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2025-03-31-accounts

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

Annual report and financial statements

For the year ended 31 March 2025

a 1

Parent-Infant Foundation Ltd Report and Unaudited Financial Statements

31 March 2025

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) Registered Charity Number in Scotland: SC054517

Parent-Infant Foundation Ltd

Reference and administrative details

For the year ended 31 March 2025

Company number 08191666
Charity numbers 1152082 England & Wales
SC054517 Scotland, registered 28 August 2025
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
Tia McPhee
Amanda Sharpe Treasurer
Jane Turner
Claire Wright Chair
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
Redwood Bank Limited
The Nexus Building Broadway
Letchworth Garden City
SG6 3TA
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 2025

Introduction from our Chair of trustees

Dear friends,

It’s been a pleasure reflecting on the past year and I’m very happy to share the many ways the Foundation has continued to make a lasting difference to babies and their families. It has been exciting to witness the progress that we have made in championing the needs of babies and their parents, and to see the growing recognition of early relationships.

Most importantly, we are delighted to have been awarded National Lottery funding to support the creation of a national Parent-Infant Relationship Framework. This achievement was the result of months of careful consultation and collaboration during 2024–25. This four-year programme represents a landmark opportunity to set the gold standard for parent-infant services across England. We hope the creation of the Framework will ensure that families in England can benefit from consistent, evidence-based support in the earliest and most crucial years. We are excited to embark on this journey and to work in partnership with others to achieve meaningful and lasting change for babies, parents, and communities.

My fellow trustees and I are proud to present this year’s report, which illustrates some wonderful achievements, even when the sheer scale and pace of change has been significant. There have been several challenges, which we faced with bravery and commitment shoulder to shoulder with our partner charities, funders, professional network, researchers and political advocates.

Our expertise has reached further than ever before. We have worked directly with 10 local authorities in England, and 14 health boards in Scotland and Wales, providing hands-on support to design and strengthen specialised parent-infant relationship teams and services. These services are now better connected and supported thanks to our national network of professionals working with families in services across the UK — now 401 members strong and growing.

We have also strengthened the evidence base that underpins our national calls for investment in support of early relationships. The studies we conducted for two reports, “Maternal Attachment and Childhood outcomes’ and ‘Who is Holding the Baby?’ (published just after year end in May and June 2025) have given us powerful new data: from the estimated £900 million annual cost of poor early relationships to the extent of the reach and impact of parent-infant teams across the UK. They also importantly identified topics for which further research is still required. Our resources — toolkits, mapping tools, and commissioning guides — are now embedded in the regular practice of services, creating lasting change far beyond our own Parent-Infant Foundation team.

Our influencing work has been both timely and impactful. Infant Mental Health Awareness Week in June 2024 centred on our Speak Up for Babies campaign, harnessing the energy of a General Election year to reach over 120,000 political candidates, policy makers and activists, securing commitments from 86 politicians across all parties to ‘Speak up for babies’ in their local area. In England, this helped secure another year of Start for Life funding and embed early years priorities in the government’s Plan for Change. In Scotland and Wales, we deepened our policy engagement, supported new service models, and contributed to national strategies, such as the Welsh Mental Health and Wellbeing Strategy.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

Moving forward, we enter the next year with solid financial reserves, an expanded associate network, and a strong reputation among practitioners, policymakers, and funders. I would like to offer my sincere thanks to all of them and to our dedicated staff, whose passion, commitment and collaboration enable us to achieve so much together. It is only through these shared efforts that we can look ahead with such confidence and excitement for the future.

With gratitude,

Claire Wright Chair of Trustees

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

Our vision and why we do, what we do

We are the Parent-Infant Foundation.

Our 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.

Babies depend on sensitive, responsive care to grow and develop healthily. But many do not get the nurturing care they need. More than one in ten babies in the UK today are living in fear, confusion and distress.

Not everyone bonds easily with their baby. Parents can be overwhelmed by trauma from their own childhood. Some are struggling with mental or physical health difficulties.

Parent-infant teams support and strengthen relationships between babies and their parents (or carers).

We are the only national charity driving the growth and quality of parent-infant teams across the UK.

Because every baby deserves a good start in life.

Our strategy and six aims

We deliver our strategy through three interconnected means — Expertise, Evidence, and Influence — and we focus on six aims. Here’s what that has looked like in action this year:

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

We will report back based on these three means.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

A. Expertise - expanding reach and supporting teams

This year, we worked directly with ten local authorities in England and 14 Health Boards in Scotland and Wales, helping them to design, establish, and strengthen specialised parent-infant relationship teams and services. These teams bring together psychologists, psychotherapists, health visitors, midwives, social workers and other specialists to provide direct therapeutic work with families, as well as consultation and training for wider services.

Our support is more than technical advice — it is a trusted partnership. 92% of local leads rated this support as “extremely useful” or “useful” and 100% said it led to service changes. As one lead reflected:

“Having the opportunity to learn from the expertise and to have a critical friend who is able to support and challenge our thinking was key to our progress.”

Our impact is also about building capacity beyond the teams themselves. In Scotland, for example, we have four clinical associates working alongside Health Boards to support service design, delivery, and training. This new approach has been “both welcomed and highly valued” by those leading local services, ensuring that early relational needs are understood and embedded in everyday practice.

This year, we also saw powerful ripple effects. In areas where we’ve helped to establish specialist services, midwives, health visitors, perinatal mental health teams, and children’s social care are now better equipped to identify and respond to early relational difficulties. These teams act as catalysts for system change — keeping the baby in mind across all services, while also delivering intensive, relationship-focused work with families who need most support.

Our network now includes 49 established teams, 33 emerging teams and smaller specialist services. Through our national professional network, our reach has grown from just 46 members in 2019/20 to 401 members today, with a further 1,400 professionals engaged through our newsletters.

This year alone, we connected with 1,520 professionals who attended our six webinars, two peer learning forums, two workshops and four network days. Feedback was overwhelmingly positive:

Two attendees’ feedback give an idea of what they take from these sessions:

“I got inspiration for different directions, interventions and approaches to explore to support services and systems development.”

“I learnt about the importance of a joint pathway with local perinatal mental health services, creating a sense of urgency strategically, considering sharing consultation reports with families and the importance of 'in the moment' therapy.”

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

B. Evidence – research findings and impact

This year, we laid the groundwork for two major national studies that were launched just after the year end — Maternal Attachment and Childhood outcomes: a review of associations using the millennium cohort study data and the Who is Holding the Baby? report.

Although the publications came later, much of the work took place during 2024–25. We commissioned an analysis of the Millennium Cohort Study, led by Steve McKay, which explored the long-term costs and impacts of poor parent-infant relationships. Early findings — finalised in spring 2025 — revealed that these difficulties are associated with behavioural problems at age three, delayed language development, and challenges with toilet training. They also carry an estimated £900 million annual cost to the UK, in addition to the already established £8.9 billion perinatal mental health cost. It is important to note Steve’s caution that the shortened version of the tool used to determine levels of maternal attachment, with only six questions asked of mothers, reduces its reliability. However, we intend to build on these findings through further research planned in the year ahead.

In parallel, we brought together data from 43 specialist parent-infant teams across the UK to produce the most comprehensive picture yet of their impact. This work, which became the Who is Holding the Baby? report, showed that:

We also developed and refined practical research tools to strengthen local delivery. This included the creation of a new parent-infant relationship service pathway and mapping tool (accessed via our website 588 times). These sit alongside our existing service implementation toolkit (123 downloads, accessed 2,738 times), and the commissioners’ toolkit (185 downloads, accessed 1,100 times). These resources are now embedded in the practice of many areas and services, helping local teams design pathways, clarify definitions, and benchmark their progress.

The success of this year’s research programme delivered by us and by many others was underpinned by deep collaboration. We worked closely with valued partners — including the Royal College of Midwives, the Institute of Health Visiting, the Royal College of Psychiatrists, and the Local Government Association — to ensure that the new evidence published was grounded in real-world experience and system priorities.

Looking ahead, the insights from this research are already driving policy advocacy, influencing commissioning decisions, and providing the foundation for our new National Parent-Infant Relationship Framework, which will set out best practice for services across England over the next four years.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

C. Influence - policy and public awareness

Our influencing work in 2024–25 was defined by two things: the urgency created by the General Election and the power of a united sector voice. This year, we set out to ensure that every political party understood the importance of investing in babies’ earliest relationships — and we succeeded in making sure those messages were heard at the very top of government.

Infant Mental Health Awareness Week 2024 centred on our Speak Up for Babies campaign, using the momentum of the election period to bring the voices of babies, parents, and professionals into public debate. The campaign was fronted by our “Baby PM” film, which reached over 120,000 views through targeted advertising on X (formerly Twitter) and LinkedIn, and landed directly in the timelines of candidates and political activists. Accompanying op-eds on LabourList, ConservativeHome, and advertising on Lib Dem Voice, direct candidate emails, and a campaign toolkit for local teams ensured a consistent, nationwide push. Local services reported visits from candidates who went on to publicly back our calls for investment.

In total, we received positive responses from 86 politicians, many of whom have since become parliamentary advocates for babies. This included securing commitments from newly elected MPs to champion parent-infant relationship services in Parliament.

In England, our policy and parliamentary influencing included:

In Scotland, we deepened our relationships with policymakers and service leaders to embed infant mental health within national frameworks. We:

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

In Wales, our focus was on ensuring that infant mental health was explicitly recognised in the Welsh Government’s evolving policy landscape. We:

Our cross-sector collaboration remained central to this work. We increased our involvement in professional and third-sector coalitions and submitted policy responses in all three UK nations.

This year reinforced a lesson we have long known: change is most powerful when local and national advocacy work hand in hand. By mobilising our network, amplifying the voices of practitioners, and keeping babies’ needs in front of decision-makers, we secured both short-term funding gains and long-term political commitments to strengthen early years services.

Developing our organisation for maximum impact

A key focus this year was ensuring that the Parent-Infant Foundation is equipped — in capacity, systems, and resources — to deliver at scale in the years ahead. That meant not only sustaining our current work but also laying the groundwork for ambitious future programmes.

One of our most significant achievements was the preparation of our successful bid to the National Lottery Community Fund for the creation of a National Parent-Infant Relationship (PAIR) Framework. While the £1 million award was confirmed after the close of the financial year, much of the work — from stakeholder engagement to bid drafting and refinement — took place during 2024–25.

We convened and worked closely with partners across England, including clinical leads, commissioners, and representatives from professional bodies, to shape a proposal that reflects the realities of service delivery. This process involved: ▪ Extensive consultation with over 50 stakeholders to ensure the framework is relevant, usable, and addresses the sector’s biggest challenges;

This preparation was a major organisational effort. Two of our senior team devoted a significant portion of their time to the bid, supported by associates and trustees who provided strategic guidance. The process also deepened our relationships with delivery partners, strengthening the network that will be essential for the framework’s success.

Beyond the bid, we invested in our internal capacity to ensure that we can deliver on such large-scale commitments. This included:

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

By the end of 2024–25, we had not only maintained stability but also positioned the Foundation to lead a four-year national programme that will set the gold standard for parent-infant relationship support in England. The Parent-Infant Relationship (PAIR) Framework will be a lasting legacy of this year’s work, creating a shared blueprint for services and a stronger, more connected sector.

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)'.

Looking ahead

In the year ahead, we will push for a national funding mechanism for specialist teams, ensure babies’ needs are embedded in early years and mental health strategies, roll out the PAIR Framework, and continue to grow our movement. Our vision is clear — and with your support, it is within reach.

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 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 2024 until the end of March 2025, our engagement with local teams increased and by the end of the year we were actively engaged with 49 teams, over 100 staff within teams plus trustees (where teams are charities), and local commissioners/funders.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

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 2024 to March 2025 was £776,731 and total expenditure was £648,544, 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 £617,983 to £776,731 which was largely due to a successful bid to Cattanach to extend our work into Scotland, and continued funding from Esmee Fairbairn. The funds received for Scotland are restricted income. Restricted income for the 12 months was £367,184 (2023-24: £189,223).

Total expenditure was £648,544, of this we utilised £48,035 (7.41%) to raise further funds and the rest, £600,509 (92.59%) was spent supporting our charitable activities. At the end of the 12 months, we had £558,193 of net assets. £193,242 of these funds are restricted funds that will be brought forward for expenditure in 2025-26. As of 1 April 2025, these brought forward funds comprise of £19,987 AIM Foundation, £47,455 Cattanach, £27,127 Charles Gordon Foundation, and £98,673 The National Lottery – Wales. £364,951 of these net assets are unrestricted funds and make up our unrestricted reserves at year end.

Managing risks to protect our impact

As we entered 2024–25, we knew that achieving our vision would mean navigating a few key challenges.

Our work is powered largely by grant funding, so we keep a close eye on our income pipeline and hold healthy reserves to safeguard our programmes if funding is delayed. We also work hard to broaden our funding base so that no single grant can put our stability at risk.

The political landscape is always shifting, and changes in government priorities could affect national and local investment in early years programmes like Start for Life. To protect against this, we have built strong relationships with decision-makers from all political parties, ensuring that babies’ needs remain firmly on the agenda, whatever the political climate.

We also know that local parent-infant teams remain vulnerable without long-term funding. Their closure not only affects families but reduces the sector’s capacity to demonstrate what works. That’s why we continue to advocate for a national funding model and to provide hands-on support that helps local areas secure investment.

As a small but expert team, our strength lies in our people — and that means making sure we have the capacity and flexibility to meet growing demand. We’ve expanded our network of associates, welcomed new trustees, and invested in staff development so we can respond to opportunities and challenges quickly.

Finally, with our visibility growing, it’s vital that our message is clear. We work hard to ensure that specialised parent-infant relationship teams are recognised for what they are: urgent, life-changing mental health services for babies and their families. By testing our language with parents, professionals, and partners, we’re keeping our message strong, authentic, and rooted in evidence.

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Parent-Infant Foundation Ltd

Report of the trustees

For the year ended 31 March 2025

Reserves policy

The Parent-Infant Foundation maintains a reserves policy to ensure financial resilience and operational continuity. The policy is reviewed and approved annually by the Trustees and is aligned with the Foundation’s strategic objectives.

The Foundation aims to hold unrestricted reserves equivalent to at least three to six months of salary and minimal operational costs. This level of reserves is considered sufficient to mitigate risks associated with income volatility, particularly given the Foundation’s reliance on a small number of grant funders.

The reserves are intended to:

  1. Provide a buffer against unforeseen financial challenges.

  2. Cover shortfalls in income due to delays or cessation of grant funding.

  3. Support essential future spending through designated funds aligned with strategic priorities.

The reserves policy does not anticipate the need to protect direct service delivery, as the Foundation does not provide direct services to families. However, it recognises the indirect impact on vulnerable families should operations cease abruptly.

The Trustees review financial forecasts and risk assessments regularly, with a comprehensive risk review conducted annually. Adjustments to reserve levels are made as necessary based on these reviews.

As of the financial year ending 31 March 2025, the Foundation held unrestricted reserves of £364,951, which represents approximately 6.8 months of core operating costs.

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).

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 Ltd

Report of the trustees

For the year ended 31 March 2025

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 25 November 2025 and signed on their behalf by

Claire Wright Chair of trustees

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Independent examiner's report

To the trustees of

Parent-Infant Foundation Ltd

I report to the trustees on my examination of the accounts of Parent-Infant Foundation Ltd (the charitable company) for the period ended 31 March 2025, which are set out on pages 14 to 27.

Responsibilities and basis of report

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

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

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.

Date: 25 November 2025 William Guy Blake ACA 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 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income and net movement in
funds		 Restricted Unrestricted
£
£
367,184
341,378
-
57,313
-
10,856
367,184
409,547
-
48,035
289,335
311,174
289,335
359,209
77,849
50,338
115,393
314,613
193,242
364,951		 2025
Total
£
708,562
57,313
10,856
776,731
48,035
600,509
648,544
128,187
430,006
558,193		 2024
Total
£
571,342
42,988
3,653
617,983
48,088
477,348
525,436
92,547
337,459
430,006

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 15 to the accounts.

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Parent-Infant Foundation Ltd

Balance sheet

As at 31 March 2025

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
14
Funds
15
Restricted funds
Unrestricted funds
Total charity funds		 £
57,103
525,866
582,969
(24,776)		 2025
£
558,193
558,193
193,242
364,951
558,193		 2024
£
32,082
435,845
467,927
(37,921)
430,006
430,006
115,393
314,613
430,006

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, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

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

Approved by the trustees on 25 November 2025 and signed on their behalf by

Claire Wright - Chair

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Parent-Infant Foundation Ltd

Statement of cash flows

For the year ended 31 March 2025

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		 2025
£
128,187
10,856
(25,021)
(13,145)
100,877
(10,856)
(10,856)
90,021
435,845
525,866		 2024
£
92,547
3,653
(19,927)
21,605
97,878
(3,653)
(3,653)
94,225
341,620
435,845

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

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

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.

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Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

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:

2025 2024
Raising funds 9.0% 9.0%
Charitable activities 91.0% 91.0%

h) Tangible fixed assets

Items of equipment would be capitalised where the purchase price exceeds £2,000.

i) 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.

j) 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.

k) 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.

l) 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.

m) 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.

18

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

n) 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		 Restricted
£
£
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
Unrestricted		 2024
Total
£
571,342
42,988
3,653
617,983
48,088
477,348
525,436
92,547

19

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

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
Cattanach Trust
William Grant
Grants < £10k
Donations
Total income from donations and legacies
Prior period comparative
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		 Restricted
£
£
-
240,000
-
60,000
-
35,000
11,000
-
111,721
-
40,000
-
54,000
-
99,463
-
51,000
-
-
5,000
-
1,378
367,184
341,378
Restricted
£
£
-
220,000
-
110,000
-
35,000
11,000
-
84,863
-
40,000
-
53,360
-
-
15,000
-
2,119
189,223
382,119
Unrestricted
Unrestricted		 2025
Total
£
240,000
60,000
35,000
11,000
111,721
40,000
54,000
99,463
51,000
5,000
1,378
708,562
2024
Total
£
220,000
110,000
35,000
11,000
84,863
40,000
53,360
15,000
2,119
571,342

20

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

4. Income from charitable activities

2025 2024
Total Total
£ £
Contract income 57,313 42,988

Income from charitable activities in the current and prior year was unrestricted.

5. Government grants

The charitable company received government grants during the year totalling £111,721 from the National Lottery - Wales (2024: £84,863)

21

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure

Staff costs (note 8)
Recruitment, strategy and training
Communications
Consultancy
Project costs
Travel
Office costs
Insurance
Accountancy
Sub-total
Allocation of support and
governance costs
Total expenditure		 Raising
funds
£
30,187
-
-
-
-
-
543
-
-
30,730
17,305
48,035		 Charitable
activities
£
220,140
-
19,397
114,222
41,158
11,972
16,239
-
-
423,128
177,381
600,509		 Support and
governance
costs
£
142,778
8,164
-
2,281
-
-
29,598
681
11,184
194,686
(194,686)
-		 2024 Total
£
393,105
8,164
19,397
116,503
41,158
11,972
46,380
681
11,184
648,544
-
648,544

Total governance costs were £16,078 (2024: £17,188).

Prior period comparative

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

22

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

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)		 2025
£
Nil
511
2,325
6,995		 2024
£
Nil
472
2,200
9,321

Three trustees were reimbursed for travel and subsistence expenses during the year (2024: three).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
348,828
31,050
13,227
393,105		 2024
£
292,385
24,534
10,907
327,826

One employee earned between £60,000 - £70,000 during the year (2024: 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 £228,463 (2024: £214,361).

Average head count
FTE equivalent		 2025
No.
10
8		 2024
No.
9
7

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 2025

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 2024
Deferred during the year
Released during the year
At 31 March 2025		 2025
£
45,875
11,228
57,103
2025
£
11,635
9,747
2,646
748
-
24,776
2025
£
14,887
-
(14,887)
-		 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

Deferred income related to deferred contract income.

24

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

13. Contractual commitments

During the year, the charity entered into a contract with a supplier, Yoke Creative Agency, for the supply of services starting in April 2025. £8,438 was invoiced during the year and is included in prepayments, but the remaining £8,437 is due upon the completion of the work.

14. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparative
Current assets
Current liabilities
Net assets at 31 March 2024		 Restricted
funds
£
200,159
(6,917)
193,242
Restricted
funds
£
115,393
-
115,393		 £
382,810
(17,859)
364,951
£
352,534
(37,921)
314,613
Unrestricted
funds
Unrestricted
funds		 Total funds
£
582,969
(24,776)
558,193
Total funds
£
467,927
(37,921)
430,006

25

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

15. 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
2024
£
-
63,085
-
30,076
22,232
115,393
314,613
314,613
430,006		 Income
£
54,000
111,721
150,463
40,000
11,000
367,184
409,547
409,547
776,731		 £
£
(54,000)
-
(76,133)
98,673
(103,008)
47,455
(50,089)
19,987
(6,105)
27,127
(289,335)
193,242
(359,209)
364,951
(359,209)
364,951
(648,544)
558,193
At 31 March
2025
Expenditure		 £
£
(54,000)
-
(76,133)
98,673
(103,008)
47,455
(50,089)
19,987
(6,105)
27,127
(289,335)
193,242
(359,209)
364,951
(359,209)
364,951
(648,544)
558,193
At 31 March
2025
Expenditure
193,242
364,951
364,951
558,193

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.

26

Parent-Infant Foundation Ltd

Notes to the financial statements

For the year ended 31 March 2025

15. Movements in funds (continued)

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
Prior period comparative		 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
Expenditure
At 31 March
2024		 £
£
(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
Expenditure
At 31 March
2024
115,393
314,613
314,613
430,006

16. Related party transactions

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

27

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

==> picture [166 x 73] intentionally omitted <==

www.parentinfantfoundation.org.uk

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

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