COMPANY REGISTRATION NUMBER: 2629063 CHAR Thy AEGISTRATION NUMBER: 1033103 Raphael Centre Company Limited by Guarantee Unaudited Financial Statements 31 March 2021 ER AT Chartered accounlanls Ground Floor 23 Westfield Park Redland Bristol BS6 6LT llii *A412FRbiP 10112r2021 COMPANIES HOUSE A13
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Raphael Centre Company Limlted by Guaramee Flnancial Statements Year ended 31 March 2021 Page Trustees. annual report (incory)orating the directorfs report) Independent examiner's report to Ihe iruslees Statement of financial activilies (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not forni part of the financial SLitements Detailed statement of financial activities 17 Notes to the detailed stalement of financial acttvities 19
Raphael Centre Company Limiied by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2021 The liust8es, who are also the directors lor the purposes of company law, Presenl their port and Ihe unaudited financial slalements of the charity for the year ended 31 March 2021. Reference and admlnistrallve details Reglstered charlty name Raphael Centre Charfty reglstratlon number 1033103 Company reglslrallon number 2629063 Prlnclpal offlce and reglstered Raphael House 3 Hillside Cotham Bristol BS6 Pp The trustee8 Mr A 8renard Ms L Mantin Mr G Trnial MsAJay IArv)inted 30 June 20201 Company secTetsry E Winkler Independent examlner Roger C Oalen Charteraj Accountants Ground Floor 23 Westtiekl Park Redland Bristol BS6 6LT The charty is registered under the Companies Acl 2(M)6 and is limited by guarantee. Its objects and constitution are defined in its Goveming Do¢ument. The Memorandum and the Articles ol the Association. The directors of the company are also charity Trustees lor Ihe purposes ol ¢harity law and are known as members of the management cofflmtttee. The members vA)o served Ihroughoul the yeaf and up lo Ihe date ol this report are listed on page l. Objeclives and actlvllies lor the public benefit The objects of the charity are as defined in the charitys governing dctument and conlinue to be to provide care and associated facilities lor adults who by reason ol genelic or other disabilities are mentally handicapped and in need of care and supwrt to assisi them in overcoming poverty or conditions ol hardship or distress and to enable them to live as tull and independent a lite as possible.
Raphael Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlreclor's Report) (Co1) Year ended 31 March 2021 A¢hievemont$ and perfom)an¢e staffing and Trainlng We have had staffing changes during this year due to CorOnawr, Michaela Christian a Lucy Mackilligan were furloughed from 1st April until 1st Seplember 2020. LUGY, Fran Ward & Lisa Van Devoort left employment during ihis year. Michaela slarted maternity teave in Septemtr 2020. aThJ we gained new staff members - Chloe Morris. Megan Buxlon. We also to¢ on Abi Legg. Chiara DuaTh1 & Ella Robertshaw as bank Siaff. Trasning was restricted due to lockdown. however, we managed to complete Safeguarding & Flig Marshall trning. Mainlenance The main stonework has dominated and has been paid for by the Landlord. The Raphael Centre has contribLtled to various other issues in the house such as the plumbing work & radiators. Tenants Report We have had a full house ol nine sthce users for the whole year. Flnancial revlew Our finances have been atteed by 2 main difficulties- Firslly, the pandemic resulting in lockdowns meant we have spent more on slaffing & heaAhlsalety supplies than usual. This was partially offset by grants from local council. The other issue has been the ongoing building wort(s which has resulted in extra costs although, Raphael Centre did not be the main burden ol these and we have only been oul of pod(el by a small delial. This is due to extra income received through fundraising. We would like to thank: Wolfson Foundation. John James, & Baity Thomas for their generous support over the last couple of years Resetves Pollcy The ¢harity requires suff icienl reserves. in the fomi ol wothing camal, in order to operate. The management committee consider that a level representing three month's trading expenses would be juslifiable. Historically levels ol reserves have been subslanlially below this figure. The charty aims lo increase its reserves to that level as trading condilions permil, but not ai the expense ot the aims ol the charity. This policy will be rewewed annually by Ihe management committe8 belore lh& Annual General Meeting. and submitted lo the meeting lor approval.
Raphael Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating ihe Director's Reporl) (cortIno) Year ended 31 March 2021 Financial review {¢oiilim*O) Investment Pollcy Aside from retaining a prudent amount in reserves each year most ol the money is spent in the short term so there are few funds for long tem investment. Having OptnS available, the Manag8m8nl Cornmittee has deThded lo invest the available lunds in elhical deposits. This has been the policy lor many years arKI the Managemenl Cornmillee has been satislied th the return from this tyFe of deposit. Prlncipal Risks and Uncertalntles The Management Committee has conducted a review of Ihe major risks to which Ihe charity is exposed. Where appropriate, sysiems or procedures have been established to mitigate the risks Ihe charity faces. External risks to funding cannot be inlluenced bul are monilored closely. Intemal control risks are minimised by the implementation ol procedures for authorisalion ol all transaclions and projects. Procedure5 are in place lo ensure compliance wilh health and safety of statt, volunteers, and residents. These procedures are periodical revbewed to ensLJre that they continue to meet the needs of the charity. Small company provisions Thi5 reFQrt has been prepared in accordance vAth Ihe provision5 applicable to companies entitled to the small companies exemption. The trustees. annual rep)rt was apwoved ¢)nlO V Zo 11.. and signoJ on behalf of the board of trustees by: E Winkler Charity Secretary
Raphael Centre Company Llmiied by Guaraniee Independenl Examinw's Report to the Tyuslees of Raphael Centre Year ended 31 March 2021 I report to the trustees on my examination of the financial statements of Raphael Centre Ilhe charit) for the year ended 31 March 2021. Responslbllltles and basls of report The ITuslees are also the directors of the Company lor the WlSe5 ol ¢ompany law are iesponsible lor the preparation of the financi statements. The trustees consider that an audit is not required lor Ihis year under section 144121 of th8 Charities Act 2011 (the 2011 Acll and thal an independent examination is needed. The chartys gross incA)me exceeded £2SO,000 and l arn qualrfied to undertake Ihe examination by being a qualified rnernr ol 'Accounting Having salisfied mysell that the charity is not subject lo audit uNler ¢ompany law and is eligibkg lor Independent examination, il is my responsibility to- examine the accounts under section 145 01 the 2011 Acl.. lo follow the procedures laid down in the gener Directions given by Ihe Charity Commission under section 14515)Ib) ol Ihe 2011 Act,. and to stale whether particular matters have come to fny attenti. Independent examlnees statement Since the charitys gross income exceeded £250,OCKJ your examiner musl be a member ol a body listed in section 145 ot the 2011 A¢t. I conlirm that l am qualffied to undertake the examination because l am a member of the Institute of Chartered Accounlanls in England and Wales IICAEWI, which is one ol thg lisled bodbes. In ¢onnection with my examinatlon, no matter has come to my attention.. 111 which gives me reasonable cause lo believe thai in any materi& respect Ihe requirements.. lo keep accounting records in accordance ith section 386 of the Companies Act 2006. and to Prepare accounts which accord with the accounling records, Comply wilh the a¢counliftg requirements of section 396 of the Companies Act 2c(16 and with the methods and principl&s ot the Stalernent ol Recommended PralCe. Accounlrng and RertIng by Charities have not been mel, or 121 to which. in my opinion. attention should be drawn in orir lo enable a proper understanding ol the accounls to be reached." Roger C Oalen Chartered Accountants Independent Examiner Ground Floor 23 Wesrfield Park Redland 8ri5tol 8S6 6LT I..trL
Raphael Centre Company Limiled by Guaranlee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2021 2021 Unrestricted funds Total funds Total funds 2020 Noto Income ond endowmenls Donations arKI legacies ChaTilable activities Investment income 49,291 279,657 92 49.291 279,657 92 60.595 277,929 266 Total Income 329,040 329,040 338,7 EXpendIre Expenditure on charitable activities Total expendllure 325,183 325,183 325,183 325.183 345,860 345,860 Net Incomel(expendtture) and net movemenl In funds 3,857 3,857 17,0701 Reconclllatlon of lunds Total lunds brought lorvlard Total funds carrled lonyard 79.950 83.807 79.950 83.807 87,020 79.950 The statement of linancial activities includes all gasns and losses re¢ognised in the year. All income and expenditure derive Irom continuing activities. Th• notss on pag•$ 7 to 15 fomi part ol these finan¢l•l statements.
Raphael Centre Company Limited by Guarantee Statement of Financial Posltlon 31 March 2021 2020 Fixed assets Tangible lixed assets 15 280 1,954 Cuprent assets Debtors Cash al bank and in hand 16 32,436 78,715 23,494 98,473 111.151 121.967 Credltors: amourts falllng due wlthln one year Nel currenl assets 17 27,624 83.527 43,971 77,996 Total ass8ts less current liabilities 83,807 79,950 79.950 Nel assets 83,807 Funds ol the charlty Unrestricted funds 83,807 83.807 79,950 79,950 Totsl charlty funds For the year en(Ing 31 March 2021 the charity was entitted lo exemplion Irom audil under section 477 ot the Companies Acl 2006 Telating lo small companies. Oireclors, responsibdilies: The members have not required the company to obtain an audit ol its financial statements lor the year in question in accordance with section 476- The threctors aCkn(hedge their responSlI1eS for comthirrfj *ith the requirements of the Act with respect lo accounting fecords and the preparation of financial staternenls. These financi slalemenls have been prepared in accordance with the provisions applicable to companies subject to Ihe small companies, regirne. These financial statements were appfoved by the tjoard ol trustees and aulhorised for issue on .ZPnd are sned otkbehaif ol the board by.. A Brenard E, W The nol•s pag•s 7 to 15 f¢Jmi part of th•so financial statemen
Raphael Centre Company Limiied by Guarantee Noies to the Flnancial Slatements Year ended 31 March 2021 General information The charity is a public benefrt entty and a private cornpany limited by guarant8e, registered in England and Wales and a registered charity in England and Wales. The address ol the Tegistered office is Raphael House. 3 Hillside, Cotham. Brislol, BS6 6JP. Statement ol ¢ompllan¢e These financial statements have been prepared in ccrfnpiiance with FRS 102. The Financial R8porb"ng Standard aptc*tr in the UK and the RepU1C ot Ireland., the Siatoment ol Recomm8nded Practice Wicable to charities preparing Iheir accounts in accordance Wth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 ICharili8s SORP IFRS 102)) and the Companies Act 2006. A¢counting policies Basls of proparallon The financial slatements have been prepared on the hisiorical $t basis, as modified by the revaluation ol certain financial a55ets and liabililies and investment properties measured al fair valu8 Ihrough income or expendrture. The financial statements are ppared in sterling, which the functional currency of the enlity. Golng ¢on¢ern There are no material uncertainties aboui the dMriVs ability to continue. Fund accounilng Unrestricted lurKls are availatAe lor use at the dis¢retron of the trustees to further any ol the ¢haritYs purposes. Oesignated funds are unrestricted funds eamiarkeLI by the trustees for particular fulure project or GrnItMent. Restricted funds are subJ'eGted to restridions on their expenditure declared by the donor or through the lernis ol an appeal, fall into one ol sutpclass8s: restricted income funds or endowment funds.
Raphael Centre Company Limited by Guarantee Notes to the Financial Statements (con0nl Year ended 31 March 2021 Accountlng policies kncoming resources All incoming iesources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economK benefits associated vith the transaction will flow to the charily and the amount can be reliabty measu¥ed. The following specific policies are aFplied to particular eategories ol income: income from donations or grants is recognised then there is evJd&nce ol enlitlèment lo Ihe gift, receipt is probable and ils amount can be measured reliabty. legacy income is recognised when receipt is F*obable and enlitlemenl is established. in¢ome from donated goods is measured at the lar ue ol the goods unless this is impractical lo measure reliabiy. in which case the value is de¥ived from Ihe cost lo the donor or the estimated resale value. Donated facilities and serwces are recogni5ed in the accounts when received rf the value be relTabty measured. No amounts are included lor the contribution ot general volunteers. income from conliacls lor the supply of seTwces is recognised ts1h the delivery of the contracted seThice. This is cLassrfied as unrestricted funds unless there is a conlraclual requlrement for it lo be spent on a particular purpose and relumed If unspent, in whlch case l rnay be regarded as restricted. Aer•oUr$ ewndgd Expenditur& is recognised on an accruals basis as a liatslity is incurred. Expenditure includes any VAT which cannot be lully recovered. and is da8Srfd under headings ol the statement of financial activities lo which it relates-. expenditure on raising funds includes the costs of all fundraising activities. 8vonls, non- charitable trading activities, and ihe sale ol donated goods. expendilure on charitable activities includes all costs incurred by a charty in undertaking activities Ihat further its charitable aims lor the benefit of its beneficiaries, including those support cosls arKI costs reSaling lo Iho governance ol ihe charity apportioned lo ¢haiilable activities. Olher expendilure indudes all expendilure that is neilher related lo raising lunds for the charity nor part ol tts expendrture on charitable actiwties. All costs are allctated lo expendilure cale97eS rellecling Ihe use of Ihe resource. Direct cosls attributable lo a single activrty are alb)cated directty lo that acltvity. Shared cosls are apportioned belween the aciiwiies they contribule lo on a rea50nabFe, justifiable and consisienl basis. Tanglble assets Tangible assets we inrtially recorded * cost, and subsequenlty slated al cost less any accumulated depre¢iabon and impairment losse5. Any tangible assets carried at revalued amounts are recorded at the lair value al the date ol revalualion less any subsequent accumulated deprecialion and subsequent accumulated impaiment knsses.
Raphael Centre Comyny Limited by Guaranto• 140ts$ to thtr Financial StatementsfrtsA Year end•d 31 IAaTch 2021 ireaSe in Ihe cwYrj amwrn d an as a resutt of a revakjakn, 15 rewNsBd ID othw as exThrtUre lthn i+ StslemBnl ol finar4 actMiWS. A d8Ut&se m Ihe Carrying amtyJni of an Set as a resul ol revabJaiw. i% re¢(OnL in other fecognwj gaNKS k)SEes, o1heri8c0gr$ed gans k)sses th8 Offwci acwbes. yUe, over th¢ ua8fv1 bfe ol thai assel as fLg10%." and fftbng amwnt twwJ esiimated wthere wch in(katS exist. Whwe the ¢arTring vue exceeds the recoverable amoJrt. IhE aet is imwred accar(thryty. Prior nrIn&¥ are atso revie*J for SSIb reversal al rewrtw daie. afflounl of an ithvJual a68et. an g&tsBate Is made of thp rBw4wable arnourt d the caEh. generabng unit lo whth the a£s¢t bek)ThJ> The ¢ashw8rating unit is the sm¥lesi entleA¢ ac111 dale, dkjcatsl to eath of the casWwaDw untis that are expeGted to from are a$gned lo Ihose unit5. Ihe grani imKyJse speLtsd tuture pertcanCatL¥J Condit on the repini. il is ecOgTh In 1me wthen the Frfomiarrated KhI$ have been met. Whw8
Raphael Centre Company Limited by Guaraee Noies to Ihe Flnanclal Statements (c¢tId) Year ended 31 March 2021 A¢¢ountlng polldes {AlInal Financial instNments A finala1 asset or a financial liablity is recognised only when the charity becomes a party to the conlractual prwsions ol the instrument. Basic financia instruments are initially recognised al the amount reCeiVae or payable including any related transaction SIs. Current assets and currenl liabilities are subsequenly measured at the cash or olher considerabon expected lo be paid or received and nol discounted. Debt instruments are subsequenlly measured al amortised cosL Where inveslments in shares are publicly traded or their tair value can otherwise be measur reliably, the investment is subsequently measured al tair value with Changes in lair value recognised in income and expenditure. ottr such investrnents are subsequently measured at cost less impairment. Other financial instrumenls, including dertvatives. are int11lY recognised at fair value, unless payment for an asset is deferred beyond normal business term5 or financed at a rate of interest Ihal is not a market Yale, in which case the assel is measured at the sxesenl value of the lulure payments discounted al a market rate ol inlefest for a similar debt inslrurnerrt. Other linancial instruments are subsequenlty measufed at fair value. wth any changes recognised in the statement ol financial activities, wth Ihe exception ol hedging instruments in a deslghated hedging relationship. Financial assets that are rneasured al cost or amorbsed cost are reviewed for objective evidence of impairment at the end of eath reporting date. 11 ihere is objeclive evmlence of impairmenl. an impwrmenl loss is recognised under the appTowale heading in the statement of financial activities in vthich the inr(ial gain was reCognis. For all equity instruments regardless of significance, and other financial assels that are individually signilicanl, these are assessed indivicsually lor impairment. Olher financial assets are either assessed indiwdually or grouped on the basis of sirnilaT uedit risk chara¢leristics. Any reversals of impairmeni are recognised immecthalety. to Ihe extent ihai the reversal does rM)I result in a carrwng amount ol the linan¢ial assei that ex¢eeds what the carying amounl woukl have been had the impaimient nol prewously been Te¢cgnised. Deflnad contribullon plans ContrilJJtions lo defined contribution pLgns are rec(>Jnised as an expense in the period in which the related sermce is prowded. Prepaid contributions are recognised as an assel io Ihe extèni that the prepayment wll lead to a reduction in future payments or a cash refund. 10
Raphael Centre Company Llmiied by Guarantee Notes to Ihe Financial Statements (C Year ended 31 March 2021 Accounting policies (¢OftthJj Delined ¢ontTibution plans [¢0 When Gontribulions are Th)t expect to be settled wholly within 12 monlhs of the end of the reporting date in which the employees render the related serwce. the liabtlily is measured on a discounted presenl value basis. The unwinding of the discount is Tecognised as an expense in the period in which r( arises. Llmlted by guarantee The company is limited by guarantee not haling share capital. Donation$ and lega¢i¢s Unreslricted Total Funds Unrestricted Total Fund5 Funds 2021 Funds 2020 Granls Granls receivable Covid relaled Granls receivable non-covid related Government grant income CJRS 1.392 11,256 1,392 11,256 Olher donailons and lega¢les Other donations and legacies 29.600 29.600 60,595 60.595 60,595 60,595 49.291 49.291 Charltable activllles Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Residential suppjrt income Recharged expendtture 264.486 15.171 264.486 15,171 257.518 20,411 277.929 257.518 20,411 277,929 279,657 279,657 Investment Income Unrestricted Total Fun(ts Uftreslricled Total Funds Funds 2021 Funds 2020 Bank interest receivabl8 92 92 266 266 11
Raphael Centre Company Llmiied by Guaraniee Notes io the Financial Statements Iconfymmd) Year ended 31 March 2021 Expenditure on ¢harilable activities by lund type Unrestricted Tolal Funds Unrestrithed Tolal Funds Funds 2021 Funds 2020 Residential support Support costs 256,101 69,082 256,101 69,082 325,183 258.878 86.982 345,860 258.878 86,982 345.860 325.183 Expenditure on charitsbl¢ aclivities by actlvity type Acliwties uThJertaken directly Suwort costs Total lunds 2021 Total lyn<l 202D Rgsidenlial support Governance costs 256,101 56,473 12.609 312.574 12.609 331,235 14,625 256,101 69,082 325,183 345,860 10. Analysis of support costs Analysis of swport costs a1Vity 1 Tal 2021 Total 2020 Premises Communications and IT General ollic8 45,654 5.186 7,522 45,654 5.186 7.522 $8,362 61,188 2.314 8,856 72.358 58,362 11. Nol lnc¢wnel(exndJlvrn) Not income/{exper11uT9) is slaled after ChargineI"ng)= 2021 2020 Depreciation of tangible fixed assets 1.674 1,728 12. Independent examination fe¢s 2020 Fees payable lo the indepèndent examiner for: Independent examination of the financial statements l.oc ' 1.000 12
Raphael Centre Company Limiied by Guarantee Notes to the Flnancial Statements (cortthi Year ended 31 March 2021 13. Slaff cos1$ The total staff costs and ernOyee benefits for the reFQfting perbc#J are analysed as follows.. 2021 2020 Wages and sdaries Social security costs Employer conlribulions lo pension plans 185.422 10,195 3,815 199.432 169,104 9,851 3.330 182.285 The average head ¢ount of emptoyees during the year was 1012020.. 101. The average r4Jmber' of full-time equivalent employees ¢A]ring the year is analysed as follows.. 2021 No. 2020 No. Management Administration Direct Charitable 10 No employee received employee benefits of more than £60.OCKI thjring th8 year12020: Nill. 14. Trustee remunerallon and expenses No Trustgos rocaived rqmuneralion or honorarium during the year. Nor did thgy rgceive any expenses. No employee received remuneration in excess 01 £60,000 p.a. 15. Tangible flxed assets Flxlures and littings Cost At 1 Aprll 2020 and 31 Uarch 2021 Depreclallon Ai l A4)iiI 2020 Charge lor the year At 31 March 2021 43,131 41,177 1,674 42,851 Carrying amount At 31 March 2021 At 31 March 2020 1,954 13
Raphael Centre Company Lirniled by Guarantee Notes lo the Financial Statements (¢Mtknwd) Year ended 31 March 2021 16. Debtors 2020 Trade debtors Prepaymenis and acGwed income 25,800 6.636 13.324 10.170 32,436 23,494 17. Credllors: amounls falllng due wlthln on• year 2021 2020 Bank loans and overdfafts Trade credito Accruals and deferred income SOCI se¢urily and oiher taxes 393 2,014 21,598 3,619 27.624 305 5,304 35,101 3.261 43,971 18. Penslons and other posl rellremenl beneflts Deflned contrlbu¢lon plans The amount recognised in income or expenditure as an gxp8ns8 in relation to defined contribution plans was £3,81512020: £3.3301. 19. Governmenl grants The amounls re¢ognFsed in the linanoal slalements lor govemmenl grants are as lollows.. 2020 Recognised in income from donations and legacies.. Govemment grants in¢ome 11,256 14
Raphael Centre Company Llmited by Guarantee Notes to the Flnancial Statements Year ended 31 March 2021 20. Analysis ol ¢harllable funds Unrestricled funds Al 31 March 2ff2 At 1 April 2020 Income Expenditure General funds Designated Fund 14.950 65,000 329.040 (325,183) 18,807 65,000 83,807 79.950 329.040 1325.1831 Al 31 March 202 At 1 April 2019 Income Expenditure Ggngral lunds Designated Fund 22,020 65.000 338,790 (345,860) 14,950 65,000 87,020 338,790 1345,860} 79,950 21. Analysis of net assets between funds Unrestricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net asset8 110.254 127,4631 83,275 110,254 (27,463) 83.275 Unrestricted Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 1.954 121,967 143,9721 79,949 1.954 121.967 143,972) 79,949 15