COMPANY REGISTRATION NUMBER: N1030087 CHARITY REGISTRATION NUMBER: NIC103613 Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Financial Statements 31 March 2023 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower g James Street South Belfast BT2 8DN
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees. annual report (incorporating the director's report) Independent auditor's report to the members 11 Statement of financial activits'es (including income and expenditure account) 17 ststement of financial position 18 Statement of cash flows 19 Notes to the financial statements 20
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Parenting for Nl Limited Charity registration number NIC103613 Company registration number N1030087 Principal office and registered 39a First Floor office Unit 3 Stockmans Way Belfast BT9 7ET Northem Ireland The trustees Suzanne Dunne (Chairperson) Marc Magill (Honorary Treasurer) Kathleen Gillespie Judith Hill Elizabeth Kavanagh Breige Napier Lisa Nugent Dr Liam O'Hare Sarah Sellars Paul Taylor John Wallace Company secretary Charlene Brooks Auditor Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Ulster Bank Ltd 11-16 Donegall Square East Belfast BT15UB
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Structure, governance and management Company Structure Parents Advice Centre changed its name to Parenting For Nl Ltd, (operating as Parenting Nll. on 19th August 2012. It is a company limited by guarantee incorporated on 20th October 1995 (Registered No NI 30087) and as such does not have share capital. The company is registered wlh the Charities Commission Nl (number NIC 103613) and with HM Revenue and Cusloms as a charitable body for taxation purposes (HM Revenue & Customs Charity No XR93772). The goveming instruments are the Memorandum and Articles of Association. which state the objects of the company and detail the rules by which it will operate. The address of the company's registered office. which is also ils principal address. Organlsatlonal Structure and Govemance The Trustees are responsible for the strategic direction of the organisation. The Trustees are led by Ihe Chairperson, wilh the Honorary Treasurer, and the Company Secretary {Chief Executive) making up the other Board Office bearers. The Board meets at least four times a year and receives dashboard reports from the Chief Executive and the Senior Management Team on all the areas of work, highlighting the progress of targets against the operational plans. This in tum provides the Trustees information on the progress of the Strategic Plan. The Board is supported by the Finance Sub Committee. which meets prior to each Board meeting and is chaired by the Honorary Treasurer. This committee is made up of Ihe Chief Executive. the Chair, the Honorary Treasurer, a Trustee and the Director of Income Generation and Operations. The Finance Sub Committee reports to the Board of Trustees. Operational responsibility for implementing the Strategic Plan is delegated to the Chief Executive. Support, supervision and appraisal systems are in place to ensure Parenting Nl targets are met and quality Standards adhered to. Regular reviews of policies and procedures are carried out to ensure compliance with legislation and good practice. Recruitment and Appointment of Board of Trustees Members of the Board are selected for their skills and knowledge of issues relating to management of the work of the organisation. A skills audil is carried out annually to guide the selection of appropriate Trustees. The Board is currently represented by professional expertise in the areas of Strategic Planning, Child Protection. Child Development. Human Resources. Law, Business Marketing and Financial Management. In seeking new members, Trustees consider the skills mix and try to identify new members to fill the gaps. It is felt that the current Trustees reflect the range of experience and knowledge, which is required for good governance of the organisation. Induction of Board of Trustees Induction Iraining is arranged annually for new Trustees. As part of Ihe induction they receive a comprehensive set of information about the organisation to ensure they are fully aware of the services and the functioning of the organisation. Governance The Board of Trustees is operating wthin good govemance practice. The bi-annual training on governance. facilitated by Northern Ireland Council for Voluntary Action {NICVA) was carried out in 2022.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (Continued) Year ended 31 March 2023 Structure, governance and management (eontlnued) Risk Management The Board of Trustees is responsible for assessing the risks to which the Charity might be exposed. The Chief Executive has responsibility to ensure that the prOdureS to mitigate risk are followed, and to report on Risk Management to the Board. The Senior Management Team and the Trustees review the Risk Management Register lce a year with any other risk factors being brought lo the attention of the Finance Sub Committee at their quartedy meetings which is subsequently reported to the Board of Trustees via the dashboard. Risks are considered under the areas of External Factors, Management Expectations and Internal Events. Within the assessment. procedures are identified to mitigate against the risks that may be identified. Related parties and co-operation with other oryanisations None of our Trustees receive remuneration or other benefit from their work with the charity. Staff and Trustees may not, without the prior express consent of the Chief Executive. engage in any business. employment or activity {paid or unpaid) which is similar to or in conflict with the interests of Parenting Nl. For Board and staff members any conflict of interest is required to be declared at the time of their recruitment and a declaration signed. At every Board Meeting, Trustees are required to confimi Ihere is no conflict of interest. Staff are required to confirm the same at supervision meetings.. In the current year a research consultancy company, a subsidiary of an academic institute, was commissioned to update a small bespoke research engagement for Parenting Nl following the initial Randomised Control Trial carried out by the academic inslitute 12 years previously. One of Parenting N I's current Trustee5 is a Director of the research consultancy company. This Trustee is overseeing the work on a a pro bono basis, with two other members of the consultancy company receiving remuneration for the work, as agreed in a contract of work. Following detailed consultation with the Finance Sub Committee, the Chief Executive awarded this work on a single tender basis as. due to the bespoke nature of the research engagement, this consultancy company was best placed to follow up on the previously established research engagement measures. Pay policy for senior staff The Board of Trustees give of their time freely and none of them received remuneration in the year. Senior staff pay is calculated using NJC pay scales. Inflationary increase, if applicable. is added at the start of October each year. Salary scales are reviewed annually and any increases are subject to experience and performance as assessed during appraisal and are approved by the Board of Trustees. The increase, if applicable, is one point within the same band and is effective from 1st April. Band increases require a change in job description.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continuedl Year ended 31 March 2023 Objectives and activities Objectives.. The Charity's purposes, as sel out in the objects contained in the Memorandum and Articles of Association, are "to advance education for parents and to promote the physical, emotional and mental health of children by developing and offering programmes of assistance." Parenting Nl firmly believes that the best and m05t effective way to support children is by supporting those who parent them. Wision.. Our vision is of a society where parenting is valued. parents. voices are heard and where every family is given the support they need. Mission." Parenling Nl work with and for parents and families. Our mission is to ensure parents have access to timely support and information to guide them through their parenkn'ng joumey. Values." Through our values, we reflect an organisation that can be relied upon in all respects, and one we can be proud to work for. These values help build our common culture and guide us in all our deGisions. Professional - We will work together as a team to apply principles of excellence, compassion, communication and accountability, and by working together with other professionals aim to achieve optimal support for all parents. Accessible - We will strive to deliver responsive and accessible parenting support and services across the region. Respecrful - We will show consideration for one another and recognise and respect each other's differences. Equality - We will ensure all parents have an equal right to access our support and seNices. Needs Led- Every parent has the right to a voice. We wll listen to what parents need and develop services to meet those needs. Trushvorthy- We will be open and honest in everything we do.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Objectives and activities (continued) How Activities Deliver Public Benefit Parenting Nl delivers practical guidance and educational support to parents across Northem Ireland. We develop and deliver supports and services to parents. carers and practitioners in response to Iheir needs and the family situations which are being presented and which have become more complex. Parenting Nl work collaboratively by developing close partnership arrangements with a number of organisalions. such as our work wth Tinylife. The purpose of these partnerships is to facilitate easier access to services for families and is a more efficient way to work. Overall, the activities of the organisation have the purpose of supporting parents. which not only has the benefit of helping parents in their parenting role but also improves outcomes for children. Achievements and performance Focus of our Work Since the organisation's inception in 1979, the main focus of Parenting Nl has continued to be listening to and SUPF)Orting parents and families across Northern Ireland In 2022123 this was achieved through the delivery of a diverse range of innovative services and supports,. specifically designed in response to local parents and families, needs. We also continued to develop our policy and research streams of WOTk and were directly involved in carying out numerous studies and consultations with parents. Parenting Nl implemented its tried and tested range of effective. innovative methods delivering services and supports as well as continually developing new methods to rnaximise impact regarding parental participation. Particularly given our experience of the Covid-19 pandemic. Parenting Nl demonstrated innovation, flexibility and adaptability to ensure engagement continued to be meaningful by not only meeting but exceeding targets across all areas. Parenting Nl remain committed to supporting all parents and ensuring that their voices are heard whenever decisions are made that will affect them. We, throughout the year, continued to deliver a range of high qualily support and services to meet parents. needs. This year, as with 2021122. was exceptional particularly given the implications of the pandemic. In addition. our Parent Mental Health, Wellbeing and Cost of Living Survey identified that local parents were struggling with the rising cost of living and that their mental health and wellbeing were affected. Parents and families arguably need more support than ever. and therefore there were increasing pressures on all services and supports. A number of funders continued short lem funding opportunities given the situation, which Parenting Nl was able to avail of. This helped sustain the work of Ihe charity in the short term, however significant financial pressures remain looking to 2023124 and subsequent years.?
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {contlnu8d) Year ended 31 March 2023 Achievements and performance (continued) Parenting Nl focused on a number of key areas of work to support parents in their parenting role. In 2022-23 the activities delivered include.. 1. Parenting Nl Infomiation and Support Line Service - offering telephone, email, webchat support and information 2. Parenting Programmes and Workshops 3. Dads Project 4. Home Wisiting - Family Support 5. Parent Employee Wellbeing 6. Research and Policy including briefing papers and facilitation of relevant round table events 7. Parental Engagement/Consultations In addition to direGI services listed above. Parenting Nl consulted with parents lo ensure they had a say on issues important to them and their family. Feedback was used to influence government policy, planning and service delivery. 8. OCN Level 4 W01n9 with Parents 9. 9. Practitioner Training w0shopS and seminars Parenting Nl offered a range of training to enhance the knowledge and skills of those working with parents and families. including Train the Trainer training programmes, as well as accredited training with Ihe OCN Level 4 Certificate in Working with Parents. Parenting Nl also ran a range of communications activities throughout the year to reduce the stigma for parents seeking support and to highlight services available. Parenting Week was celebrated and promoted from Monday 17th to Friday 21st October 2022, attracting a large audience of parents, practitioners and organisations.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Financial review Internal Financial Control Internal financial controls are in place to ensure Tnjstees meet Iheir legal duties to safeguard the charity's assets. administer the charity's finances and assets in a way that identifies and manages risk and ensures the quality of financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information. Internal control systems and accounting procedures are documented in the Financial Policy. Systems and procedures are constanlly monitored. refined and updated as necessary in line with legislation and best practice. Review of Financial Position The Statement of Financial Activities I"SOFA") focuses on showing the total incoming resources, both revenue and capital. which have been fflade available lo the company during the year and the ways in which those resources have been utilised, whether as direct charitable expenditure in carrying out and supporting the company's projects and activities or in the managemenl and administration of the organisation itself. The SOFA also outlines those incoming resources for the year received from sources which place restrictions on the way in which the company can use funds, and the level of incoming resources that can be used by the company without restriction, within the company's charitable objects. Parenting Nl has ended the yearwith a surplus. During the year regular budget meetings were held with the Chief Executive and the Directors enabling us to Closely monitor spend in our various area5 of work against budgets and react in a timely fashion. There was no capital expenditure without specific funding and staff were diligent in making cutbacks and savings whenever and wherever possible. This scrutiny and control of costs has helped to enable us to achieve a very positive result while still operating in a climale of the ongoing funding cutbacks. During the year the Finance Sub Committee met regularty to examine all matters of financial implications for the organisation. The Committee ensures that Finance Policy is kept updated by continuing to make refinements in line with good practice and legislation. The Committee is made up of the Chair of the Board of Tnjstees, the Chief Executive, Ihe Honorary Treasurer. the Director of Income Generation and Operations, and a trustee with significant experience in financial management. The Finance Sub Committee reports to the Board of Trustees through the Treasurer. Thanks are due to our various funders for their continued support which allows the organisation lo provide a range of parenting services across Northem Ireland. The organisats'on is committed to ensure all funds are correctly applied to maximise benefits. Details of the surplus for the year are set out in the Statement of Financial Activities on page 18 and in the re131ed notes.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Continued) Year ended 31 March 2023 Financial review (continued) Review of Policies Reseryes Policy Reserves are needed to bridge Ihe gap beeen the spending and receiving of income and lo cover unplanned expenditure and loss or reduction in funding. The Board of Trustees has examined the charity's requirement for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves'} held by the charity should be sufficient to allow for a period of deficit if the future financial climate results in this situation, and also cover four to eight monlhs of resources expended i.e. salaries. related redundancies, and all other expenditure to which we are committed. We have calculated the figure to be between £229.213 and £458,426., based off projected expenditure for 2023124. At this level. the Board feels that they would be able to continue the currenl activities of the charity in the event of a significant drop in funding and fund financial commitments to staff in extreme circumstances. Initially we would obviously consider how lost funding would be replaced or activities changed. Free reserves have increased by £1,403 during the year and amount to £420,693 and therefore within Ihe target level of the policy. Investment Policy Where funding is received in advance of the expenditure period it will be invested in a bank deposit account. We will endeavour to seek the best interest rate available. Liquidity requirements are considered before committing funds to short temi deposits of between three and nine months. Adequate funds are kept on instant access deposit to maintain cash flow. To minimise the risk of having more than £85,000 in any one bank, we have funds in a 12-month fixed rale savings account from our own bank. Any further funds are held in a 90-day notice account with a different bank. This is in line with Board policy which endeavours to ensure that our funds are protected according to FSCS guarantee. Funding Sources The task of fundraising is particularly challenging in the current economic climate and we know that many potential donors are being considerably more cautious agreeing donations I funding. However, building sustainability through fundraising is vital for Parenting Nl. Current and future funding has been a challenge and focus for the Board of Trustees. Valuable funding continues to come from the Department of Health, Big Lottery and Charitable Tnjsts, all of which is crucial to the work of Parenting Nl and is much appreciated by the Board of Trustees. Plans for future periods Parenting Nl plan to continue to review systems and processes to ensure that Ihey are able to meet their objectives effectively and efficiently. During 2022 Parenting Nl completed of review of the strategic plan, considering its Vision, Mission and Values - ensuring we continue to be relevant and meet the needs of parents and families from across Nl. In 2023-2024, Parenting Nl aim to complete a brand refresh including the launch of a new and innovative website, taking advantage of technological developments.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinu•d) Year ended 31 March 2023 Funds held as Custodian trustee There were no funds held as custodian trustee on behalf of others. Trustees. responsibilities statement The trustees. who are also directors 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 (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair wew of the state of affairs of the charitable company and the incoming resources and applicalion of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to-. select suitable aGGounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and henGe for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee al the date of approval of this report confinns that: so far as they are aware. there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit infomialion and to establish that the charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled lo the small companies exemption.
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 31 March 2023 The trustees, annual report was approved on 13 September 2023 and signed on behalf of the board of trustees by: Suzanne Dunne (Chairperson) Trustee 10
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited Year ended 31 March 2023 Opinion We have audited the financial statements of Parenting for Nl Limited (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expendilure account). statement of financial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditin9 (UK) (ISAS (UKI) and applicable law. Our responsibilities under those slandards are further described in the audilor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihat the audit evidence we have oblained is sufficient and approprtate lo provide a basis for our opinion. Conclusions relating to going ¢on¢em In auditing the financial statements. we have concluded thal the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any malerial uncertainties relating to events or conditions that. individually or collectively, may cast significanl doubt on the charity's ability to continue a5 a going concem for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and Ihe responsibilities of the trustees wth respect to going concem are described in the relevant sections of this report. 11
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited (continued) Year ended 31 March 2023 Other information The other infomiation comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infomation. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistenl wtlh the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the olher information. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to port in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomiation given in the trustees. report for the financial year for which the financial statements are prepared is consislent with the financial statements.. and the Irustees, report has been prepad in accordance wilh applicable legal requirements. Matters on which we are required to report by exception In Ihe light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and retums,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the Small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 12
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited (Gontinued) Year ended 31 March 2023 Responsibilities of trustees As explained more fully in the trustees. responsibilities statement. the trustees {who are also the directors for the purposes of company law) are responsible for the preparation of the financial slatements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. 13
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited (continuèd) Year ended 31 March 2023 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below= In identifying and assessing risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations. we considered the following.. the nature of the industry and sector, control environment and business perfomiance including the design of the remuneration policies. key drivers for directors. remuneration, bonus levels and performance targets., results of our enquiries of management about their own identification and assessment of the risks of irregularities., any matters we identified having obtained and reviewed documentation of their policies and procedures relating to= identifying. evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance,. detecting and responding to the risks of fraud and whether management have knowledge of any actual. suspected or alleged fraud: the intemal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists. including tax and valualions specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of Ihese procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified Ihe greatest potential for fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. We also oblained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance wth the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty. 14
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited (continued) Year ended 31 March 2023 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional sptiCIsM throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audil evidence obtained, whether a material uncertainty exists related to events or condib'ons that may cast significant doubt on the charity's ability to continue as a going concem. If we Gonclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation, structure and Gontent of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 15
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting for Nl Limited (continued) Year ended 31 March 2023 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have fomied. Conor Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 13 September 2023 16
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legaGies Charitable activities Other trading activities Investment income 3.565 105.630 71.351 2,044 3.565 621,g54 71,351 2.044 2,663 556,294 58.835 616 516,324 Total income 182.590 516,324 698,914 618,408 Expenditure Expenditure on charitable activities Total expenditure 171.213 493,681 664,894 612,435 171,213 493,681 664.894 612,435 Net losses on investments 11 (1,242) (1.242} Net income 10.135 22.643 32.778 5,973 Transfers between funds (9.123) 9,123 Net movement in funds 1.012 31,766 32.778 5,973 Reconciliation of funds Total funds brought forward Total funds carried forward 440.698 19,825 460,523 454,550 441.710 51,591 493.301 460.523 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 20 to 35 fomi part of these financial statements. 17
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets Investments 16 17 1,033 33,218 1,408 34,460 34.251 35,868 Current assets Debtors Cash at bank and in hand 18 93.857 411,462 76,584 452.160 505,319 528,744 Creditors: amounts falling due within one year Net current assets 19 46,269 104,089 459,050 424.655 Total assets less Current liabilities 493,301 460,523 Net assets 493,301 460,523 Funds of the charity Restricted funds Unrestricted funds 51,723 441.578 19,825 440.698 Total charity funds 493.301 460,523 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small ¢ornpanies' regime. These financial statements were approved by the board of trustees and authorised for issue on 13 September 2023, and are signed on behalf of the board by.. Suzanne Dunne (Chairperson) Trustee Marc Magill (Honorary Treasurer) Trustee The notes on pages 20 to 35 forrn part of these financial statements. 18
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net income 32,778 5,973 Adjustments for.. Depreciation of tangible fixed assets Net losses on investments Dividends, interest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expensesl(income) 375 1,242 500 (5551 (61) 870 (1,580) (2,044) 366 831 Changes in.. Trade and other debtors Trade and other creditors (18,273) (57.651) (42,376) 140,056) 46,973 Cash generated from operations 12,064 Interest paid Interest received (366) 2,044 {870) 61 Net cash (used in)lfrom operating activities (40,698} 11,255 Net (decreasellincrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year {40,698) 452,160 11.255 440.905 411,462 452,160 The notes on pages 20 to 35 form part of these financial statements. 19
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 39a First Floor, Unit 3. Stockmans Way. Belfast. BT9 7ET, Northem Ireland. Statement of compliance These financial slatemenls have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and Ihe Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendilure. The financial slatements are prepared in sterling, which is the functional currency of the entity. Going con¢em There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affecl the amounts reported. These eslimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of Ihe charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 20
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 March 2023 A¢¢ountlng policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity.. it is probable that the economic benefits associated with the transaction will flow to Ihe charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all Gosts incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. 21
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements {¢ortinued) Year ended 31 March 2023 Accounting policies (continued) Intangible assets Intangible assets are initially recorded at cost, and are subsequently ststed at cost less any accumulated amortisation and impaimient losses. Any intangible assets carried at revalued amounts. are recorded at the fair value at the date of revaluation. as detemiined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impainnent losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights. are separable, the expected fulure economic benefits are probable and the cost or value Can be measured reliably. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on Ihe statement of financial activities. Depreciation The charrty's policy is to capitalise fixed assets costing £500 or more. Depreciation is calculated on the following basis= Fixtures and fittings Equipment Alterations to Premises 200/0 Straight line 250/0 reducing balance Straight line over length of lease temi Investments Unlisted equity investments a initially recorded at cost. and subsequently measured at fair value. If fair value cannot be reliably measured, asset5 are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investments in associates Investments in associates accounted for in accordance with the cost model a recorded at cost less any accLsmulated impaimient losses. 22
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies {continuedJ Investments in associates (continued) Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date. the investments are measured al fair value, with changes in fair value taken through income or expenditure. Where it Is impracticable to measure fair value reliably without undue cost or effort. the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulaled profits of the associate arising before or after the date of acquisition. Limited by guarantee The company is a company limited by guarantee and not having a share capital. The liability of guarantors is limited to £1 in the event of the company being wound up. Donations and legacies unstrICted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Miscellaneous Donations Dean's Sit Out 3,565 3.565 2,213 450 2.213 450 3,565 3,565 2,663 2,663 23
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 HSCB- Parenlal Participation D of H- Revenue Grant- Core Odyssey Parenting Your Teen Big Lottery Fund Dads Project Big Lottery Fund with Mindwise New Vision Big Lottery- Tiny Life Assets Recovery Mccall Social Fund BHSCT Belfast Outcomes Group CLEAR D of H - Childcare Partnership SHSCT- Family Support Parenting Family Ulster Community Covid Grant Queens Dormant Accounts MACE Awards for All WHSCT- PHA- CLEAR Children in Need Sponsorship for Events Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant PHA Rank ABRDN Halifax CHOICES Practitioner Training Employee Wellbeing sales The Ireland Fund The Community Foundation - Cost of Living Community Foundation - Families Together Community Foundation - Tinylife Collaboration Community Foundation - Groundworks collaboration 73.313 73,313 5,193 58,575 5,193 58.575 19,572 8,500 19,572 8,500 5.694 9,619 5,694 9,619 7,600 30,240 6,490 7,600 30,240 6,490 49,244 49,244 58.107 58.107 10,396 10.396 24.309 5,000 1,500 47,936 25,000 52,302 5,491 24.309 5.000 1,500 47,936 25,000 52,302 5,491 14,300 5.540 8,400 8,691 5,978 47,279 12,527 15,158 14.300 5.540 8,400 8,691 5,978 47,279 12.527 15.158 105.630 516,324 621,954 24
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Charitable activities (contlnued) Unrestricted Funds Restricted Total Funds Funds 2022 HSCB- Parental Participation D of H- Revenue Grant- Core Odyssey Parenting Your Teen Big Lottery Fund - Dads Project Big Lottery Fund with Mindwise New Vision Big Loltery - Tiny Life Assets Recovery Mccall Social Fund BHSCT Belfasl Outcomes Group CLEAR D of H- Childcare Partnership SHSCT- Family Support Parenting Family Ulster Community Covid Grant Queens Dormant Accounts MACE Awards for All WHSCT- PHA- CLEAR Children in Need Sponsorship for Events Ideas Fund Be5fast City Council Medium Grant Belfast City Council Micro Grant PHA Rank ABRDN Halifax CHOICES Practitioner Training Employee Wellbeing sales The Ireland Fund The Community Foundation - Cost of Living Community Foundalion Families Together Community Foundalion - Tinylife Collaboration Community Foundation - Groundworks collaboration 37.244 73,313 56,570 75,840 9,221 16.434 27,454 8,298 5,460 3,212 37,244 73,313 56,570 75,840 9,221 16.434 27,454 8,298 5.460 3,212 3.000 32,989 960 30,863 4,767 24,622 108,410 9,978 600 9,614 145 10.800 5,000 1,500 3,000 32,989 960 30.863 4.767 24.622 108.410 9,978 600 9,614 145 10,800 5,000 1,500 148,145 408,149 556,294 25
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2023 Olher trading activities Unrestrtcted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Parenting Consultations Fundraising Parenting Education Programmes 16,654 3,547 51,150 16,654 3,547 51,150 15,965 15,965 42,863 42,863 71,351 71,351 58.835 58.835 Investment income Un51cted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Income from listed investments Bank Interest 555 61 555 61 2,044 2,044 2.044 2,044 616 616 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Parenting Education, Participation. Support Support costs 131,000 40,213 493,681 624.681 40.213 171,213 493,681 664,894 Unrestricted Funds Restricted Total Funds Funds 2022 Parenting Education, Participation, Support Support costs 196,2 27,821 388,324 584,614 27,821 224.111 388,324 612,435 26
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (¢ontinuod) Year ended 31 March 2023 10. Analysis of support costs Analysis of 5UPPOrt costs Parenting Education, Participation. Support Total 2023 Total 2022 Staff costs General office Governance costs 6.819 2,164 31,230 6.819 2,164 31,230 6.325 355 21,141 40,213 40,213 27,821 11. Net losses on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Gainsl{losses) on listed investments (1,242) {1,242) 12. Net Income Net income is stated after chargingl{crediting)= 2023 2022 Depreciation of tangible fixed assets 375 500 13. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 5,979 3,893 14. Staff cosls The total staff costs and employee benefits for the reporting period are analysed as follows-. 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans 442,189 37,769 16,921 410,907 30,510 12,708 496,879 454,125 27
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 14. Staff costs (continued) The average head count of employees during the year was 13 {2022: 22). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Project Administration & training 10 18 13 22 No employee received employee benefits of more than £60,OCM) during the year (2022.. Nil). 1S. Trustee remuneration and expenses No members of the Board of Trustees received any remuneration or reimbursement of out-of- pocket expenses during the year {2022: £nil). No Trustee or other person related to the charity had any personal interest in any contracl or transaction entered into by the charity during the year (2022= £nil). 16. Tangible fixed assets Fixtures and fittings Alterations to Premises Equipment Total Cost At 1 April 2022 and 31 March 2023 Depreciation Al 1 April 2022 Charge for the year At 31 March 2023 16.473 15,930 7,660 40,063 16.473 14,522 375 7,660 38.655 375 16.473 14,897 7.660 39,030 Carrying amount At 31 March 2023 1,033 1.033 At 31 March 2022 1,408 1,408 28
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 17. Investments Shares in Cash or cash Listed group equivalents investrnents undertakings Total Cost or valuation At 1 April 2022 Additions Fair value movements (16> 34,376 100 34,460 (1,242) 33,134 (1,242) 33,218 At 31 March 2023 (16) 100 Impairment At 1 April 2022 and 31 March 2023 Carrying amount At 31 March 2023 (16) {16) 33,134 100 33,218 At 31 March 2022 34.376 100 34,460 All investments shown above are held at valuation. Financial assets held at fair value The charity owns 100 ordinary shares of £1 each being the whole of the issued ordinary share capital of Odyssey Parenting Nl Limited, a company registered in Northern Ireland. The subsidiary is used for non-primary purpose trading activities. The investment portfolio with Davy Wealth Management has a closing balance made up of cash (£16} and listed investments £33,134 valued at market value on 31st March 2023.The net gain on investment is £1.242. 18. Debtors 2023 2022 Trade debtors Amounts owed by group undertakings Prepayments and accrued income 52,381 965 40,511 74,239 965 1,380 93,857 76.584 29
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 19. Creditors: amounts falling due within one year 2023 2022 Trade creditors AGGruals and deferred income Social security and other taxes Other Creditors 19.795 21.003 2,927 2,544 8,795 92,264 3,030 46.269 104,089 20. Deferred income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 79.092 {79,0921 8,000 11,032 (11,0321 79,092 8,000 79,092 21. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £16,921 (2022: £12.708). 30
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu8dJ Year ended 31 March 2023 22. Analysis of charilable funds Unrestricted funds At 1 Apr 2022 Gains and At losses 31 Mar 2023 Income Expenditure Transfers General funds Designated funds Designated Fund 2 - Website re- brand 420,698 182,590 (171.213) (9,255) {1,242) 421,578 20,000 20,000 440,698 182.590 (171.213> {9,255) {1,242) 441,578 At 1 Apr 2021 Gains and At losses 31 Mar 2022 Income Expenditure Transfers General funds Designated funds Designated Fund 2 - Website re- brand 436,221 18,329 210,259 {205.782) (20,000) (18.329) 420,698 20,000 20,000 454.59) 210,259 (224.111) 440,698 The board of trustees have designated £20,000 of unrestricted funds to the re-branding of the Parenting Nl website that will occur in 2022123. 31
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 22. Analysis of charitable funds (continued) Restricted funds At 1 Apr 2022 Gains and At losses 31 Mar 2023 Income Expenditure Transfers HSCB- PantaI Participation D of H - Revenue Grant PHA- Odyssey Parenting Your Teen Big Lottery Fund - Dads Project Big Lottery Fund with Mind Wise New Vision Big Lottery Fund - Tiny Life Assets Recovery Community Foundation Mccall Social Fund BHSCT Belfast Outcomes Group CLEAR SHSCT- Family Support Dormant Accounts Awards for All Children in Need Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant RANK ABRDN Halifax Foundation The Ireland Fund SHSCT 73.313 (73,313) 2,057 19,572 8.500 {13,8951 (8.500) 7,734 58,575 {53.817} 4,758 9,619 {18,640) 9,021 7,815 49,244 (49.2441 7,815 6.963 2,990 10.396 24.309 (10,396) (24.309) 6,963 2,990 5,000 (5.015) 15 1.500 25,000 52.302 (1.587) (22,125) (42.646) 87 2,875 9,656 5,491 8,691 30.240 {4,991) (840) (30.240) 500 7,851 32
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 22. Analysis of Gharitable funds (contlnued) BIG Cost of Living PHA BHSCT Community Foundation - Families Together Community Foundation - Tinylife collaboration Community Foundation - Grounworks collaboration 5.978 47.g36 5.694 (5,978) {47.9361 (5.694) 47.279 (47.411) 132 12.527 (11,946} 581 15,158 (15.158) {493.681) 19,825 516,324 9,255 51,723 At 1 Apr 2021 Gains and At losses 31 Mar 2022 Income Expenditure Transfers HSCB - Parental Participation D of H - Revenue Grant PHA - Odyssey Parenling Your Teen Big Loltery Fund - Dads Project Big Lottery Fund with Mind Wise New Vision Big Loltery Fund - Tiny Life Assets Recovery Community Foundation Mccall Social Fund BHSCT Belfast Outcomes Group CLEAR SHSCT- Family Suppori 37.244 (37,244) 73,313 (73,313) 56.570 (56,570) 75.840 (75.840) 9.221 (9,221 } 16.434 27,454 (14,377) (27.454) 2,057 8,298 (8,298) 5,460 3,812 (5.460) (3,812) 32,989 (32,989) 33
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 22. Analysis of charitable funds {continued) Domiant Accounts Awards for All Children in Need Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant RANK ABRDN Halifax Foundation The Ireland Fund SHSCT BIG Cost of Living PHA BHSCT Community Foundation - Families Together Community Foundation - Tinylife collaboration Community Foundation - Grounworks collaboration 24,622 9.978 9.614 10,800 (16.807) {9,978) {2,651) (7,810) 7,815 6,963 2,ggo 5.000 (5.000) 1,500 {1.500) 408.149 (388,324) 19,825 Transfers have laken place from Unrestricted funds to Restricted funds in the year to cover the deficit in the restricted funds. 34
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 23. Analysis of net assets between funds Unrestricled Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 1,033 33,218 445.596 (38,269) 441,578 1.033 33,218 505,319 (46,269} 493.301 59,723 (8,000) 51,723 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than 1 year 1,408 34,460 446,405 (41,575} 440,698 1,408 34,460 82.339 528,744 (62.514} (104,089} 19,825 460,523 Net assets 24. Prior year adjustments 25. Analysis of changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 452.160 (40,698) 411,462 35
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not form part of the financial statements. 36
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endovments Donations and legacies Miscellaneous Donations Dean's Sit Out 3.565 2,213 450 3.565 2,663 Charitable activities HSCB- Parental Participation D of H- Revenue Grant- Core Odyssey Parenting Your Teen Big Lottery Fund - Dads Project Big Loltery Fund with Mindwise New Vision Big Lottery- Tiny Life Assels Recovery Mccall Social Fund BHSCT Belfast Outcomes Group CLEAR D of H- Childcare Partnership SHSCT- Family Support Parenting Family Ulster Community Covid Grant Queens Domiant Accounts MACE Awards for All WHSCT- PHA- CLEAR Children in Need Sponsorship for Events Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant PHA 37.244 73,313 56,570 75,840 9,221 16,434 27,454 8,298 5,460 3,212 3,000 32,989 960 30,863 4,767 24,622 108,410 9,978 600 9.614 145 10.800 5.000 1,500 73,313 5,193 58,575 19,572 8.500 5,6g4 9,619 7.600 30,240 6,490 49,244 58,107 10.396 24,309 5,000 1,500 47.936 caled forward (421.288) (556,2941 37
Parenting for Nl Limited Company Limited by Guarantee Detailed Statement of Financial Activities (Gontinued) Year ended 31 March 2023 2023 2022 Brought forward (421,288) (556,294) Rank ABRDN Halifax CHOICES Practitioner Training Employee Wellbeing sales The Ireland Fund The Community Foundation - Cost of Living Community Foundation - Families Together Community Foundation - Tinylife Collaboration Community Foundation - Groundworks collaboration 25,000 52,302 5,491 14.300 5.540 8,400 8,691 5,978 47.279 12,527 15,158 621,954 556.294 Other trading activities Parenting Consultations Fundraising Parenting Education Programmes 16,654 3,547 51,150 15,965 42.863 71,351 58.835 Investment income Income from listed investments Bank Interest 555 61 2,044 2,044 616 Total income 698.914 618,408 38
Parenting for Nl Limited Operating as Parenting Nl Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activities Parenting Education, PartiGipation, Support Activities undertaken direcdy Gross wages Employerfs NIC Pension costs 432,625 37.769 16,921 402,036 30.510 12,708 r ij Resources Training Costs Project Costs Sessional Workers Travel and Subsistence Premises Costs Telephone and Webchat Consultancy Fees Depreciation 4,609 3,314 12.251 64.471 1,953 25,946 24,447 5,475 1,269 29,267 29,608 626 42,889 10,712 19,014 500 375 624,681 584,614 Support costs Salarkes, wages & other related costs Other office costs 6,819 2,164 6,325 355 8,983 6,680 Governance costs Salaries. wages and other related costs Accountancy fees Audit fees Governance costs - legal and other professional fees Other office costs Bank Charges Bad debt written off 2,745 14,844 7,780 5.495 2,546 8,772 4,305 30 870 4.618 366 31,230 21,141 Expenditure on charitable activities 664,894 612.435 Net losses on investments Gainsl(losses) on listed investments (1,242) Net income 32.778 5.g73 39