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← Parent-Infant Foundation Ltd

2024-03-31-accounts

Company no. 08191666 Charity no. 1152082

Parent-Infant Foundation Ltd Report and Unaudited Financial Statements

31 March 2024

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

e. admin@parentinfantfoundation.org.uk

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

Parent-Infant Foundation Ltd

Reference and administrative details

For the year ended 31 March 2024

Company number 08191666 Charity number 1152082 Registered office and Office 7 operational address 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:

Kieran Anders appointed 16 July 2024
Fiona Brodie appointed 16 July 2024
Nicola Cosgrave Vice-Chair
Adrian Datta resigned 16 May 2023
Tia McPhee
Amanda Sharpe Treasurer
Jane Turner
Nicholas Wilkie Chair resigned 26 March 2024
Claire Wright Chair appointed Chair 26 March 2024
Company secretary Keith Reed
Senior staff Keith Reed Chief Executive
Tamora Langley Head of Policy and Communications
Wook Hamilton Head of Development
Jason Monaghan Operations and Finance Manager
Bankers The Co-operative Bank CAF Bank Limited
Business Direct 25 Kings Hill Avenue
Skelmersdale Kent
WN8 6WT ME19 4TA
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

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 encapsulates key moments from the past year, showcasing how the Parent-Infant Foundation’s work is making a positive difference to the professionals and specialised parent-infant relationship teams it supports, ultimately driving positive outcomes for babies and families.

Key Achievements Over the Year:

We are fortunate to have a stable staff and trustee team, though we bid a fond farewell to my predecessor, Nick Wilkie. Nick’s dedication and passion have been instrumental in steering the charity through significant upheavals, including the COVID pandemic. We are deeply grateful for his leadership and will miss him greatly.

As we embark on a new year, the charity is in a strong financial position with a robust executive leadership team and a committed board of trustees. Together, we are dedicated to championing the needs of babies and their families, providing the specialised support they require.

As the new Chair, I am passionate about working with all our stakeholders to implement our vision and strategy, and I look forward to the achievements the next 12 months will bring.

Claire Wright Chair of Trustees

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

Our vision and mission

In 2022 we undertook a thorough review of our 5-year strategy. The review led to an evolution of our strategy, including an updated vision and wider reaching aims which we will fulfil through three interconnected 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.

Why we do it:

Government estimates indicate that 60,000 babies in England leave hospitals each year at risk of disorganised attachment, characterized by feelings of fear, overwhelm, and trauma. In other areas of the UK there is a lack of consistency in how need is measured, but research consistently indicates that at least 15% of babies are likely to require support.

These disturbed relationships with caregivers are often marked by unpredictability, hostility, and neglect, usually due to the parents' mental health problems or their own traumatic experiences. This environment not only leaves babies feeling afraid but also affects their brain development and future mental and physical health.

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.

However, there is hope. Nearly 80 new mental health teams, including 46 full teams, 4 small established teams, and 30 emerging teams and services, are currently operating to address this issue. These professionals offer specialist parent-infant relationship work through 1-1 intensive therapy, which has been shown to improve parents' anxiety and mental health, enhance their responsiveness to their babies' needs, and promote the emotional and social development of the babies.

Despite the growth in the number of these teams over the past decade, it is estimated that around 400 teams are needed in England alone to adequately support the vulnerable babies who urgently require help.

How we do it:

We are the only national charity proactively supporting the growth and quality of specialised parentinfant 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 Ltd

Report of the trustees

For the year ended 31 March 2024

Our strategy and the focus of our work

We agreed our 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:

We will report back based on these three means.

A. Expertise

A core activity for the Foundation is supporting professionals in developing and sustaining specialised parent-infant relationship teams across the UK. These teams are multi-disciplinary and work at two levels (1) as expert advisors and champions supporting the local workforce, (2) as specialists providing direct support to families.

Expanding Reach and Influence

The Foundation has significantly expanded its reach over the past five years, from 46 Network members in 2019/20 to 375 Network members drawn from existing teams and services. There are 1,200 other professionals, researchers and commissioners reached via our mailing list and regular webinars.

Network Composition

The Network comprises professionals from various categories, including:

Whilst services have developed across the UK in the past decade, it is estimated that 400 teams are needed to meet the needs of the 60,000 vulnerable babies in England alone.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

Members Survey Results

Our survey of Network Members indicated:

Positive Event Feedback

In 2023/24, the Foundation's events reached 1,198 people through 10 webinars, 5 Peer Learning Forums, and 3 Network Days. Post-event feedback, with a 16% response rate, revealed:

Highly Rated Implementation Support

The consultancy model provided by the Parent-Infant Foundation to Local Authorities across the UK is highly rated. All areas receiving implementation support found it to extremely useful and had made changes in their services as a result. Testimonials highlight the value of external expertise, collaborative approaches, and strategic guidance provided by the Foundation's associates.

Positive Resource Provision

Users have commended us for offering the right level of resources and events, although there is an appetite for additional resources. Professionals appreciate the availability of toolkits, guidelines, and research materials, which they regularly use in their practice. Key resources accessed between April 2023 and March 2024 include:

Feedback on these resources has been positive, with professionals using them to clarify terminology and gain a wider understanding of considerations in parent-infant relationships.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

B. Evidence

The Impact of Specialised Parent-Infant Relationship Teams on Families

We published a report this year setting out the impact of teams. It highlighted three key findings.

1. Strengthening Relationships Between Babies and Their Caregivers The interventions offered by parent-infant teams are highly effective at supporting caregivers to be more responsive, sensitive, and attuned to their baby’s needs. Evidence from local research and service evaluations aligns with national and international research, demonstrating that highquality parent-infant relationships positively impact babies' brain development, early physical health, and emotional wellbeing. Early interactions also support the development of language, emotional regulation, and other capacities critical for children’s future success in education and work.

2. Improving the Mental Health of Caregivers Involvement with specialised parent-infant relationship teams significantly reduces levels of anxiety, depression, and stress in caregivers. This reduction is crucial as parental mental health difficulties are associated with adverse outcomes for babies in the short term and long term. Improved caregiver mental health leads to better social, emotional, behavioural, and cognitive development in children, creating a healthier and more supportive environment for babies.

3. Supporting Babies' Social and Emotional Development Parent-infant teams play a vital role in promoting babies' social and emotional development. Local service evaluations indicate that risks to babies and young children, including those with serious safeguarding concerns, can be decreased through involvement with a parent-infant team. Helping babies meet their early developmental milestones promotes their immediate wellbeing, sets them on a trajectory for positive long-term physical and mental health, and helps them achieve their learning potential.

In conclusion, Specialised Parent-infant relationship teams play a vital role in supporting families and promoting healthy early development. Through their interventions, these teams help to strengthen parent-infant bonds, improve parental mental health, and enhance overall family dynamics.

ABC PiP Learning Report – January 2019-December 2022

The Foundation supported the creation of the ABC PiP Four Years Learning Report. It highlights the significant impact of the Attachment, Bonding, and Communication Parent-Infant Partnership (ABC PiP) on infant mental health and parent-infant relationships among those babies and families supported by their services. The program, a collaborative effort between Barnardo’s NI, Parent-Infant Foundation, South Eastern HSC Trust, and Tiny Life, has focused on supporting vulnerable families during the crucial first 1001 days of a child's life. Key interventions included Tier 1 and Tier 2 support tailored to families' specific needs, addressing issues such as parental anxiety, depression, and complex trauma histories. The report details the effectiveness of home-based therapeutic support, capacity building among professionals, and the importance of system-wide change to prioritize infant mental health. The outcomes indicate significant improvements in parental mental and emotional health, enhanced parent-infant bonding, and positive shifts in anxiety and depression scores. The report also underscores the challenges posed by the COVID-19 pandemic and the ongoing need for sustained funding and policy support to expand and replicate the specialised parent-infant relationship teams across Northern Ireland.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

C. Influencing

Pressing for Parent-Infant Relationships Policy Change

In England, the government’s Major Conditions Strategy, “case for change”, explicitly recognised the importance of parent-infant relationships. We played a significant role in shaping this by responding to the consultation, suggesting the creation of 400 teams to support nearly 60,000 babies and families. Additionally, we produced and shared a workforce paper with Downing Street to address concerns about how services could be expanded. We also held regular meetings with Andrea Leadsom, who was the Minister for Start for Life.

Our contributions were acknowledged in the UK Government's guidance on ‘Improving the mental health of babies, children, and young people,’ where the term BCYP (Babies, Children, and Young People) was used for the first time.

Other successes this year included attending three political party conferences where many good connections were made with MPs and advisers. We also acted as Secretariat to the APPG Conception to Age 2, and presented at their Extraordinary General Meeting in Westminster, explaining to MPs and the Minister our recommendation that parent-infant teams should be scaled up across England. Ahead of the General Election, we ran a survey consulting the sector about the priorities they would like to see in election manifestos. Working with the First 1001 Days Steering Group, we developed and launched in parliament a ‘Manifesto for Babies’, and urged all parties to support its recommendations.

To mitigate the risk of a change in government following a general election, we also helped to organise the Labour Shadow Minister for Children, Helen Hayes MP, visiting Lambeth LEAP. She met their specialised parent PAIRS service to better understand their work. We also facilitated a visit for Gill Furniss MP to a parent-infant team for International Women’s Day 2024.

In Wales, we held a warm first meeting with the Deputy Minister for Mental Health. We were delighted that infant mental health was explicitly mentioned in the Wales draft Mental Health Strategy. This was part of our engagement undertaken as part of our Wales national development programme, which launched in February 2024.

In Scotland, we met with the Scottish Health Minister for the first time to explain our development support to all health boards. We also held regular meetings with the Government's Infant Mental Health team. As part of these meetings, we scoped additional support needed for health boards in Scotland. We also began an options appraisal for establishing a centre of excellence in Infant Mental Health in Scotland.

Working with Partners

We collaborated with several key partners to promote the expansion of parent-infant relationship services. Notable collaborations included:

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

Convening the First 1001 Days Movement

Our efforts to convene the First 1001 Days Movement were extensive and impactful. We provided Secretariat support to the Steering Group through the year, and worked collaboratively to produce a Manifesto for Babies to ensure the sector had a coherent set of policy asks ahead of the General Election. We attended three party political conferences, meeting with numerous parliamentary and policy officials to make sure the needs of babies were on their radar, and explain the benefits Start for Life was starting to deliver, and the need to invest more in babies. We also acted as Secretariat to the All-Party Parliamentary Group (APPG) Conception to Age Two, supporting MPs to engage Ministers and discuss policy.

Key activities included:

Raising Awareness

To raise awareness, we launched several initiatives, including:

We were also pleased to support the launch of the Start for Life team’s new public health campaign, “If they could tell you…” and the Royal Foundation’s #ShapingUs campaign.

Developing our organisation for maximum impact

An Equality, Diversity, and Inclusion (EDI) audit was completed, followed by training sessions for both the staff team and trustees to address the findings. There are a series of actions incorporated into our operational plan. Their impact and progress made in implementing the audit findings will be undertaken annually.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

Additionally, a staff way of working session was conducted with an external coach to enhance team dynamics, which are already strong. It was strengthened with the appointment of Dr Liz Gregory. Liz is a clinical psychologist with a long-standing interest in infant mental health and she is leading the development programme in Wales funded by the National Lottery.

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.

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 4 experienced clinical leads from parent-infant teams to provide paid consultancy support to local areas.

Efforts to generate income to bridge a potential in year funding gap were successful, with several longstanding commitments secured. This brings additional certainty in the next twelve months.

We ran a successful Chair recruitment programme with a broad range of applicants. Trustees themselves continue to undertake a range of continuing professional development, which is recorded and reviewed.

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)'.

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 Ltd

Report of the trustees

For the year ended 31 March 2024

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.

All trustees give their time voluntarily and receive no benefits from the charity. All out-of-pocket expenses claimed by trustees are set out in Note 7 to the Accounts.

Contribution of volunteers

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

Relationship with other parties

The Parent-Infant Foundation acts as an umbrella organisation supporting any parent-infant relationship team around the UK, however they are funded or where they are situated. The definition of what constitutes a parent-infant team can be found on our website. 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.

Financial review

The Parent-Infant Foundation considers itself to be financially stable. Total income for 12 months from April 2023 to March 2024 was £617,983 and total expenditure was £525,436, 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.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

This year saw an increase in our income from donations and legacies from £429,029 to £571,342 which was largely due to a successful bid to The National Lottery Community Fund – Wales to extend our work into Wales, and continued funding from Esmée Fairbairn, along with additional funds from Esmée Fairbairn for campaign influencing work. Restricted income for the 12 months was £189,223 (2022-2023: £120,097). We also utilised £104,871 of brought forward restricted funds to complete several programmes.

Total expenditure was £525,436, of this we utilised £48,088 (9%) to raise further funds and the rest, £477,348 (91%) was spent supporting our charitable activities.

At the end of the 12 months, we had £430,006 of net assets. £115,393 of these funds are restricted funds that will be brought forward for expenditure in 2024-25. As of 1 April 2024, these brought forward funds comprise of £30,076 AIM Foundation, £22,232 Charles Gordon Foundation, and £63,085 The National Lottery – Wales. £314,613 of these net assets are unrestricted funds and make up our unrestricted reserves at year end.

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.

The trustees have agreed a reserves policy which considers the needs to mitigate income and expenditure risk, winding up costs, working capital and strategic development. The Foundation has £314,613 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).

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2024

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:

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.

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.

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 19 November 2024 and signed on their behalf by

Claire Wright

Claire Wright Chair of trustees

12

Independent examiner's report

To the trustees of

Parent-Infant Foundation Ltd

I report to the trustees on my examination of the accounts of Parent-Infant Foundation Ltd (the charitable company) for the period ended 31 March 2024, which are set out on pages 14 to 26.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

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

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

Alison Godfrey

Date: 19 November 2024 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol, BS1 4QD

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Parent-Infant Foundation Ltd

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

For the year ended 31 March 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income and net movement in
funds		 Restricted Unrestricted
£
£
189,223
382,119
-
42,988
-
3,653
189,223
428,760
-
48,088
178,701
298,647
178,701
346,735
10,522
82,025
104,871
232,588
115,393
314,613		 2024
Total
£
571,342
42,988
3,653
617,983
48,088
477,348
525,436
92,547
337,459
430,006		 2023
Total
£
429,029
22,985
1,074
453,088
54,985
323,614
378,599
74,489
262,970
337,459

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 14 to the accounts.

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Parent-Infant Foundation Ltd

Balance sheet

As at 31 March 2024

As at 31 March 2024
Note
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
11
Net current assets
Net assets
13
Funds
14
Restricted funds
Unrestricted funds
Total charity funds		 £
32,082
435,845
467,927
(37,921)		 2024
£
430,006
430,006
115,393
314,613
430,006		 2023
£
12,155
341,620
353,775
(16,316)
337,459
337,459
104,871
232,588
337,459

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 19 November 2024 and signed on their behalf by

Claire Wright

Claire Wright - Chair

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Parent-Infant Foundation Ltd

Statement of cash flows

For the year ended 31 March 2024

Cash used in operating activities:
Net movement in funds
Adjustments for:
Dividends, interest and rents from investments
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
92,547
3,653
(19,927)
21,605
97,878
(3,653)
(3,653)
94,225
341,620
435,845		 2023
£
74,489
1,074
(8,060)
6,867
74,370
(1,074)
(1,074)
73,296
268,324
341,620

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

16

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

a) Basis of preparation and general information

Parent-Infant Foundation Ltd is a charitable company limited by guarantee registered in England and Wales. The registered office address is Office 7, 35-37 Ludgate Hill, London, EC4M 7JN.

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.

17

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

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:

ities on the following basis:
2024 2023
Raising funds 9.0% 8.0%
Charitable activities 91.0% 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.

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.

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

m) Accounting estimates and key judgements

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

2. Prior period comparative: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds		 2023
Restricted
Total
£
£
£
120,097
308,932
429,029
-
22,985
22,985
-
1,074
1,074
120,097
332,991
453,088
-
54,985
54,985
79,381
244,233
323,614
79,381
299,218
378,599
40,716
33,773
74,489
Unrestricted

19

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

3. Income from donations and legacies

Grants > £10k:
Ana Leaf Foundation
Esmée Fairbairn Foundation
Dulverton Trust
Charles Gordon Foundation
Big Lottery - Wales
AIM Foundation
Robert and Rosie Wright Charity
Manchester Evaluation/Research Donor:Lady Fink
Donations
Total income from donations and legacies
Prior period comparative
Grants > £10k:
Ana Leaf Foundation
Esmée Fairbairn Foundation
Dulverton Trust
Souter Foundation
Cattanach Foundation
AIM Foundation
Donations
Total income from donations and legacies		 Restricted
£
£
-
220,000
-
110,000
-
35,000
11,000
-
84,863
-
40,000
-
53,360
-
-
15,000
-
2,119
189,223
382,119
Restricted
£
£
-
198,000
-
44,000
-
35,000
-
13,000
85,500
9,500
31,312
-
3,285
9,432
120,097
308,932
Unrestricted
Unrestricted		 2024
Total
£
220,000
110,000
35,000
11,000
84,863
40,000
53,360
15,000
2,119
571,342
2023
Total
£
198,000
44,000
35,000
13,000
95,000
31,312
12,717
429,029

20

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

4. Income from charitable activities

Income from charitable activities
2024 2023
Total Total
£ £
Contract income 42,988 22,985

Income from charitable activities in the prior year was unrestricted.

5. Government grants

The charitable company received government grants during the year totalling £84,863 from the Big Lottery. No government grants were received in the prior year.

21

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

6. Total expenditure

Raising
funds
Charitable
activities
£
£
Staff costs (note 8)
26,037
180,675
Recruitment, strategy and training
-
-
Communications
-
11,865
Consultancy
5,000
81,695
Project costs
-
19,199
Travel
-
13,096
Office costs
531
8,615
Insurance
-
-
Accountancy
-
-
Sub-total
31,568
315,145
Allocation of support and
governance costs
16,520
162,203
Total expenditure
48,088
477,348
Total governance costs were £17,188 (2023: £14,902).		 Support and
governance
costs
£
121,114
10,758
-
2,209
-
-
30,923
1,409
12,310
178,723
(178,723)
-		 2024 Total
£
327,826
10,758
11,865
88,904
19,199
13,096
40,069
1,409
12,310
525,436
-
525,436

Prior period comparative

Prior period comparative
Staff costs (note 8)
Recruitment, strategy and training
Communications
Evaluation
Consultancy
Project costs
Travel
Office costs
Insurance
Accountancy
Sub-total
Allocation of support and
governance costs
Total expenditure		 Raising
funds
£
21,524
-
-
-
19,845
-
21
415
-
-
41,805
13,180
54,985		 Charitable
activities
£
138,717
-
11,206
6,160
3,064
8,510
137
2,724
-
-
170,518
153,096
323,614		 Support and
governance
costs
£
95,547
11,948
-
-
14,575
-
11,401
21,457
1,346
10,002
166,276
(166,276)
-		 2023 Total
£
255,788
11,948
11,206
6,160
37,484
8,510
11,559
24,596
1,346
10,002
378,599
-
378,599

22

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

7. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (excluding VAT)
Other services (excluding VAT)		 2024
£
Nil
472
2,200
9,321		 2023
£
Nil
Nil
1,805
7,620

Three trustees reimbursed for travel and subsistence expenses during the year (2023: Nil).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2024
£
292,385
24,534
10,907
327,826		 2023
£
229,448
17,788
8,552
255,788

One employee earned between £60,000 - £70,000 during the year (2023: one employee, £60,000 - £70,000).

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 £214,361 (2023: £138,376).

Average head count
FTE equivalent		 2024
No.
9
7		 2023
No.
8
5

9. Taxation

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

23

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

For the year ended 31 March 2024
10. Debtors
Trade debtors
Prepayments
11. Creditors: amounts due within 1 year
Trade creditors
Accruals
Other creditors
Other taxation and social security
Deferred income (Note 12)
12. Deferred income
At 1 April 2023
Deferred during the year
At 31 March 2024
Deferred income related to deferred contract income.
13. Analysis of net assets between funds
Restricted
funds
£
Current assets
115,393
Current liabilities
-
Net assets at 31 March 2024
115,393
Prior period comparative
Restricted
funds
£
Current assets
104,871
Current liabilities
-
Net assets at 31 March 2023
104,871		 2024
£
30,725
1,357
32,082
2024
£
10,179
9,549
1,285
2,021
14,887
37,921
2024
£
-
14,887
14,887
£
352,534
(37,921)
314,613
£
248,904
(16,316)
232,588
Unrestricted
funds
Unrestricted
funds		 2023
£
12,100
55
12,155
2023
£
5,499
9,055
290
1,472
-
16,316
2023
£
-
-
-
Total funds
£
467,927
(37,921)
430,006
Total funds
£
353,775
(16,316)
337,459

24

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

14. Movements in funds

Movements in funds
Restricted funds
Robert and Rosie Wright Charity
National Lottery - Wales
Cattanach: Scotland
AIM Foundation
Charles Gordon: Scotland
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2023
£
-
-
61,697
29,895
13,279
104,871
232,588
232,588
337,459		 Income
£
53,360
84,863
-
40,000
11,000
189,223
428,760
428,760
617,983		 £
£
(53,360)
-
(21,778)
63,085
(61,697)
-
(39,819)
30,076
(2,047)
22,232
(178,701)
115,393
(346,735)
314,613
(346,735)
314,613
(525,436)
430,006
At 31 March
2024
Expenditure
115,393
314,613
314,613
430,006

Purposes of restricted funds

Robert and Rosie Wright Charity

Funding received to contribute to the salary costs of the National Clinical Advisor and Head of Development roles.

National Lottery - Wales

To increase the quality and quantity of specialised parentinfant relationship teams across Wales - informed by best practice and ensuring parent and infant voices are embedded throughout the development of the project - as well as develop and support a Wales-wide development community and network.

Cattanach: Scotland AIM Foundation

To develop Parent-Infant relationship provision in Scotland.

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.

25

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2024

14. Movements in funds (continued)

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

15. Related party transactions

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

26