COMPANY REGISTRATION NUMBER: N1030087 CHARITY REGISTRATION NUMBER: NIC103613 Parenting Focus Limited Company Limited by Guarantee Financial Statements 31 March 2024 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Parenting Focus Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directors, report) Independent auditorfs report to the members 12 Statement of financial activities (including income and expenditure account) 18 Statement of financial position 19 Statement of cash flows 20 Notes to the financial statements 21
Parenting Focus Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of ¢ompany law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Parenting Focus Limited Charity registration number NIC103613 Company registration number N1030087 Principal office and registered 39a First Floor offic8 Unit 3 Stockmans Way Belfast BT9 7ET Northern 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 Lisa Keys {Resigned 13 September 2023) (Appointed 7 May 2024) Company secretary Charlene Brooks (resigned 27th March 2024) Sharon McThIrter (appointed 28th March 2024) Auditor Finegan Gibson Ltd Chartered accountants & ststutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Ulster Bank Ltd 11-16 Donegall Square East Belfast BT1 SUB
Parenting Focus Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (Gontinued) Year ended 31 March 2024 Structure, governance and management Company Structure Parenting Focus Limited changed its registered name from Parenting for Nl Limited (operating as Parenting Nl) on 8th April 2024. Parenting Focus Limited is a company limited by guarantee incorporated on 20th October 1995 (Registered No N1030087) and as such does not have share capital. The company is registered with The Charity Commission for Northern Ireland (number NIC103613) and with HM Revenue and Customs 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 ofthe company's registered office, which is also its principal address. is given on page 1. Oryanisational Structure and Govemance The Trustees are responsible for the strategi¢ dire¢tion of the ¢harty, as detailed in the Strategic Plan. The Trustees are led by the Chairperson. wrth the Honorary Treasurer. and the Company Secretary making up the other Board Office bearers. Operational responsibility for implementing the Strategic Plan is delegated to the Chief Executive. Support, supeNision and appraisal systems are in place to ensure Parenting Focus targets are met and quality standards adhered to. The Board meets at least four times a year and receives detailed reports from the Chief Executive and the Senior Leadership Team on all the areas of work, highlighting the progress of targets against the operational plans. This in tum provides the Trustees with regular information on the progress of the Strategic Plan. The Boafd 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 the Chief Executive. the Chair. the Honorary Treasurer, a Trustee and the Head of Services and Operations. The Finance Sub Committee reports to the Board of Trustees. 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 charity. A Skills Audit is carried out annually to guide the selection of appropriate Trustees. The Board is currently represented by professional expertise in the areas of Slralegic Planning. Adult and Child Safeguarding. Child Development. Human Resources, Law, Business Marketing and Financial Management. In seeking new members. Trustees consider the skills mix and endeavour 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 charity- Induction of Board of Trustees Induction training is arranged annually for new Trustees. As part of induction, they receive a comprehensive sel of information about the charity to ensure they are fully aware of the services and the functioning of the charity.
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) {continuedJ Year ended 31 March 2024 Structure, governance and management (continuèd) Governance The Board of Trustees is operating within good governance practice. The bi-annual training on governance, facilitated by Northem Ireland Council for Voluntary Action (NICVA) was successfully delivered in 2024. Risk Management The Board of Trustees is responsible for assessing the risks to which the ¢harity might be exposed. The Chièf Executive has responsibility to ensure that the predureS to mitigate risk are followed. and to report on Risk Management to the Board The Senior Leadership Team and the Trustees review the Risk Management Register twice a year with any other risk factors being brought to the attention of the Finance Sub Committee at their quarterfy meetings which is subsequently reported to the Board of TrLtstees. Risks are evaluated under the areas of Extemal Factofs. Management Expectstions and Internal Events Within the assessment. procedures have been developed to mitigate against the risks that may be identified. Regular reviews of policies and procedures are carried out to ensure compliance with legislalion and good practice. Relatedparties and co-operation with other organisations None of our Trustees receive remuneration or other benefit from their work with the charity. Staff members 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 Focus. For Trustees 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 Confirm there is no wnfli¢t of interest. Staff are required to confirm the same at supervision meetings. In the Current year a resear¢h consultancy company, a subsidiary of an academic institute, concluded work to update a small bespoke research engagement for Parenting Focus following the initial Randomised Control Trial carried out by the academic institute 12 years previously. One of Parenting Focus's current Trustees is a Director of the research consultancy company. This Trustee oversaw the work on a pro bono basis, with other members of the consultancy company re¢eiving remuneration for the work. as agreed in a contract of work. Following detailed consultation with the Finance Sub Committee, the work was awarded 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 the National Joint Council for Local Government Service (NJC} pay scales. An 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 Focus Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) {continued) Year ended 31 March 2024 Objectives and activities Values.. Through our values, we reflect an organisation that Can be relied upon in all respe¢ls, and one we can be proud to work for. These values help build our common culture and guide us in all our decisions. Pmfessional 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 responstve and a¢¢essible parenting support and seNices across the region. Respectful - We will show consideration for one another and recognise and respect each otherfs differences. Equality - We will ensure all parents have an equal right to access our support and services. Needs Led - Every parent has the right to a voice. We will listen to what parents need and develop services to meet those needs. Trustworthy- We will be open and honest in everything we do. Objectives Parenting Focus firmly believes that the best and most effective way to support children is by supporting those who parent them. The charity's purposes, as set 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" Vision.. Our vision is of a society where parenting is valued. parents, voices are heard and where every family is given the support they need. Misslon.. Parenting Focus work with and for parents and families. Our mission is to ensure parents have access to timely support and infomiation to guide them through their parenting joumey.
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (continuedj Year ended 31 March 2024 Objectivos and activities {continuedJ How Activities Deliver Public Benefit Parenting Focus develops and delivers practical guidance and educational support to parents across Northern Ireland. We develop and deliver supports and services to parents, carers and practitioners in response to their needs and the family situations which are being presented and which have become more complex. Parenting Focus work collaboratively by developing close partnership arrangements with other organisations. The purpose of these parinerships is to facilitate easier access to services for families and ¢olle¢tively achieve more efficient ways to work. Overall, the activities of the charity seek to support parents, which not only has the benefit of helping parents in their parenting role but also improves outcomes for children
Parenting Focus Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (conlinued) Year ended 31 March 2024 Achievements and perfomiance Focus of our Work Since the ¢harity's inception in 1979, the main focus of Parenting Focus has continued to be listening to and supporting parents and families across Northem Ireland During 2023124, 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 work and were directly involved in carrying out studies and consultations with parents, including the launch of the Solus Project research findings and conducting The Big Parenting Sutvey. Solus Project: In October 2023, Parenting Focus launched its findings on the research, SOLUS.. The Impact of financial hardship on single and separated parents, a partnership project between Parenting Focus and Centre for Effective Setvices. kindly funded by abrdn Financial Fairness Trust. Through the SOLUS project. Parenting Focus wanted to understand how the financial impacts experienced by separated and single parents Can impact their mental and physical health to better understand how the charity can provide specific and tsrgeted support to ensure the best outcomes for these families. Big Parenting Survey= This was the fourth Big Parenting Survey and as with our previous surveys, we enquired about the real-life eXperienS and thoughts of parents across the whole of Northern Ireland. This being the only research which focuses on the experiences of parents in Northern Ireland. Parenting Focus implemented its tried and tested range of effective, innovative methods delivering services and supports as well as continually developing new methods lo maximise impact regarding parenlal participation. We demonstrated innovation. flexibility and adaptability to ensure engagement continued to be meaningful by not only meeting, but in some cases exceeding targets, a¢ross all areas. Parenting Focus remains 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-quality support and services to meet parents. needs. Consistent with previous years, 2023124 was exceptionally busy in all areas of work. Through our consultations and surveys with parents, we are aware that parents and families arguably need more support than ever, and therefore there were increasing pressures on all services and supports. number of funders continued short temi funding opportunities. which Parenting Focus was able to avail of. This helped sustain the work of the charity in the short temi, however with the loss of the core grant during 2023124 and greater competition for any funding which is available, significant financial pressures remain looking to 2024125 and subsequent years.
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (continued) Year ended 31 March 2024 Achievements and performance (eonthu•dJ Parenting Focus continued to develop and deliver on a number of key areas of work to provide support to all parents in their parenting role. In 2023124 the activities delivered include- 1. Parenting Focus Support Line SeThice - the gateway into Parenting Focus offering telephone, email, webchat support and infomiation 2. Panting Pmgrammes and Workshops 3. STAR Programme (Children in Need) 4. Dads Support 5. Carers Support 6. Home Visiting - Famity Support (across BHSCT and within specrfic areas of SHSCT) 7. Families Together schools pmject 8. Parent Employee Wellbeing 9. Research and Policy including briefing papers and facilitating relevant round table events In addition to direct seprfices listed above, Parenting Focus ¢onsulted with parents to ensure they had a say on issues important to them and their family. Feedback was used to influence Govemment policy. planning and service delivery. 10. Parental Engagement/ Consultations 11 . OCN qualifications 12. Practitioner Training workshops and seminars Parenting Focus 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 the OCN Level 4 Certificate in Working with Parents. Parenting Focus continued to support parents and families via our social media platforms, providing useful informab'on and highlighting the services available. Parenting Week was celebrated and promoted from Monday 16th to Friday 20th October 2023, attracting a large audience of parents, practitioners and organisations. The theme for the week was "The Positivity of Parenting" which acknowledged the positive impact parents have on their children's lives, fostering love, support, and growth. It aimed to encourage parents and communities to celebrate the strengths. resilience and dedication of parents, as the backbone of families and communities. The theme acknowledged that while parenting can be challenging, it also emphasised the joy, fulfilment, and meaningful experiences that come with raising a child.
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (wntinued) Year ended 31 March 2024 Financial review Intemal Financial Control Internal financial controls are in place to ensure Trustees meet their 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 infomiation. Internal control systems and accounting procedures are documented in the Financial Policy. Systems and procedures are constandy monitored, refined and updated as necessary in line with legislation and best practice. Review of Financial Position The Statement of Financial Activities {"SOFA") focuses on showing the total incoming resources, both revenue and capital, which have been made available to the charity during the year and the ways in which those resources have been utilised, whether as direct charitable expenditure in carrying out and supporting the charity's projects and activities or in the managemerst and administration of the charity itself. The SOFA also outlines those in¢oming resources for the year received from sources which place restrictions on the way in which the charty can use funds, and the level of incoming resources that can be used by the charity without restriction, within the company's charitable objects. Parenting Focus has ended the year with a deficit of £62,000 mainly due to the loss of the core grant funding. During the year regular budget meetings were held with the Chief Executive and the Head of Services and Operations enabling us to closely monitor spend in our various areas 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 savings while still operating in a climate of the ongoing funding cutbacks. During the year the Finance Sub Committee met regularly to examine all matters of financial implications for the charity. The Committee ensures that the Financial 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 Trustees, the Chief Exe¢utive, the Honorary Treasurer, a Trustee and the Head of Services and Operations. The Finance Sub Committee reports to the Board of Trustees through the Treasurer. We offer our sincere thanks to our various ftinders for their continued support which allows the charity to continue to provide its range of valuable parenting services and support across Northern Ireland. The charity is committed to ensure all funds are correctly applied to maximise benefits. Details of the deficit for the year are set out in the Ststement of Financial Activities on page 20.
Parenting Focus Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (¢orttinuedJ Year ended 31 March 2024 Financial review (¢ontinued) Review of Policies Reserves Policy Reserves are needed to bridge the gap between the spending and receiving of income and to 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 charity. 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 fvture financial climate results in this situation, and also cover four to eight months 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 £218,443 and £436,886 in general funds. At this level, the Board feels that they would be able to continue the current activities of the charty 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 decreased by £23,780 during the year and amount to £363.547 and therefore exceed the target level of the policy Investment Policy Vvhere funding is received in advance of the expendÉture period it will be invested in a bank deposrt account at the maximum available interest rate. Liquidity requirements are considered before committing funds to short term deposits of beeen three and e1ve months. Adequate funds are kept on instant access deposit to maintain cash flow. To minimise the risk of funds exceeding the FSCS depositor guarantee limit, we have invested funds across a range of financial institutions. This is in line with Board policy which endeavours to ensure that our funds are 100 % protected by the FSCS deposit guarantee. Funding Sources The task of fundraising is particulady challenging in the current economic climate and we know that many potential donors are being considerably more cautious agreeing donations and funding. However, building sustainability through ftjndraising is vital for Parenting Focus. Current and future funding has been a challenge and focus for the Board of Trustees. During the year valuable funding was received from the Department of Health, Public Health Agency, Belfast City Council, Belfast Health and Social Care Trust. Southern Health and Social Care Trust. Big Lottery and Charitable Trusts, all of which was crucial to the work of Parenting Focus and was much appreciated by the Board of Trustees.
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (contlnu•d) Year ended 31 March 2024 Plans for future periods Parenting Focus plan to continue to review systems and pro¢esses to ensure that they are able to meet their objectives effectively and efficiently. During 2023124 Parenting Focus completed a brand refresh which included the launch of a new and innovative website. The new name and website were launched on 8th April 2024 and we will continue to focus on establishing the new branding throughout 2024125. In addition. Parenting Focus v4ill continue to work hard to establish its Parenting Family social enterprise to ensure sustainability for the future. Funds Held as Custodian Trustee on Beham of Others There were no funds held as custodian trustee on behalf of others. Funds held as custodian trustee There were no funds held as custodian trustee on behalf of others. Trustees, responsibilities ststement 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 lQngdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial statements. the trustees are required to= select suitable accounting 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 concem basis unless it is inappropriate to presume that the charity will continue in business. The Irustees are responsible for keeping adequate accounting re¢ords that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the ¢harity 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 hence for taking reasonable steps for the prevention and detection of fraLtd and other irregularities. 10
Parenting Focus Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (contiftu Year ended 31 March 2024 Auditor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware. there is no levant audit information of which the charity's auditor is unaware" and Ihey have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance vrith the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 11 September 2024 and signed on behalf of the board of trustees by.. Suzanne Dunne (Chairperson) Trustee 11
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited Year ended 31 March 2024 Opinion We have audited the financial statements of Parenting Focus Limited (the 'charity') for the year ended 31 March 2024 which comprise the stalement of financial activities (including income and expenditure 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 Stsndards, 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 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in ac¢ordan¢e with United Kingdom Generally Accepted Accounting Practice.. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We condLtcted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)} and applicable law_ Our responsibilities under those standards are further described in the auditor'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 that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identtfied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. 12
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited (continued) Year ended 31 March 2024 Other infonnation The other information comprises the infomation included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements. our responsibility is to fead the other information and. in doing so, ¢onsider whether the other information is materially inconsistent with the financial statemenls 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 other infomiation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fa¢t. We have nothing to report 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 information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements," and the trustees, report has been prepared in accordance V*llth applicable legal requirements. Matters on which we are required to report by exception In the 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 followng 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 rebjms 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. 13
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited (continued) Year ended 31 March 2024 Responsibilities of trustees As explained more fvlly in the trustees. responsibilities statement, the trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlernal control as the trustees determine is necessary to enable the preparation of fi'nancial 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 goin9 ¢on¢ern basis of a¢¢ounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic altemative but to do so. 14
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited (continued) Year ended 31 March 2024 Auditor's rosponsibilities for the audit of the financial stat8ments 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 to 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 detecl a material misstatement when it exists. Misstatements can arise from fraud or eor 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-complian with lavts 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-Gomplian¢e with laws and regulations, we considered the following.. the nature of the industry and sector, control environment and business performance including the design of the remuneratj'on policies, key dnvers 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 obtsined and reviewed documentation of their poli¢ies 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. suspecled or alleged fraud., the internal controls estsblished 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 intemal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these pro¢edures. we Considered the opportunities and incentives that may exist within the organisation for fraud and identified the 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 obtained 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 determinalion of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with 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 materia1 penalty. 15
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited (continuedj Year ended 31 March 2024 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional s¢epti¢ism 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 perform 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 internal 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 a¢UntIng 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 ¢oncem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our audito¢s report to the related disclosures in the financial statements or. rf such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, fijture events or conditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation, structure and content 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. We communicate with those charged with governan¢e 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 identtfy during our audit. 16
Parenting Focus Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Parenting Focus Limited (cgntinued) Year ended 31 March 2024 As explained more fully in the Trustees, Responsibilities Statement (set out on page 10 }, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Stsndards on Auditing {UK). Those standards require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in the circumstances set out in note 24 to the financial statements. 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 A¢t 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 auditols report and for no other purpose. To the fullest extent permitted 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 fonned. 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 11 September 2024 17
Parenting Focus Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 524 52,900 32.592 4.954 524 553,047 32,592 4,954 3,565 621,954 71,351 2.044 500,147 Total income 90.970 500,147 591.117 698,914 Expenditure Expenditure on charitable activities Total expenditu 121,148 534,181 655,329 664,894 121,148 534,181 655,329 664,894 Net gainsl(losses) on investrnents 11 2,212 2.212 (1,242) Net lexpenditureifincome and net movement in funds (27,966) {34,034) (62,000) 32,778 Reconciliation of funds Total funds brought foThvard Total funds carried forward 441.578 51,723 493.301 460,523 413.612 17,689 431,301 493,301 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 pagos 21 to 34 fomi part of these financial $tstements. 18
Parenting Focus Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 16 17 2,957 35,430 1,033 33,218 38.387 34,251 Currant assets Debtors Cash at bank and in hand 18 84,207 341,022 93,857 411,462 425,229 505,319 Creditors: amounts falling due within one year Net current assets 19 32,315 46,269 392,914 459,050 Total assets less current liabilities 431,301 493,301 Net assets 431,301 493,301 Funds of the charity Restricted funds Unrestricted funds 17,689 413,612 51,723 441.578 Total charity funds 22 431,301 493.301 These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 11 September 2024, and are signed on behalf of the board by.. Suzanne Dunne (Chairperson) Trustee Marc Magill (Honorary Treasurer) Trustee The notes on pages 21 to 34 fomi part of these financial ststements. 19
Parenting Focus Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net lexpenditurellincome {62,000) 32,778 Adjustments for.. Depreciation of tangible fixed assets Net gainsl(losses) on investments Other interest receivable and similar income Interest payable and similar Charges Accrued expenses 450 (2,212) (4,954) 375 1,242 (2,0441 366 831 822 Changes in.. Trade and other debtors Trade and other creditors 9,650 {14,776) {18,273) {57,651) Cash generated from operations {73,020) {42,376) Interest paid Interest received 13661 2,044 4,954 Net cash used in operating activities {68,066) {40,698) Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (2,374) (2,374) Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equlvalents at end of year {70,440) 411.462 {40,698} 452,160 341,022 411,462 The notes on pages 21 to 34 fomi part of these financial statements. 20
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a re9lStered 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 statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charilies SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properts-es measured at fair value through income or expendrture. The financial statements are prepared in sterling, whi¢h is the functional CuencY of the entity. Going concern 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 reqUIS management to make judgements. estimates and assumptions that affect the amounts reported. These estirnates 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 the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restnctions 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. 21
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Accounting policies {continuerfJ Incoming resources All incoming resources are included in the ststement of financial activities when entitiement has passed to the charity. it is probable that the economi¢ benefrts associated with the transaction will flow to the 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 entrtlement 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 ServIS is recognised wtth the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is IncUed. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the ststement 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 9oods. expenditure on charitable activities includes all costs 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 lo expenditure categories reflecting the use of the resour¢e Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. 22
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (eontiftuedj Year ended 31 March 2024 Accounting policies (continue(lJ Tangible assets (conthiue An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the ststement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other re¢ognised 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 the statement of financial activities. Depreciation The charity'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 250A reducing balance Straight line over length of lease term Investments Unlisted equity investments are initially recorded at cost. and subsequently measured at fair value. If fair value ¢annol be reliably measured, assets are measured at cost less impairment. Lisled investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investmènts in associates Investments in associates accounted for in accordance with the cost model a recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordan¢e with the fair value model are initially recorded at the transaction price. At each reporting date. the investments are measured at fair value, with changes in fair value taken through income or expenditure. ere 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 accumulated 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. 23
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Miscellaneous Donations 524 524 3,565 3,565 Charitable actlvlties Unrestricted Funds Restricted Total Funds Funds 2024 D of H- Revenue Grant- Core Odyssey Parenting Your Teen ROI Community Fund - Dads Project Community Fund - Tiny Life Assets Recovery BHSCT Belfast Outcomes Group CLEAR D of H - Childcare Partnership SHSCT- Family Support Parenting Family Peoples Project Dormant Accounts MACE Keadue Ulster Garden Villages Carers Fund CFNI Children in Need Ideas Fund Belfast City Council Medium Grant Belfast Cily Council Micro Grant PHA- Odyssey Parenting Your Teen Community Pharmacy Rank ABRDN Halifax Queens Choice Practitioner Training Employee Wellbeing sales Unrestricted income The Ireland Fund The Community Foundation - Cost of Living Community Foundation - Families Together Communily Foundation Tinylife Collaboration Community Foundation Groundworks collaboration 36,657 36,657 9,258 20,000 5,403 6,158 6,250 32,989 9,258 20,000 5,403 6.158 6,250 32,989 10,000 24.622 10,000 24,622 16,749 15,000 36,985 4,000 9,439 44,426 4,500 1,500 70,921 7,642 29,615 26,133 16,749 15,000 36,985 4.000 9,439 44,426 4.500 1,500 70,921 7,642 29,615 26,133 14,300 14,300 6,540 6.540 46.360 46,360 47,279 12,743 7,578 47,279 12,743 7,578 52.900 500,147 553,047 24
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Charitsble activiti8S (conlinued) Unrestricted Funds Restricted Total Funds Funds 2023 D of H - Revenue Grant- Core Odyssey Parenting Your Teen ROI Community Fund - Dads Project Community Fund - Tiny Life Assets Recovery BHSCT Belfast Outcomes Group CLEAR D ol H- Childcare Partnership SHSCT- Family Support Parenting Family Peoples Project Dormant Accounts MACE Keadue Ulster Garden Villages Carers Fund CFNI Children in Need Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant PHA - Odyssey Parenting Your Teen Community Phamacy Rank ABRDN Halifax Queens Choice Practitioner Training Employee Wellbeing sales Unrestricted income The Ireland Fund The Community Foundation - Cost of Living CommunÉty Foundation - Families Together Community Foundation - Tinylife Collaboration Community Foundation Groundworks collaboration 73.313 73,313 5,193 58,575 19.572 8,500 5,694 9,619 7,600 30,240 6,490 5,193 58,575 19,572 8,500 5.694 9,619 7,600 30,240 6.490 49,244 49,244 58,107 58,107 10,396 24,309 5,000 1,500 47.936 10,396 24,309 5,000 1,500 47,936 25,000 52,302 5,491 25,000 52.302 5,491 14,300 5,540 8,400 14,300 5,540 8.400 8,691 5,978 47.279 12,527 15,158 8,691 5,978 47,279 12,527 15.158 105,630 516.324 621,954 25
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (coniinued) Year ended 31 March 2024 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Parenting Consultations Fundraising Parenting Education Programmes 16,654 3,547 51,150 16,654 3,547 51,150 419 32,173 419 32,173 32,592 32,592 71,351 71,351 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank Interest 4,954 4,954 2,044 2.044 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Parenting Education. Participation. Support Support Gosts 77.347 43,801 534,181 611.528 43,801 121,148 534,181 655,329 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 10. Analysis of support costs Analysis of support costs Parenting Education, Participation, Support Total 2024 Total 2023 Staff costs General office Governance costs 6,235 3,132 34,434 6,235 3.132 34.434 6,819 2,164 31.230 43,801 43,801 40,213 26
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continu Year ended 31 March 2024 11. Net gainsl(losses} on investments Unrestri¢ted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Gainsl(losses) on listed investments 2,212 2,212 (1 .242) (1,2421 12. Net (expenditure)fincome Nel (expenditure)lin¢ome is stated after chargingl(Grediting). 2024 2023 Depreciation of tangible fixed assets 450 375 13. Auditors remuneration 2024 2023 Fees payable for the audrt of the financial statements 6,300 5,979 14. Staff costs The total staff costs and employee beneffts for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security ¢osts Employer Gontributions to pension plans 404.342 27.739 15.952 442,189 37,769 16,921 448,033 496,879 The average head count of employees during the year was 19 {2023'. 21). No employee received employee benefits of more than £60,000 during the year (2023= Nil). 15. Trustee remuneration and expenses No members of the Board of Trustees received any remuneration or reimbursement of out-of- pocket expenses during the year (2023: £nil). No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023: £nill. 27
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 16. Tangible fixed assets Fixtures and fittings Alterations to Premises Equipment Total Cost At 1 April 2023 Additions 16,473 15,930 2,374 7,660 40,063 2,374 At 31 March 2024 16,473 18,304 7,660 42,437 Depreciation At 1 April 2023 Charge for the year 16.473 14.897 450 7.660 39,030 450 At 31 March 2024 16,473 15,347 7,660 39,480 Carrying amount At 31 March 2024 2.957 2,957 At 31 March 2023 1,033 1,033 17. Investments Shares in Cash or cash Listed group equivalents investments undertakings Total Cost or valuation At 1 April 2023 Additions Fair value movements (16) 33.134 100 33,218 2.212 2.212 At 31 March 2024 (16) 35,346 100 35,430 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 (16) (16) 35,346 100 35,430 At 31 March 2023 33.134 100 33.218 All investments shown above are held at valuats-on. Financial assets held at fair value The charily 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 balan made up of cash {£16) and listed investments £34,346 valued at market value on 31 st March 2024.The net gain on investment is £2,212. 28
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 18. Debtors 2024 2023 Trade debtors Amounts owed by group undertakings Prepayments and accrued income 33,485 52,381 965 40.511 50,722 84,207 93,857 19. Creditors: amounts falling due within one year 2024 2023 Trade credrtors Accruals and deferred income Social security and other taxes Other creditors 12.323 15,783 2,584 1,625 19,795 21,003 2,927 2,544 32,315 46,269 20. Deferred income 2024 2023 Al l April 2023 Amount released to income Amount deferred in year At 31 March 2024 8,000 (8.000) 1,958 79,092 {79,092} 8,000 1,958 8,000 21. Pensions and other post retlrement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribulion plans was £15.952 (2023.. £16,921). 29
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 22. Analysis of charitable funds Unrestricted funds At 1 Apr 2023 Gains and At losses 31 Mar 2024 Income Expenditure Transfers General funds Designated Fund - Website re-brand 421,578 90,970 (112,826) 2,212 401,934 20,000 (8,3221 (121,148) 11,678 441,578 90,970 2,212 413,612 At 1 Apr 2022 Gains and At losses 31 Mar 2023 Income Expenditure Transfers General funds Designated Fund 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 The designated fund of £20.000 is in relation to the rebrand of the Website. In the 23124 year, £8,322 of expenditure has been allocated against this fund. with the remainder to be used in July 2024. Restricted funds At 1 Apr 2023 Gains and At losses 31 Mar 2024 Income Expenditure Transfers D of H - Revenue Grant Big Lottery FLsnd - Tiny Life Assets Recovery Community Foundation CLEAR 36,657 {36,657} 7.734 9.258 20,000 (16,992) {20,000} 4.758 (4,758) (12,408) 12,408 30
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 22. Analysis of charitable funds (coniinuedj Dormant Accounts 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 Comrnunity Foundation- Tinylife collaboration Community Foundation - Grounworks collaboration 7.815 6,963 2,990 24,622 9.439 44,426 (32,4371 {15,2301 (42,156) 1,172 5.260 4.500 (4,500) 1,500 29,615 26.133 (1,500) (29.615) (35,789) 2,875 9,656 2,875 500 7,851 (500) (7.851) (32.9891 32,989 70,920 5,403 (70,9201 (5,403) 47,279 (47.279) 581 12.743 (13,324) 7,579 (7.579) 31
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 22. Analysis of charitable funds {coniinued) Peoples Project Keadue Ulster Garden Villages Carers Fund Community Pharmacy CFNI Queens 10,000 16,749 (9,418) (16,749) 582 15,000 36,985 (8,750) (36,985) 6,250 7.642 4.000 14,300 (7,642) (4,000) (12,750) (534,181) 1,550 51,723 500,147 17,689 At 1 Apr 2022 Gains and Al losses 31 Mar 2023 Income Expenditure Transfers D of H - Revenue Grant Big Lottery Fund - Tiny Life Assets Recovery Community Foundation CLEAR Dormant Accounts 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 (13.895) (8,500) 7,734 58.575 9,619 (53.817) (18,640) 4,758 9,021 7,815 6,963 2.990 49,244 10.396 24.309 (49,244) (10.396) (24.309) 7,815 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 Focus Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 22. Analysis of ¢harltable funds (conlinued) BIG Cost of Living PHA BHSCT Community Foundation - Families Together Community Foundation - Tinylife collaboration Comrnunity Foundation - Grounworks collaboration Peoples Project Keadue Ulster Garden Villages Carers Fund Community Pharmacy CFNI Queens 5.978 47,936 5,694 15.978) (47.936) (5.694) 47,279 {47,411} 132 12.527 (11,946) 581 15,158 (15,158) 19.825 516,324 (493.681) 9,255 51,723 Transfers have taken place from Unrestricted funds to Restricted funds in the year to cover the deficit in the restricted funds. 33
Parenting Focus Limited Company Limited by Guarantee Notes to the Financial Ststements (continutd) Year ended 31 March 2024 23. Analysis of net assets between funds Unrestncted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 2,957 35,430 405,582 (30,357) 413,612 2,957 35,430 425,229 {32,315) 431,301 19,647 {1 ,958) 17,689 Unrestricted 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 33,218 505,319 146,269) 493,301 59,723 {8.000) 51.723 24. Ethlcal standards In Common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 25. Taxation The Company is a registered charity. and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives. 26. Contingencies A contingent liability exists to repay grants and Trust monies received should certain Conditions not be fulfilled by the charity In the opinion of the Trustees. the terms of the Letters of Offers have been, or will be, ¢omplied with and no liability is expected. 27. Analysis of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 411.462 (70,440) 341,022 28. Related parties During the year a consultancy research company was engaged to carry OLrt a piece of research in which a current trustee is the director. No remuneration was paid to the Trustee for this work. 34
Parenting Focus Limited Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not forni part of the financial statements. 35
Parenting Focus Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Miscellaneous Donations 524 3,565 Charitable aGtivities D of H- Revenue Grant- Core Odyssey Parenting Your Teen ROI Community Fund - Dads Project Community Fund - Tiny Life Assets Re¢overy BHSCT Belfast Outcomes Group CLEAR D of H- Childcare Partnership SHSCT- Family Support Parenting Family Peoples Project Dormant Accounts MACE Keadue Ulster Garden Villages Carers Fund CFNI Children in Need Ideas Fund Belfast City Council Medium Grant Belfast City Council Micro Grant PHA- Odyssey Parenting Your Teen Community Pharmacy Rank ABRDN Halifax Queens Choice Practitioner Training Employee Wellbeing sales 36.657 73.313 5,193 58,575 19,572 8,500 5,694 9,619 7,600 30,240 6,490 9.258 20,000 5,403 6,158 6,250 32.989 10,000 24.622 49,244 58,107 16.749 15,000 36,985 4.000 9,439 44.426 4,500 1,500 70,921 7,642 29,615 26.133 10,396 24,309 5,000 1,500 47,936 25.000 52,302 5,491 14.300 5,540 8,400 14.300 6.540 Carried forward 1439.087) 1532.321) 36
Parenting Focus Limited Company Limited by Guarantee Detailed Statement of Financial Activities (continued) Year ended 31 March 2024 2024 2023 Brought fomard {439,087) (532,321) Unrestricted income The Ireland Fund The Community Foundation- Cost of Living Community Foundation - Families Together Community Foundation - Tinylife Collaboration Community Foundation - Groundworks collaboration 46,360 8,691 5,978 47,279 12,527 15.158 47,279 12.743 7,578 553,047 621.954 Other trading activities Parenting Consultations Fundraising Parenting Education Programmes 16,654 3,547 51.150 419 32,173 32,592 71.351 Investment income Bank Interest 4,954 2,044 Total income 591.117 698,914 37
Parenting Focus Limited Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Parenting Education, Participation, Support Activities undertaken directly Gross wages Employels NIC Pension costs Resources Training Costs Project Costs Sessional Workers Travel and Subsistence Premises Costs Telephone and Webchat Bad debt write off Depreciation 395.597 27,739 15,952 12,514 1,225 30,939 72,467 1,971 24,784 26,925 965 450 432.625 37,769 16.921 4,609 3,314 12.251 64,471 1,953 25,946 24,447 375 611,528 624,681 Support costs Salaries, wages & other related costs Other office costs 6,235 3,132 6,819 2,164 9,367 8,983 Governance costs Salaries. wages and other related costs Accountancy fees Audit fees Governance costs - legal and other professional fees Bank Charges 2,510 11,570 6,300 14,054 2,745 14,844 7,780 5,495 366 34,434 31,230 Expenditure on charitable a¢tFvities 655,329 664,894 Net gainsl(losses} on investments Gainsl{losses) on listed investments 2,212 {1 ,242) Net lexpenditureifincome {62,000) 32.778 38