1
POP’s Annual Report FY 1[st] April 2023 to 31[st] March 2024
FY 23/24 has been yet another busy and exciting year, with many highlights. The charity benefited from an enhanced profile after being chosen as the “charity of choice” by the Bracknell Town Mayor. We were extremely proud, and this helped acknowledge and cement the support we are able to give local foster children and care leavers.
In addition, it should be noted that we increased our charitable activities by 18% and our income increased by 38%, ensuring that we can offer more support in the coming year.
CHARITABLE ACTIVITIES
Maths and English Tuition for Foster Children
The educational data in 2024 still paints a bleak picture. Children looked after (CLA) were half as likely to achieve the expected standard in reading, writing and compared to the overall pupil population.
So, we made providing Maths and English tuition one of our priorities this year and in partnership with Explore Learning, we worked closely with Bracknell and
Wokingham councils to deliver this to as many children as possible. In addition to higher attainment levels in English and Maths we have seen improvement in children’s self-esteem, confidence, and willingness to engage at school. A marked difference to their attitude before the tuition.
In summary the children have access to 9 sessions per month, the centre is open 6 days per week and the children work in groups of up to 6 per tutor or an online option is available. Each child has an individual learning plan to match their ability level and speed of learning.
2
Post 16 Educational Support
There are several issues that can affect the educational support of foster children after age 16, including:
- Funding
Pupil Premium Plus funding is cut off when children turn 16, which can disproportionately affect children in residential care.
- Gaps in education
Disruptions and gaps in education can lead to lower attainment at GCSE level.
- Special educational needs
CLA are more likely to be classified as having special educational needs than their peers.
- Mental health
CLA are more likely to have mental health conditions than their peers.
- Trauma CLA may have experienced significant trauma, which can impact their ability to form positive relationships and transition to adulthood.
Once again, we have supported several post 16 learners, either with additional support prior to upcoming exams or college/university entrance. The feedback we receive shows why our support is so essential in changing children’s outcomes.
This is a project which we will continue to expand in future years, we are now also working with Wokingham Borough Council and hope to add Royal Borough of Windsor & Maidenhead to our working partnerships in the next 12 months.
University Bursaries
One of POP’s aims is to provide further education bursaries for foster children. Only 6% of fostered children go on to further education, compared to a national average of nearly 50%. This year we have been highly successful in supporting a number of students as they either start or continue their journey towards their degree.
We have supported students at Kent, West London, Leeds, and Open University providing packages which include, accommodation deposits, fresher’s week support and weekly food payments. Our aim is to help them live independently, engage in
3
learning from the start and, perhaps most importantly, enjoy their university journey without financial worries.
Some of the students are already in their 2[nd, ] 3[rd] and final year of support from POP and are very enthusiastic about the help POP has given them and the difference it has made to their university experience. Please see some of the fabulous comments below:
“I know I can come back to POP at anytime, even when I get into difficulties.”
'I could concentrate on my studies and not have to worry, the support from POP was invaluable.
Sporting Activities
Our sporting support continues; we have supplied ice stakes, football boots and paid for club subscriptions so that children can establish social connections whilst learning new skills. Next year, we hope to once again be able to offer swimming lessons, so that CLA can benefit from this most important life skill. Research has shown that children who learn to swim by the age of five experienced more rapid physical and cognitive skill development than might otherwise would be expected.
4
Christmas Hampers for Families in Need
2023 continued to bring hardship to many, with record numbers of food parcels distributed. Christmas can be such a challenging time for many, leaving nothing spare to provide a special time for children.
Once again, Power of Parenting stepped in to help those struggling and delivered a record number of 18 amazing hampers to some lucky families, to make Christmas a little easier. Two local schools identified families in crisis for us and we provided hampers at Christmas time to allow those families to enjoy a more normal Christmas.
Not only a hamper to provide Christmas lunch but also some vouchers to allow the families to buy presents.
Mum of three; 'The hamper was amazing; it had the biggest turkey in it I have ever seen!'
Mum & 9yr old son: 'Oh my goodness, it was so amazing, there was everything in there, I was able to cook my first ever roast dinner, the turkey was so big we had some the next day too. We enjoyed it so much I've done another roast since too.’
Parents of 4: 'Really lovely, a great help, thank you very much’.
FUNDRAISING ACTIVITIES
The annual Christmas Ball, London Marathon Event and Sky Dive were all amazing events bringing in particularly good profit.
POP Christmas Ball – December 2023
The 2023 POP Children’s Charity Christmas Ball was held at Coppid Beech Hotel and was the biggest yet with 256 guests. As previously the ball was run as a thank you to our wonderful foster carers but also to raise the profile of the charity and finally to raise funds so we can continue to help Children Looked After in the local area.
The Foster Carers were thanked not only throughout the evening, but also
with gifts of flowers and wine.
5
Sky-dive
Brian Murphy from Storry Homes took part in a sponsored skydive and raised over £2,000 for the charity. After various cancellations due to weather, he was finally able to compete his dive and very grateful we are to him.
The Bracknell Town Mayor runs the Virtual London Marathon for his chosen
Charity POP.
We are so grateful to Simon Carter for all the work he undertook this year to promote our charity, he has worked so hard for us and has been a wonderful ambassador for POP. Simon has trained extremely hard, in
all weathers to run the Virtual London Marathon in April 2024 and we wish him all the best and thank him for the funds he has already raised for POP, even before the race has taken place!
Grants / Significant Donations
Donations remain a significant source of income for the charity, with £10,000 from the Greenslade Family Foundation and a donation from the National Landlord Investment Show who made us their chosen charity for their end of year awards ceremony.
Overall, another successful year, where we can clearly see the difference POP makes to foster children and care leavers of all ages.
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
REGISTERED COMPANY NUMBER: CE007595 (England and Wales) REGISTERED CHARITY NUMBER: 1167772
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Power Of Parenting
EDMONDS ACCOUNTANCY LIMITED Unit 11, Diddenham Bus Park, Diddenham Court Grazeley, READING Berkshire RG7 1JQ
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
Power Of Parenting
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
Power Of Parenting
Report of the Trustees for the Year Ended 31 March 2024
Report of the Trustees for the Year Ended 31 March 2024
FY 23/24 has been yet another busy and exciting year, with many highlights. The charity benefited from an enhanced profile after being chosen as the “charity of choice” by the Bracknell Town Mayor. We were extremely proud, and this helped acknowledge and cement the support we give local foster children and care leavers.
In addition, it should be noted that we increased our charitable activities by 18% and our income increased by 38%, ensuring that we can offer more support in the coming year.
Our Trustees Annual Report which sits alongside these Financial Statements provides much more detail on our activities for the year, as well as some lovely pictures, but we have also summarised them briefly below.
Charitable Activities
FY23/24 has seen us continue our work with virtual schools to support many young people with additional tuition pre-GCSE. We also continue to provide post-sixteen tuition which is so important as there is no government funding for this age group. We are now working with Wokingham council as well as Bracknell Forest council and are supporting several of their post sixteen learners. We hope to add the Royal Borough of Windsor & Maidenhead to our list of local boroughs with whom we partner very soon.
We continue to support several students as they either start or continue their journey towards their degree. Some of the students are already in their 2[nd] , 3rd, and final year of support from POP and are very enthusiastic about the help we have given them, and the difference it has made to their university experience. We have supported students at Kent, West London, Leeds, and The Open University providing packages which include accommodation deposits, fresher’s week support and weekly food.
Our sporting support continues; we have supplied ice stakes, football boots and paid for club subscriptions so that children can establish social connections whilst learning new skills. Next year, we hope to once again be able to offer swimming lessons, so that CLA can benefit from this most important life skill.
Finally, we supported eighteen families in need at Christmas with everything they need for a Christmas dinner and some vouchers to buy their children presents.
Fundraising Activities
The annual Christmas Ball, London Marathon Event and Sky Dive were all amazing events bringing in particularly good profit.
Grants / Significant Donations
Donations remain a significant source of income for the charity, with £10,000 from the Greenslade Family Foundation. In addition to c£2,000 raised from a skydive undertaking by one of our supporters and a donation from the National Landlord Investment Show who made us their chosen charity for their end of year awards ceremony.
The POP Hub of Excellence the board of trustees
POP’s CEO reported his findings back to the board of trustees on 20.09.23, having researched the feasibility of the POP Hub of Excellence. His recommendations were to;
-
Put the project on hold for the physical building and focus in on
-
the actual services/benefits we envisaged providing via the POP House project.
-
Work/Partner with Project Storry to develop and promote a solution to those identified problems.
The Trustees discussed this at the meeting and agreed with the CEO’s recommendations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
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Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE007595 (England and Wales)
Registered Charity number
1167772
Registered office
19 Asher Drive Ascot SL5 8LJ
Trustees
C Edwards V Maharaj Miss G Adams P Dugdale Ms G Callaghan J Weaver 12/16/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
[Weaner] |[Solan] Signed by: ............................................................................ D3BC6E1334594E7...
J Weaver - Trustee
Page 2
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Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Charitable activities | ||||||
| Fundraising Activities | 37,756 | 1,000 | 38,756 | 25,407 | ||
| Donations and Legacies | 16,932 | - | 16,932 | 14,717 | ||
| Grant Income | 21,000 | - | 21,000 | 10,000 | ||
| Investment income | 2 | 97 | - | 97 | 20 | |
| Other income | - | - | 5,356 | |||
| Total | 75,785 | 1,000 | 76,785 | 55,500 | ||
| EXPENDITURE ON | ||||||
| Fundraising Activities | 25,713 | - | 25,713 | 22,577 | ||
| Charitable activities | ||||||
| Charitable Administration | 12,194 | - | 12,194 | 11,951 | ||
| Charitable Activities | 13,020 | 1,137 | 14,157 | 12,031 | ||
| Other | 9,045 | - | 9,045 | 10,736 | ||
| Total | 59,972 | 1,137 | 61,109 | 57,295 | ||
| NET INCOME/(EXPENDITURE) | 15,813 | (137) | 15,676 | (1,795) | ||
| Transfers between funds | 8 | (137) | 137 | - | - | |
| Net movement in funds | 15,676 | - | 15,676 | (1,795) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 35,120 | - | 35,120 | 36,915 | ||
| TOTAL FUNDS CARRIED FORWARD | 50,796 | - | 50,796 | 35,120 |
The notes form part of these financial statements
Page 3
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Balance Sheet 31 March 2024
| 31.3.24 | 31.3.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | - | - | - | 521 |
| CURRENT ASSETS | |||||
| Debtors | 6 | 280 | - | 280 | 395 |
| Cash at bank and in hand | 52,875 | - | 52,875 | 37,599 | |
| 53,155 | - | 53,155 | 37,994 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 7 | (2,359) | - | (2,359) | (3,395) |
| NET CURRENT ASSETS | 50,796 | - | 50,796 | 34,599 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 50,796 | - | 50,796 | 35,120 | |
| NET ASSETS | 50,796 | - | 50,796 | 35,120 | |
| FUNDS | 8 | ||||
| Unrestricted funds | 50,796 | 35,120 | |||
| Restricted funds | - | - | |||
| TOTAL FUNDS | 50,796 | 35,120 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Weaver - Trustee
The notes form part of these financial statements
Page 4
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Power Of Parenting
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Motor vehicles | - 20% on reducing balance |
|---|---|
| Computer equipment | - 20% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Deposit account interest | 97 | 20 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 165 | 130 |
| Surplus/(deficit) on disposal of fixed assets | 521 | (5,356) |
Page 5
continued...
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Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Computer | |||||||
| equipment | Totals | ||||||
| £ | £ | ||||||
| COST | |||||||
| At 1 April 2023 | 1,021 | 1,021 | |||||
| Disposals | (1,021) | (1,021) | |||||
| At 31 March 2024 | - | - | |||||
| DEPRECIATION | |||||||
| At 1 April 2023 | 500 | 500 | |||||
| Eliminated on disposal | (500) | (500) | |||||
| At 31 March 2024 | - | - | |||||
| NET BOOK VALUE | |||||||
| At 31 March 2024 | - | - | |||||
| At 31 March 2023 | 521 | 521 | |||||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 31.3.24 | 31.3.23 | ||||||
| £ | £ | ||||||
| VAT | 44 | 175 | |||||
| Prepayments | 236 | 220 | |||||
| 280 | 395 | ||||||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.3.24 | 31.3.23 | ||||||
| £ | £ | ||||||
| Other creditors | 579 | 378 | |||||
| Accrued expenses | 1,780 | 3,017 | |||||
| 2,359 | 3,395 | ||||||
| 8. | MOVEMENT IN FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.23 | in funds | funds | 31.3.24 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 35,120 | 15,813 | (137) | 50,796 | |||
| Restricted funds | |||||||
| Restricted | - | (137) | 137 | - | |||
| TOTAL FUNDS | 35,120 | 15,676 | - | 50,796 |
Page 6
continued...
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Notes to the Financial Statements - continued for the Year Ended 31 March 2024
Net movement in funds, included in the above are as follows:
| Net movement in funds, included in the above | are as follows: | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 75,785 | (59,972) | 15,813 | ||
| Restricted funds | |||||
| Restricted | 1,000 | (1,137) | (137) | ||
| TOTAL FUNDS | 76,785 | (61,109) | 15,676 | ||
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 19,609 | 8,941 | 6,570 | 35,120 | |
| Restricted funds | |||||
| Restricted | 17,306 | (10,736) | (6,570) | - | |
| TOTAL FUNDS | 36,915 | (1,795) | - | 35,120 | |
| Comparative net movement in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 55,500 | (46,559) | 8,941 | ||
| Restricted funds | |||||
| Restricted | - | (10,736) | (10,736) | ||
| TOTAL FUNDS | 55,500 | (57,295) | (1,795) | ||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 19,609 | 24,754 | 6,433 | 50,796 | |
| Restricted funds | |||||
| Restricted | 17,306 | (10,873) | (6,433) | - | |
| TOTAL FUNDS | 36,915 | 13,881 | - | 50,796 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as |
|---|---|---|---|
| follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 131,285 | (106,531) | 24,754 |
| Restricted funds | |||
| Restricted | 1,000 | (11,873) | (10,873) |
| TOTAL FUNDS | 132,285 | (118,404) | 13,881 |
There were no related party transactions for the year ended 31 March 2024.
9. RELATED PARTY DISCLOSURES
Page 7
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Power Of Parenting
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Deposit account interest | 97 | 20 |
| Charitable activities | ||
| Donations | 16,932 | 14,717 |
| Grants | 21,000 | 10,000 |
| Fundraising - Ball | 38,756 | 22,616 |
| Fundraising - Golf | - | 2,791 |
| 76,688 | 50,124 | |
| Other income | ||
| Gain on sale of tangible fixed assets | - | 5,356 |
| Total incoming resources | 76,785 | 55,500 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Golf | - | 2,687 |
| Ball | 25,713 | 19,890 |
| 25,713 | 22,577 | |
| Charitable activities | ||
| Academic Bursaries | - | 1,240 |
| Wokingham Virtual School | 2,270 | - |
| Christmas Support for Families | 1,137 | 872 |
| Maths & English Tuition | (423) | 9,227 |
| Further Education Bursaries | 4,835 | - |
| POP Uni Starter and Returners Package | 2,695 | - |
| Post 16 Tuition | 1,000 | - |
| Storry Homes | 705 | - |
| Counselling Support for Foster Children | 500 | - |
| Support of Care Leavers | 338 | - |
| Swimming Lessons | - | 692 |
| Other | 1,100 | - |
| 14,157 | 12,031 | |
| Other | ||
| Investment Projects | 8,524 | 10,736 |
| Deficit on disposal of fixed assets | 521 | - |
| 9,045 | 10,736 | |
| Governance costs | ||
| Accountancy fees | 614 | 617 |
| Promotional Expense | 207 | 754 |
| Printing, Postage & Stationary | 184 | 791 |
| Computer and website costs | 727 | - |
| Training | - | 180 |
| Wages | 9,721 | 7,990 |
| Just Giving Charges | 283 | 285 |
| Insurance | 388 | 404 |
| Travel | - | 800 |
| Subscription | 50 | - |
| Bank charges | 20 | - |
| Computer Equipment Depreciation | - | 130 |
| 12,194 | 11,951 | |
| Total resources expended | 60,503 | 57,295 |
| Net income/(expenditure) | 15,676 | (1,795) |
This page does not form part of the statutory financial statements
Page 8
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
REGISTERED COMPANY NUMBER: CE007595 (England and Wales) REGISTERED CHARITY NUMBER: 1167772
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Power Of Parenting
EDMONDS ACCOUNTANCY LIMITED Unit 11, Diddenham Bus Park, Diddenham Court Grazeley, READING Berkshire RG7 1JQ
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
Power Of Parenting
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Docusign Envelope ID: 5F565752-B718-4295-9D90-A132AEBF3348
Power Of Parenting
Report of the Trustees for the Year Ended 31 March 2024
Report of the Trustees for the Year Ended 31 March 2024
FY 23/24 has been yet another busy and exciting year, with many highlights. The charity benefited from an enhanced profile after being chosen as the “charity of choice” by the Bracknell Town Mayor. We were extremely proud, and this helped acknowledge and cement the support we give local foster children and care leavers.
In addition, it should be noted that we increased our charitable activities by 18% and our income increased by 38%, ensuring that we can offer more support in the coming year.
Our Trustees Annual Report which sits alongside these Financial Statements provides much more detail on our activities for the year, as well as some lovely pictures, but we have also summarised them briefly below.
Charitable Activities
FY23/24 has seen us continue our work with virtual schools to support many young people with additional tuition pre-GCSE. We also continue to provide post-sixteen tuition which is so important as there is no government funding for this age group. We are now working with Wokingham council as well as Bracknell Forest council and are supporting several of their post sixteen learners. We hope to add the Royal Borough of Windsor & Maidenhead to our list of local boroughs with whom we partner very soon.
We continue to support several students as they either start or continue their journey towards their degree. Some of the students are already in their 2[nd] , 3rd, and final year of support from POP and are very enthusiastic about the help we have given them, and the difference it has made to their university experience. We have supported students at Kent, West London, Leeds, and The Open University providing packages which include accommodation deposits, fresher’s week support and weekly food.
Our sporting support continues; we have supplied ice stakes, football boots and paid for club subscriptions so that children can establish social connections whilst learning new skills. Next year, we hope to once again be able to offer swimming lessons, so that CLA can benefit from this most important life skill.
Finally, we supported eighteen families in need at Christmas with everything they need for a Christmas dinner and some vouchers to buy their children presents.
Fundraising Activities
The annual Christmas Ball, London Marathon Event and Sky Dive were all amazing events bringing in particularly good profit.
Grants / Significant Donations
Donations remain a significant source of income for the charity, with £10,000 from the Greenslade Family Foundation. In addition to c£2,000 raised from a skydive undertaking by one of our supporters and a donation from the National Landlord Investment Show who made us their chosen charity for their end of year awards ceremony.
The POP Hub of Excellence the board of trustees
POP’s CEO reported his findings back to the board of trustees on 20.09.23, having researched the feasibility of the POP Hub of Excellence. His recommendations were to;
-
Put the project on hold for the physical building and focus in on
-
the actual services/benefits we envisaged providing via the POP House project.
-
Work/Partner with Project Storry to develop and promote a solution to those identified problems.
The Trustees discussed this at the meeting and agreed with the CEO’s recommendations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE007595 (England and Wales)
Registered Charity number
1167772
Registered office
19 Asher Drive Ascot SL5 8LJ
Trustees
C Edwards V Maharaj Miss G Adams P Dugdale Ms G Callaghan J Weaver 12/16/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
[Weaner] |[Solan] Signed by: ............................................................................ D3BC6E1334594E7...
J Weaver - Trustee
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Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Charitable activities | ||||||
| Fundraising Activities | 37,756 | 1,000 | 38,756 | 25,407 | ||
| Donations and Legacies | 16,932 | - | 16,932 | 14,717 | ||
| Grant Income | 21,000 | - | 21,000 | 10,000 | ||
| Investment income | 2 | 97 | - | 97 | 20 | |
| Other income | - | - | 5,356 | |||
| Total | 75,785 | 1,000 | 76,785 | 55,500 | ||
| EXPENDITURE ON | ||||||
| Fundraising Activities | 25,713 | - | 25,713 | 22,577 | ||
| Charitable activities | ||||||
| Charitable Administration | 12,194 | - | 12,194 | 11,951 | ||
| Charitable Activities | 13,020 | 1,137 | 14,157 | 12,031 | ||
| Other | 9,045 | - | 9,045 | 10,736 | ||
| Total | 59,972 | 1,137 | 61,109 | 57,295 | ||
| NET INCOME/(EXPENDITURE) | 15,813 | (137) | 15,676 | (1,795) | ||
| Transfers between funds | 8 | (137) | 137 | - | - | |
| Net movement in funds | 15,676 | - | 15,676 | (1,795) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 35,120 | - | 35,120 | 36,915 | ||
| TOTAL FUNDS CARRIED FORWARD | 50,796 | - | 50,796 | 35,120 |
The notes form part of these financial statements
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Balance Sheet 31 March 2024
| 31.3.24 | 31.3.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | - | - | - | 521 |
| CURRENT ASSETS | |||||
| Debtors | 6 | 280 | - | 280 | 395 |
| Cash at bank and in hand | 52,875 | - | 52,875 | 37,599 | |
| 53,155 | - | 53,155 | 37,994 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 7 | (2,359) | - | (2,359) | (3,395) |
| NET CURRENT ASSETS | 50,796 | - | 50,796 | 34,599 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 50,796 | - | 50,796 | 35,120 | |
| NET ASSETS | 50,796 | - | 50,796 | 35,120 | |
| FUNDS | 8 | ||||
| Unrestricted funds | 50,796 | 35,120 | |||
| Restricted funds | - | - | |||
| TOTAL FUNDS | 50,796 | 35,120 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Weaver - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Motor vehicles | - 20% on reducing balance |
|---|---|
| Computer equipment | - 20% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Deposit account interest | 97 | 20 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 165 | 130 |
| Surplus/(deficit) on disposal of fixed assets | 521 | (5,356) |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Computer | |||||||
| equipment | Totals | ||||||
| £ | £ | ||||||
| COST | |||||||
| At 1 April 2023 | 1,021 | 1,021 | |||||
| Disposals | (1,021) | (1,021) | |||||
| At 31 March 2024 | - | - | |||||
| DEPRECIATION | |||||||
| At 1 April 2023 | 500 | 500 | |||||
| Eliminated on disposal | (500) | (500) | |||||
| At 31 March 2024 | - | - | |||||
| NET BOOK VALUE | |||||||
| At 31 March 2024 | - | - | |||||
| At 31 March 2023 | 521 | 521 | |||||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 31.3.24 | 31.3.23 | ||||||
| £ | £ | ||||||
| VAT | 44 | 175 | |||||
| Prepayments | 236 | 220 | |||||
| 280 | 395 | ||||||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.3.24 | 31.3.23 | ||||||
| £ | £ | ||||||
| Other creditors | 579 | 378 | |||||
| Accrued expenses | 1,780 | 3,017 | |||||
| 2,359 | 3,395 | ||||||
| 8. | MOVEMENT IN FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.23 | in funds | funds | 31.3.24 | ||||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 35,120 | 15,813 | (137) | 50,796 | |||
| Restricted funds | |||||||
| Restricted | - | (137) | 137 | - | |||
| TOTAL FUNDS | 35,120 | 15,676 | - | 50,796 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2024
Net movement in funds, included in the above are as follows:
| Net movement in funds, included in the above | are as follows: | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 75,785 | (59,972) | 15,813 | ||
| Restricted funds | |||||
| Restricted | 1,000 | (1,137) | (137) | ||
| TOTAL FUNDS | 76,785 | (61,109) | 15,676 | ||
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 19,609 | 8,941 | 6,570 | 35,120 | |
| Restricted funds | |||||
| Restricted | 17,306 | (10,736) | (6,570) | - | |
| TOTAL FUNDS | 36,915 | (1,795) | - | 35,120 | |
| Comparative net movement in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 55,500 | (46,559) | 8,941 | ||
| Restricted funds | |||||
| Restricted | - | (10,736) | (10,736) | ||
| TOTAL FUNDS | 55,500 | (57,295) | (1,795) | ||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 19,609 | 24,754 | 6,433 | 50,796 | |
| Restricted funds | |||||
| Restricted | 17,306 | (10,873) | (6,433) | - | |
| TOTAL FUNDS | 36,915 | 13,881 | - | 50,796 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as |
|---|---|---|---|
| follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 131,285 | (106,531) | 24,754 |
| Restricted funds | |||
| Restricted | 1,000 | (11,873) | (10,873) |
| TOTAL FUNDS | 132,285 | (118,404) | 13,881 |
There were no related party transactions for the year ended 31 March 2024.
9. RELATED PARTY DISCLOSURES
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Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Deposit account interest | 97 | 20 |
| Charitable activities | ||
| Donations | 16,932 | 14,717 |
| Grants | 21,000 | 10,000 |
| Fundraising - Ball | 38,756 | 22,616 |
| Fundraising - Golf | - | 2,791 |
| 76,688 | 50,124 | |
| Other income | ||
| Gain on sale of tangible fixed assets | - | 5,356 |
| Total incoming resources | 76,785 | 55,500 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Golf | - | 2,687 |
| Ball | 25,713 | 19,890 |
| 25,713 | 22,577 | |
| Charitable activities | ||
| Academic Bursaries | - | 1,240 |
| Wokingham Virtual School | 2,270 | - |
| Christmas Support for Families | 1,137 | 872 |
| Maths & English Tuition | (423) | 9,227 |
| Further Education Bursaries | 4,835 | - |
| POP Uni Starter and Returners Package | 2,695 | - |
| Post 16 Tuition | 1,000 | - |
| Storry Homes | 705 | - |
| Counselling Support for Foster Children | 500 | - |
| Support of Care Leavers | 338 | - |
| Swimming Lessons | - | 692 |
| Other | 1,100 | - |
| 14,157 | 12,031 | |
| Other | ||
| Investment Projects | 8,524 | 10,736 |
| Deficit on disposal of fixed assets | 521 | - |
| 9,045 | 10,736 | |
| Governance costs | ||
| Accountancy fees | 614 | 617 |
| Promotional Expense | 207 | 754 |
| Printing, Postage & Stationary | 184 | 791 |
| Computer and website costs | 727 | - |
| Training | - | 180 |
| Wages | 9,721 | 7,990 |
| Just Giving Charges | 283 | 285 |
| Insurance | 388 | 404 |
| Travel | - | 800 |
| Subscription | 50 | - |
| Bank charges | 20 | - |
| Computer Equipment Depreciation | - | 130 |
| 12,194 | 11,951 | |
| Total resources expended | 60,503 | 57,295 |
| Net income/(expenditure) | 15,676 | (1,795) |
This page does not form part of the statutory financial statements
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