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2023-03-31-accounts

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Annual report and financial statements

For the year ended 31 March 2023

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Contents

Reference and administrative information 3
Introduction from our Chair of Trustees 4
Our vision and strategy 6
Our achievements and performance 8
Governance, management, and organisational structure 16
Independent examiner’s report 20
Statement of financial activities 21
(incorporating an income and expenditure account)
Balance sheet 22
Statement of Cashflows 22
Notes to the Financial Statements 23

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 2023

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 Adrian Datta resigned 16 May 2023 Shreena Ghumra Treasurer, resigned 14 June 2022 Tia McPhee Amanda Sharpe Treasurer, appointed 12 July 2022 Jane Turner Nicholas Wilkie Chair Claire Wright

Company secretary

Keith Reed

Senior staff

Keith Reed Chief Executive Tamora Langley Head of Policy and Communications Wook Hamilton Head of Development Ben Yeo National Clinical Advisor

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 2023

Introduction from our Chair of Trustees

My fellow trustees and I are very pleased to present this report, which focuses on a year of continuing growth in scale and impact.

This report is a culmination of key moments across the year. It really demonstrates how the work of the Parent-Infant Foundation is positively impacting the professionals and specialised parent-infant relationship teams it supports, and crucially, helping to achieve positive changes for babies and families.

Just a few of the highlights of the year include:

Positive external evaluation of our

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

to deliver. We have also been asked to sit on their mental health advisory group.

Some of the results of this influence and impact is that as the financial year started, there were 42 specialised parent-infant relationship teams across the UK, and the trustees and I are delighted to report that we finished the year with 45 teams supporting babies, families and professionals locally, as well as 14 more teams in development.

Aside from these successes, externally we are seeing positive policy changes across Governments in the UK, with a growing understanding of the importance of investing in the earliest years of life. We will work hard for this to continue because it will drive the expansion of more new specialised services in the new financial year.

Internally, there were several staff changes, one of which was the departure of Sally Hogg as Deputy Chief Executive/ Head of Policy and Communications. We would like to thank Sally for her contributions to the work of the Foundation. Sally added her incredible passion for babies and the importance of early relationships to everything she did at the Foundation, and this really showed in the many excellent achievements during her time here and whilst leading the First 1001 Days Movement.

Whilst the year saw staff turnover, it concluded with a new staff team with considerable strengths, equipped with a variety of skills and backgrounds to draw upon. We can also celebrate a positive financial performance, stronger relationships with existing funders, well evaluated support for teams and professionals, growth in teams and a new strategic plan with broader aims being adopted.

As always, we owe huge thanks to all our longstanding funders and partners, including Ana Leaf Foundation for providing the core funding which enables us to sustain the organisation, have ambition, successfully grow, and make an impact. Thanks also to the specialised parentinfant relationship teams doing the important work on the ground, and of course the staff team for their passion and commitment to all the work the Foundation does.

As we go into a new year, the charity is in a healthy financial position with a strong executive leadership team. We also have a board of trustees united in championing the cause and trying to deliver as much as possible to help the thousands of these babies, and their families, who really need extra specialist support. As the Chair, I am hugely excited about adopting our new vision and strategy and what we can achieve in the coming 12 months and beyond.

Nick Wilkie

Nick Wilkie Chair of Trustees

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Our vision and strategy

In 2022 we undertook a thorough review of our five-year strategy, which was in its fourth year. The review led to an evolution of our strategy, including an updated vision and wider reaching aims which we will fulfil through three inter-connected means: Expertise, Evidence, and Influence.

On completion of the review, our updated Vision is of a UK in which all parents and carers are supported to create sensitive, nurturing relationships with their babies to lay the foundation for lifelong mental and physical health.

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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 therapybased 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 2023

Our strategy and the focus of our work

We agreed our new strategy in May 2023 and as part of this our updated aims are to:

We will fulfil our aims through three inter-connected means, facilitating:

Expertise Providing information, advice, and guidance;

Evidence

Contributing to knowledge and understanding of impact and effectiveness; and

Influence

Winning support from decision makers and opinion-formers.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Our achievements and performance

The period from April 2022 to March 2023 was a challenging and successful year, with continued growth. We made the following progress against our new aims:

Support the quality and practice of existing specialist parent-infant relationship teams across the UK

Our work to improve the quality of parent-infant teams has been in full force this year after being impacted by the pandemic in the previous two years.

The feedback from events has been positive with over 95% of respondents confirming that attendance at a learning event has improved their understanding of how to develop their service, and 60% noting there were actions they planned to take because of what they heard.

“It gave me lots of ideas to help us think about how we get our referrals up. It was really helpful to hear from other services about what they are doing.”

“Really helpful – as always – to learn from more established teams, and teams generally around the country. Pick up ideas, ways of conceptualising what we do, learn about good practice, etc.”

“Information about clinical measures (was most helpful and I will)... consider with team whether we should use MORS as well as the other core measures that we have been using.”

“I learnt additional questions that I might ask of myself and the parents and children that I work with in regarding race and racism. Also, I liked how the impact of safeguarding was used positively to think about setting up a ‘village’ and how the professional system was involved.”

“(It helped me) consider: How we are situated and how we situate ourselves in relation to social care; and how to make our service available to women who feel they haven’t had a mother figure or who are in prison.”

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Saw continued growth in the Parent-Infant Teams Network, with 71 new registrations. The Network is the only national network of specialised parent-infant relationship teams, providing mutual support, connection and the sharing of resources. Every member of the network benefits from regular newsletters and access to all our free events, which in turn helps us support teams, raise awareness and influence policy makers. There are now over 300 members. Network members were asked what it meant to them to be a network member after a live event and said:

“We left feeling so inspired and connected to the network. It is so important that we do not lose our specialism and focus on the parent and baby with all the Perinatal agendas.”

Grow the number of specialised parent-infant relationship teams across the UK

As of March 2023, there were 45 specialised parent-infant relationship teams in full operation with another 14 ‘emerging’ teams at varying stages of development. This was more than the set target of 42. New teams this year include Blackpool, Lanarkshire, Lothian, Nottingham, Sheffield, Cornwall and Worcester. All of these had ongoing development support from the Foundation.

We have an additional 24 parent-infant services registered in the Network of specialist work with babies and families. We offer ongoing implementation support to seven of these areas to develop their specialist parent-infant support offer. The estimated number of families supported by specialised teams during the year rose from 5,850

to 6,750. This means 900 more vulnerable babies, often described by the professionals working with them as living in fear and terror, received expert help and support. We supported and stimulated this growth in several ways:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

“Through the dedicated intensive support from the Development Lead at the Parent-Infant Foundation, the teams were able to make sense of and efficiently move forward with service development.”

“The resources the Parent-Infant Foundation provides, particularly their toolkit, are useful, easily accessible, detailed, and valuable.”

“The Foundation’s value in supporting IMH service development in Scotland is based on its broad experience in IMH and IMH service development in the UK, bringing“ a level of expertise and tools that [Health Boards] wouldn’t have access to otherwise.”

From feedback rating the toolkit so far, 100% said it was useful or very useful. We heard what commissioners needed to be more able to agree to fund new services and created a resource to support this.

Launched our Associates Scheme for securing additional development capacity. We successfully recruited five associates and seven implementation contracts with 11 different local authority areas set up. The impact this is having for the professionals supported by the Foundation is evident from feedback:

“We valued the opportunity to have a shared headspace with someone who has the insight and expertise in parent-infant relationships and service development to seek clarity and confirmation we are on the right path, making the right decisions.”

“The changes we have made (to our services)… have been in line … with the vision from the Parent Infant foundation, … the range of support and understanding of different levels of need has been a major change (to what we previously provided), i.e. peer support, universal group activities, targeted support and specialist services.”

“Thanks to the support received, we’re in the process of developing a perinatal Mental Health and parent-infant team.”

“As a result of support we have set up a working group to lead on this work, undertaken a mapping exercise and presented a case for change to Early Years Board.”

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

“I’m not developing a team but I find the toolkit incredibly helpful for a wide range of my clinical work with parents and babies.”

“Example referral and consultation forms for setting up a service, we have looked at others in other areas to create our own.”

“We will be using the self-assessment tool to assess readiness for service development and where we are at this present moment in time. We will also promote its use across the region.”

“Fantastic in relation to thinking about outcome measures and has sharpened our focus on what will be helpful.”

“(I used it) To look up which outcome measures I could use.”

“I have used it to create a power point to share understanding of Parent Infant Relationship teams as we begin our journey of setting up a team.”

Other important policy updates that will influence growing the number of teams include:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Work with parent-infant relationship specialists in other services (such as safeguarding, midwives, specialist perinatal and infant mental health visitors, social care and perinatal mental health) to help them support babies’ relationships with their primary care givers

This aim is a new inclusion to our updated strategy and will be fully included into our strategic aims and plans for the year ahead and reported on in the new financial year (2023-2024).

Make the case for investment in babies’ emotional wellbeing – working in close partnership with and convening friends and allies across the First 1001 Days Movement

Making the case for babies is always core to our different projects and we are making great gains. In this last reporting year we have:

As part of F1001D we have:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

The findings of our research ‘Understanding and attitudes about early social and emotional development in the centre of government’ into the pros and cons of using the terms infants, parent-infant relationships and infant mental health continues to be used by a range of charities.

As a result of the findings, First 1001 days reports highlight the challenges faced by babies, families and early years professionals and present the challenges as even more important and urgent. However, there is still work to be done to ensure a widely understood and compelling narrative for investment in these services. This will feature in our updated operational plan.

As a charity we work with all the main political parties to ensure existing and future governments are aware of the importance of this work regardless of the political composition. And with a general election expected by 2025, this activity has increased this year. We have engaged with the Shadow children’s minister Helen Hayes MP and arranged a successful visit to her local parent-infant relationship team in Lambeth.

The impact of our campaigns and partnership work is also being seen in the language being used. We noticed positive changes during the 2023 Party Conference season where it was common for ‘babies, children and young people’ to be mentioned, an improvement and proof that babies are ‘moving up the agenda’.

Raise public awareness of the critical, life-long importance of early relationships

Increasing public awareness is an important part of our wider work. Some key moments include:

As a first of its kind, the Impact of Teams report pulls together current research and evidence and highlights that more specialised support is crucial for the mental health and wellbeing of babies and their families across the UK. The research and evidence show that parent-infant teams consistently help babies and their caregivers across three key domains:

It has led to several discussions with government officials on how new parent-infant relationship services could be created and what they would achieve.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Develop our organisation for maximum impact

Our sincere thanks to all our funders and partners for their support during this year. 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.

As always, we are grateful to Ana Leaf Foundation for their continued support and core funding. Thanks to our new funders The Dulverton Trust and Souter Foundation.

We would also particularly like to thank:

Our people

Due to staffing changes at the end of the last year (to March 2022), getting our team back up to full capacity has been a priority and a challenge. We started this year with our mostly part-time team at a FTE of 3.65. We then said farewell to two more team members, including Sally Hogg, our Deputy Chief Executive/Head of Policy and Communications.

These changes resulted in an update of the staff structure, new staff recruited, and adjustments made within the existing team. We ended the year with 7 FTE staff and a strong, passionate and much more settled team. The team has considerable expertise from a variety of backgrounds including big charities, local government, Royal Colleges and corporate institutions. We are delighted to welcome Tamora Langley into the team as Head of Policy and Communications. Tamora is an award-winning campaigner and joined us from the Royal College of Surgeons.

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

We are ending the year in a positive position. Diversifying our income through our enhanced package of support to teams has been one part of this and the offer has been taken up by 11 areas with a number of others being worked on by associates.

We hope to see this grow further in the forthcoming financial year.

The core team has also been complemented by the addition of a national clinical advisor, Ben Yeo. Ben is a child and adolescent psychoanalytic Psychotherapist who joins us alongside his position at Lambeth LEAP. We have also recruited a team of four experienced clinical leads from parent-infant teams to provide paid consultancy support to local areas.

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)’.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

Plans for the year ahead

After successfully undertaking a strategic review since the end of the financial year 2022, we are now focusing on the new strategy, updated vision and aims. We have set strategic priorities on a three-year horizon, to be re-visited annually, and these will focus our planning for how we will work towards each of our six aims across the four quarters of the year ahead.

And as part of the new strategy we have highlighted that we will fulfil these aims through three inter-connected Means, facilitating:

Expertise: providing information, advice and guidance – both directly and by convening networks enabling the free exchange of knowledge, ideas and insight;

Evidence: contributing to knowledge and understanding of impact and effectiveness; and

Influence: winning support from decision-makers and opinion-formers.

Conclusions

A few key lessons we are taking from this busy and largely successful year, and how we plan to take them forward are:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

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 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. From April 2022 until the end of March 2023, our engagement with local teams increased and by the end of the year we were actively engaged with 45 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 just over 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 2023

Financial review

The Parent-Infant Foundation considers itself to be financially stable. Total income for 12 months from April 2022 to March 2023 was £453,088 and total expenditure was £378,599, 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 an increase in our income from £302,629 to £453,088 which was largely due to a previous change in our accounting end of year, and these being full year accounts (12 months) while the prior year were short accounts (7 months). Restricted income for the 12 months was £120,097 (2021-2022: £64,679). We also utilised £64,155 of brought forward restricted funds to complete several programmes.

Total expenditure was £378,599, of this we utilised £54,985 (14.5%) to raise further funds and the rest, £323,614 (85.5%) was spent supporting our charitable activities.

At the end of the 12 months, we had £337,459 of net assets. £104,871 of these funds are restricted funds that will be brought forward for expenditure in 2023-24. As of 1 April 2023, these brought forward funds comprise of £29,895 AIM Foundation, £61,697 Cattanach, and £13,279 Charles Gordon Foundation. £232,588 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 2023

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 trustees have agreed a reserves policy which takes into account the needs to:

  1. mitigate income and expenditure risk;

could not be met from future income or for rescaling up of activity after the Covid 19 crisis.

The Foundation has £232,588 of unrestricted net assets at year-end which is in line with our policy.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

  1. winding up costs;

  2. working capital; and

  3. strategic development.

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

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 charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity 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.

Independent examiners

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

Approved by the trustees on 28 November 2023 and signed on their behalf by

Nick Wilkie

Nick Wilkie

Chair of Trustees

Members of the charity 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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

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 2023, which are set out on pages 21 to 31.

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:

  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).

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: 30 November 2023 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 2023

Statement of financial activities including income and expenditure for the year ended 31 March 2023

Statement of financial activities including income and
expenditure for the year ended 31 March 2023		 Statement of financial activities including income and
expenditure for the year ended 31 March 2023
12 months
7 months
Restricted
Unrestricted
2023
2022
funds
funds
Total
Total
Note
£
£
£
£
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
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 3
120,097
308,932
429,029
262,664
4
–
22,985
22,985
39,965
–
1,074
1,074
–
120,097
332,991
453,088
302,629
–
54,985
54,985
37,288
79,381
244,233
323,614
236,562
6
79,381
299,218
378,599
273,850
40,716
33,773
74,489
28,779
64,155
198,815
262,970
234,191
104,871
232,588
337,459
262,970

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 2023

Balance sheet for the year ended 31 March 2023

(Registered Company No: 08191666)

Balance sheet for the year ended 31 March 2023
(Registered Company No: 08191666)		 Balance sheet for the year ended 31 March 2023
(Registered Company No: 08191666)
2023
2022
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
12,155
4,095
341,620
268,324
353,775
272,419
11
(16,316)
(9,449)
337,459
262,970
12
337,459
262,970
13
104,871
64,155
232,588
198,815
337,459
262,970

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 28 November 2023 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 2023

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. 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.

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Parent-Infant Foundation Annual Report for the year ended 31 March 2023

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:
2023 2022
Raising funds 8.0% 8.0%
Charitable activities 92.0% 92.0%

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 2023

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

7 months
Restricted
Unrestricted
2022 Total
£
£
£
Income from:
Donations and legacies
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
and net movement in funds		 64,679
197,985
262,664
–
39,965
39,965
64,679
237,950
302,629
–
37,288
37,288
68,750
167,812
236,562
68,750
205,100
273,850
(4,071)
32,850
28,779

25

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

3. Income from donations and legacies

12 months
Restricted
Unrestricted
2023 Total
£
£
£
Grants > £10k
Ana Leaf Foundation
Esmee Fairbairn Foundation
Dulverton Trust
Souter Foundation
Cattanach Foundation
AIM Foundation
Donations
Total income from donations and legacies
Prior period comparative		 –
198,000
198,000
–
44,000
44,000
–
35,000
35,000
–
13,000
13,000
85,500
9,500
95,000
31,312
–
31,312
3,285
9,432
12,717
120,097
308,932
429,029
7 months
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

4. Income from charitable activities

4. Income from charitable activities 4. Income from charitable activities
12 months
7 months
=
Restricted
Unrestricted
2023 Total
2022 Total
£
£
£
£
Contracts
Speaker fees		 –
22,985
22,985
39,615
–
–
–
350
–
22,985
22,985
39,965

Income from charitable activities in the prior year was unrestricted.

26

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

5. Government grants

The charitable company did not receive any government grants during the year.

6. Total expenditure

6 Total exenditre
. pu Raising
Charitable
Support and
12 months
funds
activities
governance
2023 Total
£
£
costs £
£
Staff costs (note 8)
Recruitment, strategy and training
Communications
Evaluation
Consultancy
Travel
Office costs
Insurance
Accountancy

Sub–total
Allocation of support and
governance costs
Total expenditure
 21,524
138,717
95,547
255,788
–
–
11,948
11,948
–
11,206
–
11,206
–
6,160
–
6,160
19,845
3,064
14,575
37,484
21
137
11,401
11,559
415
11,234
21,457
33,106
–
–
1,346
1,346
–
–
10,002
10,002
41,805
170,518
166,276
378,599
13,180
153,096
(166,276)
–
54,985
323,614
–
378,599

Total governance costs were £7,157 (2022: £3,347).

Prior period comparative Raising
Charitable
Support and
7 months
funds
activities
governance
2022 Total
£
£
costs £
£
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

27

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

7. Net movement in funds

This is stated after charging: 12 months
7 months
2023
2022
£
£
Trustees’ remuneration
Trustees’ reimbursed expenses
Independent examiners’ remuneration:
• Independent examination (including VAT)		 Nil
Nil
Nil
100
2,040
1,920

There were no trustees reimbursed for expenses during the year (2022: 1 trustee for subsistence expenses).

8. Staff costs and numbers

Staff costs were as follows: 12 months
7 months
2023
2022
£
£
Salaries and wages
Social security costs
Pension costs		 229,448
159,517
17,788
9,603
8,552
5,513
255,788
174,633

One employee earned between £60,000 - £70,000 during the year (2022: No employees earned more than £60,000). 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 £138,376 (2022: £109,593).

12 months
7 months
2023 No.
2022 No.
Average head count
FTE equivalent		 8
10
5
6

28

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

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
2023
2022
£
£
Trade debtors
Prepayments
Other debtors
 12,100
3,220
55
–
–
875
12,155
4,095

11. Creditors: amounts due within 1 year

11. Creditors: amounts due within 1 year
2023
2022
£
£
Trade creditors
Accruals
Other creditors
Other taxation and social security		 5,499
1,061
9,055
6,464
290
40
1,472
1,884
16,316
9,449

29

Parent-Infant Foundation Annual Report for the year ended 31 March 2023 Pare t-Infant Foundation Annual Report for the y ar nded 31 March 2022

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
104,871
248,904
353,775
Current liabilities

–
(16,316)
(16,316)
Net assets at 31 March 2023

104,871
232,588
337,459
Restricted
Unrestricted
Total funds
Prior period comparative
funds £
funds £
£		 104,871
248,904
353,775
–
(16,316)
(16,316)
104,871
232,588
337,459
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

13. Movements in funds

13. Movements in funds
At
At
1 April
31 March
2022
Income
Expenditure
2023
£
£
£
£
Restricted funds
Cattanach: Scotland
AIM Foundation
Charles Gordon: Scotland
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 19,908
85,500
(43,711)
61,697
21,905
34,597
(26,607)
29,895
22,342
–
(9,063)
13,279
64,155
120,097
(79,381)
104,871
198,815
332,991
(299,218)
232,588
198,815
332,991
(299,218)
232,588
262,970
453,088
(378,599)
337,459

30

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

13. Movements in funds (continued)

Purposes of restricted funds

Cattanach: Scotland

To develop Parent-Infant relationship provision in Scotland.

AIM Foundation

To grow and strengthen the First 1001 Days Movement and campaign for changes to national policy.

Charles Gordon: Scotland

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

At
At
1 September
31 March
Prior period comparative
2021
Income
Expenditure
2022
(7 months)
£
£
£
£		 At
At
1 September
31 March
Prior period comparative
2021
Income
Expenditure
2022
(7 months)
£
£
£
£
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

14. Related party transactions

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

31

Parent-Infant Foundation Annual Report for the year ended 31 March 2023

www.parentinfantfoundation.org.uk

@ParentInfantFdn @First1001days

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

32