financial activities including income and
expenditure for the year ended 31 March 2022		 Statement of financial activities including income and
expenditure for the year ended 31 March 2022
7 months
12 months
to 31 March
to 31 August
Restricted
Unrestricted
2022
2021
funds
funds
Total
Total
Note
£
£
£
£
Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
and net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 3
64,679
197,985
262,664
333,373
4
–
39,965
39,965
46,895
–
–
–
16
64,679
237,950
302,629
380,284
–
37,288
37,288
28,748
68,750
167,812
236,562
312,412
6
68,750
205,100
273,850
341,160
(4,071)
32,850
28,779
39,124
68,226
165,965
234,191
195,067
64,155
198,815
262,970
234,191

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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Balance sheet for the year ended 31 March 2022

(Registered Company No: 08191666)

Balance sheet for the year ended 31 March 2022
(Registered Company No: 08191666)		 Balance sheet for the year ended 31 March 2022
(Registered Company No: 08191666)
31 March
31 August
2022
2021
Note
£
£
£
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: amounts falling
due within 1 year
Net current assets
Net assets
Funds
Restricted funds
Unrestricted funds
Total charity funds		 10
4,095
20,578
268,324
228,203
272,419
248,781
11
(9,449)
(14,590)
262,970
234,191
12
262,970
234,191
13
64,155
68,226
198,815
165,965
262,970
234,191

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 18 October 2022 and signed on their behalf by:

Nick Wilkie

Nick Wilkie – Chair of Trustees

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

Notes to the Financial Statements

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. 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.

e. Interest receivable

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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

1. Accounting policies (continued)

f. 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.

g. 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:


following basis:
2022 2021
Raising funds 8.0% 6.0%
Charitable activities 92.0% 94.0%

h. 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.

i. 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.

j. 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.

k. 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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

1. Accounting policies (continued)

l. 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.

m. 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

12 months
to 31 August
Restricted
Unrestricted
2021 total
£
£
£
Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds		 124,844
208,529
333,373
1,000
45,895
46,895
–
16
16
125,844
254,440
380,284
–
28,748
28,748
110,856
201,556
312,412
110,856
230,304
341,160
14,988
24,136
39,124
7,085
(7,085)
–
22,073
17,051
39,124

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

3. Income from donations and legacies

7 months
to 31 March
Restricted
Unrestricted
2022 total
£
£
£
Grants > £10k
Ana Leaf Foundation
Esmee Fairbairn Foundation
Cattanach Foundation
AIM Foundation
Donations
Total income from donations and legacies
 –
150,000
150,000
–
40,000
40,000
31,680
3,320
35,000
32,999
–
32,999
–
4,665
4,665
64,679
197,985
262,664
Prior period comparative 12 months
to 31 August
Restricted
Unrestricted
2021 total
£
£
£
Grants > £10k
Ana Leaf Foundation
Esmee Fairbairn Foundation
Cattanach Foundation
Charles Gordon Foundation
AIM Foundation
Grants < £10k
Donations
Total income from donations and legacies		 –
150,000
150,000
14,860
40,000
54,860
50,000
–
50,000
35,000
–
35,000
24,984
–
24,984
–
6,976
6,976
–
11,553
11,553
124,844
208,529
333,373

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

4. Income from charitable activities

4. Income from charitable activities
7 months
to 31 March
Restricted
Unrestricted
2022 total
£
£
£
Contracts
Speaker fees
Prior period comparative		 –
39,615
39,615
–
350
350
–
39,965
39,965
12 months
to 31 August
Restricted
Unrestricted
2021 total
£
£
£
Contracts 1,000
45,895
46,895

5. Government grants

In the prior year, the charitable company received 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 March 2022 is nil (2021: £6,976). There are no unfulfilled conditions or contingencies attaching to these grants in 2021/22.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2022

6. Total expenditure

6 Total exenditure
. p Support and
7 months
Raising
Charitable
governance
to 31 March
funds
activities
costs
2022 total
£
£
£
£
Staff costs (note 8)
Recruitment and training
Communications
Evaluation
Consultancy
Travel
Office costs
Insurance
Accountancy
Sub–total
Allocation of support and
governance costs
Total expenditure		 16,104
96,697
61,832
174,633
–
–
6,363
6,363
–
4,784
–
4,784
–
12,318
–
12,318
13,500
19,758
3,125
36,383
–
153
3,447
3,600
–
18,871
10,223
29,094
–
–
1,428
1,428
–
–
5,247
5,247
29,604
152,581
91,665
273,850
7,684
83,981
(91,665)
–
37,288
236,562
–
273,850

Total governance costs were £3,347 (2021: £2,763).

Prior period comparative Support and
12 months
Raising
Charitable
governance
to 31 August
funds
activities
costs
2021 total
£
£
£
£
Staff costs (note 8)
Recruitment and training
Communications
Evaluation
Consultancy
Travel
Office costs
Insurance
Accountancy
Sub–total
Allocation of support and
governance costs
Total expenditure		 21,548
152,936
81,546
256,030
–
–
15,067
15,067
–
14,776
–
14,776
–
11,794
–
11,794
–
21,935
1,788
23,723
–
576
309
885
257
1,621
12,826
14,704
–
–
1,263
1,263
–
–
2,918
2,918
21,805
203,638
115,717
341,160
6,943
108,774
(115,717)
–
28,748
312,412
–
341,160

23

Parent-Infant Foundation Annual Report for the year ended 31 March 2022

7. Net movement in funds

7. Net movement in funds
This is stated after charging: 7 months
12 months
to 31 March
to 31 August
2022
2021
£
£
Trustees’ remuneration
Trustees’ reimbursed expenses
Independent examiners’ remuneration:
• Independent examination (including VAT)		 Nil
Nil
100
28
1,920
1,500

During the year 1 trustee was reimbursed for subsistence expenses (2021: 1 trustee for travel expenses).

8. Staff costs and numbers

8. Staff costs and numbers
Staff costs were as follows: 7 months
12 months
to 31 March
to 31 August
2022
2021
£
£
Salaries and wages
Social security costs
Pension costs
Freelance staff		 159,517
206,180
9,603
13,918
5,513
6,433
–
29,499
174,633
256,030

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 £109,593 (2021: £137,551).

7 months
12 months
to 31 March
to 31 August
2022
2021
No.
No.
Average head count
FTE equivalent		 10
8
6
5

24

Parent-Infant Foundation Annual Report for the year ended 31 March 2022

9. Taxation

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

10. Debtors

10. Debtors
At 31 March
At 31 August
2022
2021
£
£
Trade debtors
Prepayments
Other debtors
 3,220
1,380
–
490
875
18,708
4,095
20,578

11. Creditors: amounts due within 1 year

11. Creditors: amounts due within 1 year
At 31 March
At 31 August
2022
2021
£
£
Trade creditors
Accruals
Other taxation and social security
Other creditors		 1,061
–
6,464
7,617
40
5,458
1,884
1,515
9,449
14,590

12. Analysis of net assets between funds

12. Analysis of net assets between funds 12. Analysis of net assets between funds
Restricted
Unrestricted
Total funds
funds £
funds £
£
Current assets
Current liabilities
Net assets at 31 March 2022		 64,155
208,264
272,419
–
(9,449)
(9,449)
64,155
198,815
262,970

25

Parent-Infant Foundation Annual Report for the year ended 31 March 2022 Pare t-Infant Foundation Annual Report for the y ar nded 31 March 022

12. Analysis of net assets between funds (continued)

12. Analysis of net assets between funds (continued) 12. Analysis of net assets between funds (continued)
Restricted
Unrestricted
Total funds
Prior period comparative
funds £
funds £
£
Current assets
Current liabilities

Net assets at 31 August 2021
 68,226
180,555
248,781
–
(14,590)
(14,590)
68,226
165,965
234,191

13. Movements in funds

13. Movements in funds 13. Movements in funds
At 1
Transfers
At 31
September
between
March
2021
Income
Expenditure
funds
2022
£
£
£
£
£
Restricted funds
Cattanach: Scotland
AIM Foundation
Charles Gordon: Scotland
Esmee Fairbairn Foundation
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 13,539
31,680
(25,311)
–
19,908
4,827
32,999
(15,921)
–
21,905
35,000
–
(12,658)
–
22,342
14,860
–
(14,860)
–
–
68,226
64,679
(68,750)
–
64,155
165,965
237,950
(205,100)
–
198,815
165,965
237,950
(205,100)
–
198,815
234,191
302,629
(273,850)
–
262,970

Purposes of restricted funds

Cattanach: Scotland AIM Foundation

Charles Gordon: Scotland

Esmee Fairbairn Foundation

To develop Parent-Infant relationship provision in Scotland.

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

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

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

26

Parent-Infant Foundation Annual Report for the year ended 31 March 2022

13. Movements in funds (continued)

Transfers between funds

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

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

14. Related party transactions

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

27

Parent-Infant Foundation Annual Report for the year ended 31 March 2022

www.parentinfantfoundation.org.uk

@ParentInfantFdn @First1001days

Registered Charity 1152082, Company Limited by Guarantee registered in England and Wales No. 08191666.

28