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2022-08-31-accounts

Learning with Parents

Charity No. 1189812

Trustees' Report and Unaudited Accounts

Period ended 31 August 2022

Learning with Parents

Contents

Trustees' Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts

Pages 1 - 10 11 12 13 14 - 19

Reference and Administrative Details

Charity Name Learning with Parents Learning with Parents Learning with Parents
Registered charity number 1189812
Type of governing document Constitution
How the charity is constituted Charitable Incorporated Organisation
Trustee selection methods New trustees are appointed by the existing trustees following a recruitment
and interview process.
Charity’s principal address Newminster House,
27-29 Baldwin Street,
Bristol, BS1 1LT
Charity’s registered address Newminster House,
27-29 Baldwin Street,
Bristol, BS1 1LT
Charity’s Accountants Multiply Accountancy
71-75 Shelton Street
London, WC2H 9JQ
Charity’s Bankers Metro Bank
1 Southampton Row
London, WC1B 5HA
The following trustees served during
Amy Mitchell		 resigned June 2022
the year: Shanaj Salahuddin
Daniel Keller resigned June 2022
Tarun Abraham
Ben Cole appointed February 2022
Dame Sally Dicketts appointed June 2022
Key Personnel Tom Harbour (CEO)
Lucy Preston (Programme Director)

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Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the period ended 31 August 2022.

OBJECTIVES AND ACTIVITIES

Learning with Parents’ purpose as set out in the objects contained in the constitution is:

To advance education for the public benefit by improving educational outcomes amongst young people, in particular through the support of parental engagement in children’s learning.

As a charity and through partnerships, to provide parental engagement programmes to support UK primary schools. Learning with Parents’ programmes support parents, particularly those in disadvantaged areas, by providing them with videos and activities through their inclusive online platform. They also lead the Parental Engagement Forum; a group of organisations mobilised to improve home learning across the sector.

The problem

In the UK, not all children have a fair shot at education. By age 11, a disadvantaged child is on average nine months behind their richer peers in English and Maths[1] . The gap between poor children and their peers has grown dramatically since the pandemic, and now threatens to widen even further. Disadvantaged families face unprecedented challenges due to the increasing cost of living, with teachers reporting that more pupils are coming to school hungry, dirty, or unable to concentrate[2] .

This is a critical moment in tackling educational inequality. The sector continues to focus overwhelmingly on what happens in classrooms, but Learning with Parents knows that parents are key.

Parents face a range of complex barriers, have a variety of motivations and best practice in one community may not apply to another community. This makes supporting parents difficult, but the sector must conduct research, gain insights and over time learn what works.

Only by supporting all parents and carers can the sector hope to build a fair education system in which every child has the chance to fulfil their potential.

Learning with Parents’ solution

Learning with Parents supports all families to have positive learning interactions together. They drive inclusive parental engagement by partnering with schools and through leading the sector to learn what works. Their research and insights inform their programme and are shared with the sector to encourage best practice.

Learning with Parents’ programme has a direct impact on the families they work with, whilst also generating data to fuel their research. They aim for every element of their programme to be a variable, which they can tweak as they learn and develop.

1 Education in England: Annual Report 2020, EPI, 2020, https://epi.org.uk/publications-and-research/education-in-englandannual-report-2020/

2 Cost of living crisis harming pupil’s education, NASUWT, 2022, https://www.nasuwt.org.uk/article-listing/cost-of-livingcrisis-harming-pupils-education.html

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ACHIEVEMENTS AND PERFORMANCE

Achievements and performance in numbers

In 2021-2022:

Building Learning with Parents’ programme

From September 2021-August 2022, Learning with Parents strengthened their support to disadvantaged families through:

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Strengthening the charity

As well as continuing to build and expand their programme, Learning with Parents has also focused on strengthening the organisation. Developments included:

FINANCIAL REVIEW

Learning with Parents’ earned income comes from partner schools who contribute towards the costs of staff training, being set up on the platform, participating in induction sessions for the parents and teachers, accessing the platform and activities, receiving ongoing technical support and sharing relevant data and reflections to strengthen engagement. This contribution equated to £40,742 for the period September 2021 to August 2022, 14% of Learning with Parents’ total income.

To supplement this income and allow Learning with Parents to continue to strengthen and expand their programme, they also secured funding from a number of generous corporate donors and Trust and Foundations. These included the Access Foundation, the Allen & Overy Foundation, Credit Suisse EMEA Foundation, the Dulverton Trust, the IG Group, the KFC Foundation and Zing. This contribution equated to £225,585 for the period September 2021 to August 2022, 78% of the total income.

During this period, with the support of the Credit Suisse EMEA Foundation, Learning with Parents launched a new Impact Partnership programme, which allowed them to effectively partner with other charities working to tackle educational inequality. Learning with Parents developed a number of different partnership models which allowed them to share their expertise and provide non-school partners with access to their programme. This Impact Partnership programme also provided a valuable additional income stream, securing £14,740, 5% of their total income for the period.

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Financial Activity and Financial Position

2021-2022 has been a positive year from a financial perspective as Learning with Parents sustained the income levels from the previous year, despite their Covid-19 response grants coming to an end. This was achieved by continuing to work closely with their partner schools, maintaining strong collaborations with existing supporters and bringing on board new donors. This work meant that the organisation secured £288,900 of income for the period September 2021-August 2022, a slight increase on last year’s total of £279,790.

Learning with Parents’ expenditure in 2021-2022 increased significantly compared to the previous financial year as they returned to working in an office two days a week after the end of lockdown, were able to start travelling and filming in schools again after the end of lockdown and expanded their team to capitalise on new opportunities and growing demand.

Over this period, Learning with Parents’ expenditure exceeded their income by £14,167. This level of expenditure was intentional as Learning with Parents started the financial year with a high level of funding which had been internally earmarked for tech developments planned for later in 2021.

Reserves Policy

Learning with Parents requires some funds to be held in reserves to protect themselves from situations such as the following:

  1. The risk of unforeseen emergency or other unexpected need for funds, e.g. an unexpected large repair bill or finding ‘seed-funding’ for an urgent project.

  2. Covering unforeseen day-to-day operational costs, e.g. employing temporary staff to cover a long-term sick absence.

  3. A source of income, eg a grant, not being renewed. Funds might be needed to give the Trustees time to take action if income falls below expectations.

  4. The need to fund short-term deficits in a cash budget, e.g. money may need to be spent before a funding grant is received.

In developing Learning with Parents’ financial reserves policy, they balanced the need for financial resilience that reserves provide, with the limitation on their ability to fulfil their vision. As a small and nimble organisation they consider two months’ core running costs to be sufficient reserves. This equated to £42,000 for the period September 2021-August 2022. This policy will be reviewed the following year to ensure that it remains fit for purpose.

Learning with Parents finished the year with free reserves of £29,284. The organisation anticipated a spike of school income in September as well as an unrestricted grant which had been pledged by a donor for early in the next financial year. This meant that the charity would have reserves back up to expected levels by October 2022. In addition, the charity secured a number of restricted grants and worked to ensure that the right systems and capacity were in place to manage these different funding streams in line with best practice.

PLANS FOR FUTURE PERIODS

In the coming year, Learning with Parents will strive to strengthen, broaden and deepen their reach to continue towards their mission of narrowing the attainment gap by supporting all parents and carers to engage in their children’s learning. To deliver this ambitious programme, Learning with Parents will also

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need to continue to strengthen and grow the organisation, ensuring that they have the resources they need and motivated, happy staff to deliver the programmes.

Learning with Parents’ priorities for 2022-2023 include:

Research and insights

Learning with Parents’ platform has been designed to allow them to provide insights into the learning interactions that families are having together at home, which have traditionally been very hard to accurately collect. Through their research collaborations, they will produce insights which are useful to the wider sector. They have recently developed a long-term research partnership with Loughborough University. This will lead to the publication of academic papers based on their platform engagement data.

Traditional parent voice work, such as surveys, only results in a small subset of people responding and does not represent the voice of marginalised communities. Learning with Parents wants to put the voices of disadvantaged parents at the heart of what they do. Before the pandemic,they had started developing their parent voice work in the communities they support, holding parent panels and working with community members to find out how they can best support parents. This year they have begun preparations to roll this work out again.

Reading with Parents

Learning with Parents has spent the last year gathering information to better understand the barriers to parental engagement with reading and how a programme like theirs could add value in this area. Based on this, they designed a reading log that addresses some of the problems identified for teachers and families. The reading log will present a step change in how families use Learning with Parents’ programme, opening the door for us to support daily rather than weekly parent-child interactions. It will be piloted with a small number of schools in the coming year, with the aim of rolling it out in September 2023.

Early-years

Parental interventions are more effective the earlier in a child’s life they start. For this reason, Learning with Parents are excited to be expanding their provision to include Early Years. Over the coming years they will develop videos and activities for children under 4 and begin partnering with early years settings across the UK. In 2022-2023, the priority will be to build a stronger organisational understanding of the Early Years context and landscape, and start any necessary tech developments on the Learning with Parents platform to make it appropriate.

Financial literacy resources

Research shows that money habits are mostly shaped at home between the ages of 4 and 7, particularly around core skills such as counting and choice making[3] . By adapting their existing Maths and English resources, Learning with Parents believe that they can have a significant impact on the financial literacy skills of the primary-school pupils they work with.

Password-free logins

One of the biggest barriers parents face when trying to access the Learning with Parents platform is forgetting their login details. This project will remove compulsory passwords for users, leading to more frequent parent-child interactions, particularly for disadvantaged families.

3 Habit Formation and Learning in Young Children, Whitebread and Bingham, 2013, https://maps.org.uk/wpcontent/uploads/2021/03/the-money-advice-service-habit-formation-and-learning-in-young-children-may2013.pdf

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Strengthening the board

Learning with Parents will continue actively recruiting new members to board to ensure that it can oversee the implementation of the new five-year strategy and support a resilient organisation and a period of rapid growth. They will be looking for trustees who have an understanding of the lived experience of the families they seek to serve; have knowledge of how schools operate and have experience in charity operations, especially in terms of fundraising and finance.

Increasing the organisation’s fundraising capacity

Learning with Parents wants to continue to strengthen their relationships with their existing funding partners and secure new collaborations to ensure the sustainability of the work. To achieve this, they will seek to increase their fundraising capacity including reallocating existing staff time and bringing on board a new member of staff to focus on establishing new collaborations and supporting existing partnerships.

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Trustees statement of responsibilities

The Trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each Trustee—

(a) to exercise his or her powers and to perform his or her functions in his or her capacity as a Trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO; and

(b) to exercise, in the performance of those functions, such care and skill as is reasonable in the circumstances having regard in particular to—

i) any special knowledge or experience that he or she has or holds herself out as having; and,

ii) if he or she acts as a Trustee of the CIO in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.

The Trustees are also responsible for the contents of the Trustee Annual report, and the responsibility of the Independent Examiner in relation to the Trustee report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed and the financial statements.

Structure, Governance and Management

The Board is composed of a minimum of three Trustees, one of whom will be the Chair. New Trustees are appointed by the existing Trustees following a recruitment and interview process. Appointments to the Board are for a period of two years, which may be extended for up to two further two-year periods. Trustees are not remunerated but are entitled to claim reasonable out-of-pocket expenses in relation to attendance of meetings.

For the period September 2021-August 2022, Learning with Parents recruited two new Trustees, Dame Sally Dicketts and Ben Cole, and extended the term of one of their current trustees, Shanaj Salahuddin. Two of the Trustees, Amy Mitchell and Daniel Keller stepped down at the end of their two-year term, having done an incredible job supporting the organisation to grow in its first few years of operation. Learning with Parents will continue to recruit new trustees to build their board and ensure an even greater range of experience and expertise.

The Board meets four times a year (quarterly) to discuss strategic and operational issues, review risks, monitor income and expenditure, sign off on any new or updated organisational policies, and discuss any other matters arising. All decisions and agreed actions are recorded in the meeting minutes. The Trustees’ roles and responsibilities are outlined in Terms of Reference.

Risk Management

The Trustees have a responsibility for the identification and proper management of risks faced by Learning with Parents in achieving its primary aims. A Risk Management Framework has been developed which is reviewed by the Trustees on a quarterly basis and by Learning with Parents’ Senior Management Team on a monthly basis. This framework captures major risks to which Learning with Parents is exposed, including those relating to operational, financial and reputational areas.

The Trustees believe that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the Charity, they have established effective systems and procedures to mitigate those risks.

Key risks for the period September 2021-August 2022 and their main mitigations were as follows:

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1. Financial sustainability - as Learning with Parents had benefited from a number of Covid-19 response grants, they needed to ensure that they had a strong and diverse income stream so that they did not run out of funds once these grants came to an end. To mitigate against this risk, a robust pipeline of potential donors was developed and effective relationship management systems put in place. Learning with Parents focused on building partnerships with organisations with shared visions around tackling education inequality.

2. Data protection - As a tech platform which has access to a lot of personal data, one of Learning with Parents’ priorities is to ensure that they are up to date with current best practice in the fields of privacy and data protection to prevent any risk of data breaches. They have clarified the circumstances under which they act as a Data Processor versus a Data Controller. Also during this period, they reviewed and updated their internal and site-based data privacy notice and IT security processes.

3. Safeguarding - Whilst Learning with Parents does not work directly with children, they do sometimes come into contact with them on school visits or whilst filming. Where parents have given consent to do so, Learning with Parents does also have access to images of children carrying out the activities set through the platform. It is therefore essential that all staff, trustees, consultants, volunteers and interns at Learning with Parents understand their responsibility to promote the welfare of all children and young people, to keep them safe and to operate in a way that protects them.

To mitigate against the risk that staff perpetuate or fail to report a safeguarding incident, Learning with Parents developed a Safeguarding Policy and Procedure and a Code of Conduct in September 2020 which sets out what would constitute a safeguarding incident and what steps should be taken if someone has any concerns for the welfare of a child. These policies were reviewed and updated in this period and will continue to be reviewed annually.

Learning with Parents requires all those working with or for the organisation to read and commit to upholding and adhering to their Safeguarding Policy and Procedure. They also carry out a Disclosure and Barring Service (DBS) check for all staff and any consultants working on their behalf. They have a safeguarding lead on their Board of Trustees and the CEO acts as Safeguarding Officer.

4. Staff satisfaction - Learning with Parents is committed to ensuring the workplace satisfaction and welfare of their staff. They recognise that there has been a lot of growth and change within the organisation which can be unsettling. Regular team and one-to-one check-ins, established in the previous year, were left in place as they continued to be perceived as valuable to maintaining a sense of belonging and positive relationships across the team. A survey was sent out to the team in March to gather anonymous feedback on how the staff were feeling and what would help them feel better informed and happy at work. The feedback was overwhelmingly positive which was very encouraging. Where issues were raised, where possible steps have been taken to address them.

In July and August 2022, Learning with Parents started reviewing the impact of the cost of living crisis on their team and discussing what could be done to support staff during a difficult time. The Trustees approved increasing salaries by an average of 5%, weighted so that those on lower salaries will receive a greater percentage increase than those on higher salaries. This was implemented in October 2022.

5. Staff turnover - Learning with Parents recognises that in small organisations, members of staff can have many roles and hold a lot of institutional knowledge. This can leave organisations vulnerable to significant disruption with staff turnover. To try to mitigate against this risk, as well as working hard to create a positive working environment, Learning with Parents focused on documenting roles and responsibilities, drafting standard operating procedures and capturing organisational knowledge.

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Responsibilities of Trustees for the Financial Statements

The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales 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 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 adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. 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 Charity and financial information included in the Charity’s website.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the Charities SORP (FRS 102).

Signed on behalf of the trustees

Sally Dicketts, Chair

Date: 26/04/2023

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Learning with Parents

Independent Examiner's Report to the trustees of Learning with Parents

I report to the charity trustees on my examination of the accounts of Learning with Parents for the period ended 31 August 2022 which comprise the Statement of Financial Activities (incorporating the Summary Income and Expenditure Account), the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity 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 charity 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 your charity'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

As the charity'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 as a member of the Institute of Chartered Accountants in England and Wales.

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

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.

Chris Conway (Apr 27, 2023 16:17 GMT+1) Chris Conway

Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ

Date: Apr 27, 2023

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Learning with Parents

Statement of Financial Activities (incorporating the Summary Income and Expenditure Account) for the year ended 31 August 2022

Notes
Income and endowments from:
Donations and legacies
3
Charitable activities
4
Other
Total incoming resources
Expenditure on:
Raising funds
5
Charitable activities
6
Other
7
Total outgoing resources
Net gains on investments
Net incoming resources
8
Transfers between funds
Net incoming resources before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds 2022
Restricted
funds 2022
Total funds
2022
£
£
£
99,115
140,992
240,107
48,793
-
48,793
-
-
-		 Total funds
2021
£
222,165
57,625
-
147,908
140,992
288,900
3,000
-
3,000
136,530
86,803
223,333
76,734
-
76,734		 279,790
5,950
136,643
36,268
216,264
86,803
303,067
-
-
-		 178,861
(3,289)
(68,356)
54,189
(14,167)
-
-
-		 97,640
-
(68,356)
54,189
(14,167)
-
-
-		 97,640
-
(68,356)
54,189
(14,167)
97,640
-
97,640		 97,640
-
29,284
54,189
83,473		 97,640

The comparative figures represent the period from 6 June 2020 to 31 August 2021.

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Learning with Parents

Balance Sheet at 31 August 2022

Notes
Fixed assets
Investments
10
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors:Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Total net assets
The funds of the charity
Unrestricted funds
14
Restricted funds
14
Total funds		 2022
£
-
2,419
2,419
32,642
68,676
101,318
(20,264)
81,054
83,473
83,473
29,284
54,189
83,473		 2021
£
-
1,974
1,974
12,300
88,396
100,696
(5,030)
95,666
97,640
97,640
97,640
-
97,640

Approved by the trustees on ….15th March 2023.... and signed on its behalf by:

Sally Dicketts Chair Date: 26/04/23

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Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention. They are prepared in sterling, which is the functional currency of the charity. Amounts presented are rounded to the nearest pound.

Going concern

The Trustees have reasonable expectation that the charity will have access to adequate resources to continue in existence for the foreseeable future. In making this assessment, the Trustees have considered a period of at least 12 months from the date of authorising the financial statements. Accordingly, the charity continues to adopt the going concern basis in preparing the financial statements.

Fund accounting Unrestricted funds

These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related expenditure

Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Donations and legacies

Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on donations and gifts

Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.

Donated services and facilities

These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help

The value of any volunteer help received is not included in the accounts.

Investment income

This is included in the accounts when receivable.

Gains/(losses) on revaluation of fixed assets

This includes any gain or loss resulting from revaluing investments to market value at the end of the year.

Gains/(losses) on revaluation on investment assets

This includes any gain or loss on the sale of investments.

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Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

Accounting policies

Expenditure

Recognition of expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on raising funds

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on charitable activities

These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs

These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure

These are support costs not allocated to a particular activity.

Investments

Investments in subsidiaries are held at cost less impairment.

Depreciation of fixed assets

Tangible fixed assets are written off over their estimated useful economic lives at the following annual rates:

Computer equipment 25% per annum straight line

The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances indicate the carrying value may not be recoverable.

Taxation

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Non-comparable comparatives

The comparative figures in the financial statements and following notes represent the period from 6 June 2020 to 31 August

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Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

Learning with Parents is a charitable incorporated orgnisation and is not a registered company at Companies House.

3 Income from donations and legacies 2022 2021
Grants and donations 240,107 222,165
In the year to 31 August 2022, £130,922 of grants received comprise restricted funds (2021: £nil). Further information is
available in note 14.
4
Income from charitable activities
Programme delivery
5
Expenditure on raising funds
Advertising and marketing
6
Expenditure on charitable activities
Direct staff costs
Cost of programme delivery
Independent examination - current year
Other accountancy fees paid to independent examiner
Legal and professional fees		 2022
48,793
2022
3,000
2022
116,429
94,067
500
2,936
9,400
223,333		 2021
57,625
2021
5,950
2021
111,942
9,006
500
1,965
13,230
136,643

In the year to 31 August 2022, £45,690 of staff costs and £41,113 of programme delivery costs comprise restricted funds (2021: £nil and £nil). Further information is available in note 14.

7
Other expenditure
Staff costs (Note 9)
Premises costs
Depreciation
Charitable donations
General administrative costs
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 2022
52,364
6,774
769
-
16,827
76,734
2022
769		 2021
28,145
502
657
500
6,464
36,268
2021
657

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Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

9
Staff costs
Salaries and wages
Social security costs
Pension costs
Staff recruitment and training costs		 2022
152,383
8,721
3,436
4,253
168,793		 2021
133,267
2,316
2,808
1,696
140,087

No employee received emoluments in excess of £60,000.

One trustee (2021: none) was reimbursed for travel expenses totalling £18 incurred in the period to 31 August 2022. No trustee (2021: none) received any remuneration in the period.

Key management personnel comprise the trustees, the CEO, and the Programme Director as laid out on page 2. Total remuneration paid to these individuals was £71,570 (2021: £69,417).

The average number of staff employed, including part time staff was 7 (2021: 5).

10 Investments

Investment in subsidiary

2022 2021 - -

Learning with Parents is the sole shareholder of Maths with Parents. Therefore this entity is treated as a 100% subsidiary. The charity has taken exemptions available to small entities under FRS102 section 9.3 to not consolidate the financial results and position of Maths with Parents into these financial statements. See note 16 for more information and transactions and balances between the charity and its subsidiary.

11
Tangible fixed assets
Cost
At 1 September 2021
2,631
Additions
1,214
Disposals
-
At 31 August 2022
3,845
Depreciation
At 1 September 2021
657
Charge for the year
769
Eliminated on disposal
-
At 31 August 2022
1,426
Net Book Value
At 31 August 2022
2,419
At 1 September 2021
1,974
12
Debtors
2022
Trade debtors
29,124
Amounts owed from subsidiary undertaking
3,000
Other debtors
518
32,642
Computer equipment		 Total
2,631
1,214
-
3,845
657
769
-
1,426
2,419
1,974
2021
12,300
-
-
12,300

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Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

13
Creditors falling due within one year
Other taxes and social security
Other creditors		 2022
10,792
9,472
20,264		 2021
4,646
384
5,030

14 Movement in funds

At 1 September
2021
Unrestricted funds:
General funds
97,640
Restricted funds:
Nesta/DFE
-
Credit Suisse
-
The Access Foundation
-
Access Reach Fund
-
Allen and Overy
-
Kentucky Fried Chicken
-
-
97,640
At 5 June 2020
Unrestricted funds:
General funds
-
-		 Incoming
resources
including other
gains/(losses)
147,908
10,000
50,000
58,292
10,700
10,000
2,000
140,992
288,900
Incoming
resources
including other
gains/(losses)
276,501
276,501		 Outgoing resources
(216,264)
(10,000)
(50,000)
(4,103)
(10,700)
(10,000)
(2,000)
(86,803)
(303,067)
Outgoing resources
(178,861)
(178,861)		 At 31 August 2022
29,284
-
-
54,189
-
-
-
54,189
83,473
At 31 August 2021
97,640
97,640

Nesta/DFE

Funding through their EdTech R&D programme to implement improvements and developments to the Learning with Parents platform.

Credit Suisse

Funding for the development and pilot of a self-sustaining partnership model, increasing Learning with Parents' impact and enabling them to reach more disadvantaged families across the UK.

The Access Foundation

Funding to optimise parent access to the Learning with Parents programme through the development of passwordless and accountless logins, thereby removing some of the barriers to disadvantaged families engaging in their children's learning.

Access Reach Fund

Funding to boost Learning with Parents' marketing and sales capacity to reach more schools and enable greater impact.

Allen and Overy

Funding towards the creation of a digital reading log which will be integrated into Learning with Parents' core programme for all the

Kentucky Fried Chicken

Funds to support young parents in Doncaster to read with their children.

Page | 18

Learning with Parents

Notes to the Accounts for the period ended 31 August 2022

15 Analysis of net assets between funds

Fixed assets
Net current assets
Fixed assets
Net current assets		 Unrestricted Funds
2,419
26,865
29,284
Unrestricted Funds
1,974
95,666
97,640		 Restricted Funds
-
54,189
54,189
Restricted Funds
-
-
-		 Total 2022
2,419
81,054
83,473
Total 2021
1,974
95,666
97,640

16 Related parties

The charity controls a subsidiary company, Maths With Parents (registered in England and Wales, company no. 09622195), by virtue of its 100% ownership of the company's share capital.

During the year, the charity provided funds to its subsidiary of £5,000, of which £2,000 was repaid. At the balance sheet date, the subsidiary owed the charity £3,000. In the prior period, funds were transferred between the charity and its subsidiary when needed for the purpose of cashflow without any terms, and no services were provided. The remaining balance owed was forgiven at the period end, so no amounts were due at the balance sheet date. Included within donations income in note 3, for 2021, is a donation of £27,145 from Maths with Parents forgiving the balance owed immediately prior to the 2021 period end.

The financial result for Maths with Parents and the year ended, and financial position at, 31 August include:

Aggregate share capital and reserves
Profit/(loss) after tax for the period		 31 August 2022
£
(27,311)
(1,270)		 31 August 2021
£
(26,041)
(101,288)

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