The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital)
Annual Report and Unaudited Financial Statements
for the financial year ended 30 June 2024
Malone Accounting Ltd 12 Causeway Road NEWCASTLE Down BT33 0DL Northern Ireland
Company Number: NI662333 Charity Number: 107529
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) CONTENTS
| Page | ||
|---|---|---|
| Reference and Administrative Information | 3 | |
| Trustees' Annual Report | 4 - 5 | |
| Statement of Trustees' Responsibilities | 6 | |
| Independent Examiner's Report | 7 | |
| Statement of Financial Activities | 8 | |
| Balance Sheet | 9 | |
| Notes to the Financial Statements | 10-15 |
2
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION
Bybit Pamela Areketa Leslie Carol Altic Matthew Allen (Appointed 2 February 2024) Sean McDaid (Appointed 16 January 2024)
Trustees Bybit Pamela Areketa Leslie Carol Altic Company Secretary Michelle Marie Bradley Charity Number in Northern Ireland 107529 Company Registration Number NI662333 Registered Office Houben Centre Holy Cross Church 432 Crumlin Road Belfast BT14 7GE Independent Examiner Malone Accounting Ltd 12 Causeway Road NEWCASTLE Down BT33 0DL Northern Ireland
Hannah Brown (Resigned 15 September 2023) Emma Fraser (Resigned 21 September 2023) Karen McCloskey (Resigned 26 October 2023) Aisling Kelly Cooper (Resigned 17 June 2024)
Principal Bankers
HSBC 25-29 Royal Avenue Belfast County Antrim BT1 1FB Northern Ireland
3
The Parent Rooms Ltd (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT
for the financial year ended 30 June 2024
The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 30 June 2024.
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of The Parent Rooms Ltd present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 June 2024.
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.
Mission, Objectives and Strategy
Mission Statement
The purpose of the charity as set out in its governing document is to advance health and wellbeing, particularly mental health, of pregnant women, parents, their support networks and the health professionals, volunteers and other related professions supporting them.
The main activities undertaken in relation to those purposes are creating and sustaining peer support networks led by parents, providing wellbeing programs, counselling and social connection. Training and education are also provided on parental mental illness and its treatments as well as training for peer support leaders.
Review of Activities, Achievements and Performance
The focus of the past year has been on stability and perfecting our offering to parents. Our staff team remained the same, but with the addition of an apprentice fundraiser funded by Rank Foundation for the period of one year. Our suite of programs was perfected and we delivered a full year of activities to over 400 parents.
We began testing our new monitoring and evaluation framework which showed very promising results, with 85% of parents experiencing improvement in their mental health, 68% experiencing an improvement in their parenting, and 59% experiencing an improvement in their physical health. 100% of parents rated our course content as ‘Excellent’.
Our counselling service also continues to thrive with our waiting list now completely empty due to our new sign up process. Parents attending counselling reported a 66% decrease in psychological distress on average. Our social connection activities in Belfast and Ballymena also continue to grow in popularity.
Overall, it has been a very successful year.
Financial Review
A difficult funding environment has meant that most of the funding received this year was restricted, with a sum of £104,167 being rolled forward into the new financial year. This year also saw our annual income grow slightly to £255,366. Our reserves continue to be very small (£6533) as we have had limited success with fundraising due to capacity and funding. We trust that the next financial year will see us being able to increase the delivery of our services through further growth.
Financial Results
At the end of the financial year the charity has assets of £106,952 (2023 - £95,443) and liabilities of £2,785 (2023 - £5,243). The net assets of the charity have increased by £13,967.
4
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT
for the financial year ended 30 June 2024
Trustees
The trustees who served throughout the financial year, except as noted, were as follows:
Leslie Carol Altic Bybit Pamela Areketa Sean McDaid (Appointed 16 January 2024) Matthew Allen (Appointed 2 February 2024) Hannah Brown (Resigned 15 September 2023) Aisling Kelly Cooper (Resigned 17 June 2024) Emma Fraser (Resigned 21 September 2023) Karen McCloskey (Resigned 26 October 2023)
In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election.
The secretary who served during the financial year was:
Michelle Marie Bradley
Compliance with Sector-Wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. The Parent Rooms Ltd subscribes to and is compliant with the following:
-
The Companies Act 2006
-
The Charities SORP (FRS 102)
Approved by the Board of Trustees on 1 November 2024 and signed on its behalf by:
________
Leslie Carol Altic Trustee
5
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES' RESPONSIBILITIES
for the financial year ended 30 June 2024
The trustees, who are also directors of The Parent Rooms Ltd for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
The trustees 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 1 November 2024 and signed on its behalf by:
________ Leslie Carol Altic Trustee
6
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE PARENT ROOMS LTD
We have examined the financial statements of the charity for the financial year ended 30 June 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this 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 work, or for this report.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.
It is our responsibility to:
-
examine the financial statements under section 65 of the Charities Act;
-
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
-
state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006
-
the financial statements do not accord with those accounting records
-
the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of 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 (FRS102)
-
there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
__________ Aidan Malone MALONE ACCOUNTING LTD 12 Causeway Road NEWCASTLE Down BT33 0DL Northern Ireland
Date: 1 November 2024
7
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 30 June 2024
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |||
| Notes | £ | £ | £ | £ | £ | £ | ||
| Income Donations and legacies Charitable activities |
3.1 | 35,275 | - | 35,275 | 46,368 | - | 46,368 | |
| Grants from governments | 3.2 | 2,000 | 203,263 | 205,263 | 25,000 | 182,094 | 207,094 | |
| and other co-funders | ||||||||
| Activities for generating | 3.3 | 14,828 | - | 14,828 | - | - | - | |
| funds | ||||||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Total income | 52,103 | 203,263 | 255,366 | 71,368 | 182,094 | 253,462 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Expenditure Raising funds |
4.1 | 10,578 | - | 10,578 | - | - | - | |
| Charitable activities | 4.2 | 54,300 | 176,521 | 230,821 | 101,528 | 130,130 | 231,658 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Total Expenditure | 64,878 | 176,521 | 241,399 | 101,528 | 130,130 | 231,658 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Net income/(expenditure) | (12,775) | 26,742 | 13,967 | (30,160) | 51,964 | 21,804 | ||
| Transfers between funds | 123 | (123) | - | - | - | - | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Net movement in funds for | (12,652) | 26,619 | 13,967 | (30,160) | 51,964 | 21,804 | ||
| the financial year Reconciliation of funds: |
||||||||
| Total funds beginning of the | 12 | 19,185 | 71,015 | 90,200 | 49,345 | 19,051 | 68,396 | |
| year | ||||||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Total funds at the end of | 6,533 | 97,634 | 104,167 | 19,185 | 71,015 | 90,200 | ||
| the year | ||||||||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 10 to Error! Bookmark not defined. form part of the financial statements
8
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) Company Number: NI662333 BALANCE SHEET
as at 30 June 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Fixed Assets | ||||
| Tangible assets | 8 | 3,577 | 5,366 | |
| Current Assets | ─────── | ─────── | ||
| Debtors | 9 | 6,908 | - | |
| Cash at bank and in hand | 101,170 | 90,077 | ||
| ─────── | ─────── | |||
| 108,078 | 90,077 | |||
| ─────── | ─────── | |||
| Creditors: Amounts falling due within one year | 10 | (7,488) | (5,243) | |
| ─────── | ─────── | |||
| Net Current Assets | 100,590 | 84,834 | ||
| ─────── | ─────── | |||
| Total Assets less Current Liabilities | 104,167 | 90,200 | ||
| ═══════ | ═══════ | |||
| Funds | ||||
| Restricted trust funds | 97,634 | 71,015 | ||
| Designated funds (Unrestricted) | - | 9,567 | ||
| General fund (unrestricted) | 6,533 | 9,618 | ||
| ─────── | ─────── | |||
| Total funds | 12 | 104,167 | 90,200 | |
| ═══════ | ═══════ |
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
For the financial year ended 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The trustees confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on 1 November 2024 and signed on its behalf by
________ Leslie Carol Altic Trustee
The notes on pages 10 to Error! Bookmark not defined. form part of the financial statements
9
The Parent Rooms Ltd (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
1. GENERAL INFORMATION
The Parent Rooms Ltd is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is Houben Centre, Holy Cross Church, 432 Crumlin Road, Belfast, BT14 7GE which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 30 June 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.
Unrestricted funds
Unrestricted funds consist of General funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
Income from charitable activities
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.
10
continued
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
Grants from governments and other co-funders typically include one of the following types of conditions:
Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.
Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Plant and machinery
20% Straight line
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months’ notice of withdrawal.
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. The charity is not registered for vat.
11
continued
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
| 3. | 3. | INCOME | |||||
|---|---|---|---|---|---|---|---|
| 3.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2024 | 2023 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Donations and legacies | 35,275 | - | 35,275 | 46,368 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| 3.2 | CHARITABLE ACTIVITIES | Unrestricted | Restricted | 2024 | 2023 | ||
| Funds | Funds | ||||||
| Grants from governments and other | co-funders: | £ | £ | £ | £ | ||
| Income from charitable activities | 2,000 | 203,263 | 205,263 | 207,094 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| 3.3 | OTHER TRADING ACTIVITIES | Unrestricted | Restricted | 2024 | 2023 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Fundraising | 14,828 | - | 14,828 | - | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| 4. | EXPENDITURE | ||||||
| 4.1 | RAISING FUNDS | Direct | Other | Support | 2024 | 2023 | |
| Costs | Costs | Costs | |||||
| £ | £ | £ | £ | £ | |||
| Raising funds | 5,704 | - | 4,874 | 10,578 | - | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | |||
| 4.2 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2024 | 2023 | |
| Costs | Costs | Costs | |||||
| £ | £ | £ | £ | £ | |||
| Expenditure on charitable activities | 183,172 | - | 46,118 | 229,290 | 229,989 | ||
| Governance Costs (Note 4.3) | 1,531 | - | - | 1,531 | 1,669 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| 184,703 | - | 46,118 | 230,821 | 231,658 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | |||
| 4.3 | GOVERNANCE COSTS | Direct | Other | Support | 2024 | 2023 | |
| Costs | Costs | Costs | |||||
| £ | £ | £ | £ | £ | |||
| Charitable activities - governance | 1,531 | - | - | 1,531 | 1,669 | ||
| costs | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 5. | ANALYSIS OF SUPPORT COSTS | ||||||
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| General office costs | 13,740 | 7,220 | |||||
| Premises | 37,252 | 32,947 | |||||
| ─────── | ─────── | ||||||
| 50,992 | 40,167 | ||||||
| ═══════ | ═══════ |
12
continued
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
| 6. | 6. | NET INCOME | 2024 | 2023 |
|---|---|---|---|---|
| £ | £ | |||
| Net Income is stated after charging/(crediting): | ||||
| Depreciation of tangible assets | 1,789 | 1,789 | ||
| Independent Examiner's remuneration: | ||||
| - independent examination services | 1,531 | 1,669 | ||
| 7. | EMPLOYEES AND REMUNERATION | ═══════ | ═══════ | |
| The staff costs comprise: | 2024 | 2023 | ||
| £ | £ | |||
| Wages and salaries | 120,509 | 98,434 | ||
| Social security costs | 5,673 | 3,507 | ||
| Pension costs | 3,616 | 2,317 | ||
| ─────── | ─────── | |||
| 129,798 | 104,258 | |||
| ═══════ | ═══════ | |||
| The average head count of employees during the year was 5 (2023:5) | ||||
| The key management personnel are the trustees and the chief executive. | ||||
| No employee earned more than £60,000 per annum (2023- nil). | ||||
| The trustees were not paid or reimbursed for expenses during the year. | ||||
| 8. | TANGIBLE FIXED ASSETS | |||
| Plant and | Total | |||
| machinery | ||||
| £ | £ | |||
| Cost | ||||
| At 30 June 2024 | 8,944 | 8,944 | ||
| ─────── | ─────── | |||
| Depreciation | ||||
| At 1 July 2023 | 3,578 | 3,578 | ||
| Charge for the financial year | 1,789 | 1,789 | ||
| ─────── | ─────── | |||
| At 30 June 2024 | 5,367 | 5,367 | ||
| ─────── | ─────── | |||
| Net book value | ||||
| At 30 June 2024 | 3,577 | 3,577 | ||
| ═══════ | ═══════ | |||
| At 30 June 2023 | 5,366 | 5,366 | ||
| ═══════ | ═══════ | |||
| 9. | DEBTORS | 2024 | 2023 | |
| £ | £ | |||
| Trade debtors | 2,205 | - | ||
| Taxation and social security costs | 4,703 | - | ||
| ─────── | ─────── | |||
| 6,908 | - | |||
| ═══════ | ═══════ | |||
| 10. | CREDITORS | 2024 | 2023 | |
| Amounts falling due within one year | £ | £ | ||
| Trade creditors | 7,488 | 4,043 | ||
| Accruals and deferred income | - | 1,200 | ||
| ─────── | ─────── | |||
| 7,488 | 5,243 | |||
| ═══════ | ═══════ |
13
continued
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
11. RESERVES
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| At the beginning of the year | 90,200 | 68,396 | |||
| Surplus for the financial year | 13,967 | 21,804 | |||
| ─────── | ─────── | ||||
| At the end of the year | 104,167 | 90,200 | |||
| 12. | FUNDS | ═══════ | ═══════ | ||
| 12.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |||
| £ | £ | £ | |||
| At 1 July 2022 | 49,345 | 19,051 | 68,396 | ||
| Movement during the financial year | (30,160) | 51,964 | 21,804 | ||
| ─────── | ─────── | ─────── | |||
| At 30 June 2023 | 19,185 | 71,015 | 90,200 | ||
| Movement during the financial year | (12,652) | 26,619 | 13,967 | ||
| ─────── | ─────── | ─────── | |||
| At 30 June 2024 | 6,533 | 97,634 | 104,167 | ||
| ═══════ | ═══════ | ═══════ |
14
continued
The Parent Rooms Ltd
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024
| 12.2 | 12.2 | ANALYSIS OF MOVEMENTS ON | FUNDS | ||||
|---|---|---|---|---|---|---|---|
| Balance | **Income ** | Expenditure | Transfers | Balance | |||
| 1 July | between | 30 June | |||||
| 2023 | funds | 2024 | |||||
| £ | £ | £ | £ | £ | |||
| Restricted funds | |||||||
| Awards for All | - | 10,000 | 8,672 | - | 1,328 | ||
| BCPP Pharmacy | 56 | - | - | (56) | - | ||
| Belfast City Council | 10,000 | 20,000 | 20,000 | - | 10,000 | ||
| BHSCT | 1,765 | 8,443 | 7,595 | - | 2,613 | ||
| CFNI (New Voices) | - | 5,000 | (5,000) | - | - | ||
| Enkalon Foundation | - | 1,000 | (466) | - | 534 | ||
| Halifax Foundation | - | 191 | - | - | 191 | ||
| Ireland Funds | 6,000 | - | 6,000 | - | - | ||
| Ireland Funds GB (Space for Me) | - | 9,500 | - | - | 9,500 | ||
| Making Lives Better (PHA) | 54 | - | - | (54) | - | ||
| Mental Health Support Fund | 2,500 | 15,214 | 17,714 | - | - | ||
| Nespresso | - | 3,705 | (3,705) | - | - | ||
| Pilgrim Trust | 18,687 | 27,775 | 29,220 | - | 17,242 | ||
| Pilgrim Trust Core | - | 2,207 | - | - | 2,207 | ||
| Rank Foundation (Time to Shine) | - | 29,800 | (12,885) | - | 16,915 | ||
| Rank Foundation Core | 15,000 | - | (14,556) | - | 444 | ||
| Rank Foundation Salary | 18,665 | 25,000 | 35,439 | - | 8,226 | ||
| Social Supermarket (BCC) | (1,399) | - | - | 190 | (1,209) | ||
| Social Supermarket 2 | (313) | 503 | - | (190) | - | ||
| Social Supermarket 23-24 | - | 4,925 | (4,932) | (13) | (20) | ||
| Summerhill | - | 10,000 | (6,013) | - | 3,987 | ||
| Trusthouse Foundation | - | 30,000 | (4,324) | - | 25,676 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| 71,015 | 203,263 | 176,521 | (123) | 97,634 | |||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Unrestricted funds | |||||||
| Ajaz Ahmed | 9,567 | 30,000 | 39,567 | - | - | ||
| General | 9,618 | 20,103 | 25,129 | 123 | 4,715 | ||
| Flax House | - | 2,000 | 182 | - | 1,818 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| 19,185 | 52,103 | (64,878) | 123 | 6,533 | |||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Total funds | 90,200 | 255,366 | 241,399 | - | 104,167 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | |||
| 12.3 | ANALYSIS OF NET ASSETS BY | FUND | |||||
| Fixed | Current | Current | Total | ||||
| assets | assets | liabilities | |||||
| - charity use | |||||||
| £ | £ | £ | £ | ||||
| Unrestricted general funds | 3,577 | 103,375 | (2,785) | 104,167 | |||
| ─────── | ─────── | ─────── | ─────── | ||||
| 3,577 | 103,375 | (2,785) | 104,167 | ||||
| ═══════ | ═══════ | ═══════ | ═══════ |
13. STATUS
The charity is limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
14. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
15