2021-03-31-accounts

								The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity	The Lord Mayor ofBirmingham's Charity
								Report ofthe Trustees for ttte Year Ended 31 March 2021
The Trustees present their report with							the financial			statements of the charity for the penod				ended 31 March 2021					The Trustees have adopted the
provisions		ofAccounting		end		Reportmg	by	Charities. Statement of Recommended				Practice applicable to chariues							preparing	their accounts	in accordance
with the Financial			Reporting Standard				applicable		in the UK and Republic of Ireland (FRS102)						(effective		1 January		2019).
Reference		snd administrative				information
Name of	charity:									The Lord Mayor of Birmingham's		Charity
Charity number:										1036969
Address	for correspondence					Idonations		Is:		Secretary to the Trustees ofthe Lord Mayor					of Birmingham's			Charily
										Lord Mayor's Parlour
										Council House
										Birmingham
										Bl IBB
Cheques	should		be made	payable to "Lord				Mayor		of Birmingham's Charity'.
The Trustees who served during the							year were:
Ex officio	Trustees:									The Lord Mayor of Birmingham		Councillor -			Mohammed Aam
										Deputy Lord Mayor Councillor	-Yvonne			Mosquito
										Head ofthe Lord Mayor's office - Anne Kennedy						(re-appointed			4 June 2021)
										Chief Financial Officer - Clive Heaphy (resigned						4 August 2020)
Nominated		by Birmingham			City Council:					Councillor Diane Donaldson
Co-opted	Trustees:									Stephen Goldstein - Chairman		(re-appointed			4June 2021)
										Councillor Mike Leddy (re-appointed			4 June		2021)
										Councillor Jonathan Hunt (re-appointed				4June 2021)
										Chnstopher Loughrsn (re-appointed			4June		2021)
										Ray O'Donoghue (re-appointed		4 June 2021)
										Carman Watson (appointed 4June			2021)
										James Hewitson (appointed 4	June		2021)
Bank:										Barclays Bank Pic
										201 Slrafford Road
										Shirley
										Solihull
										West Midlands
										690 3AT
Independent		Examiner.								JW Hinks LLP
										19Highfield Road
										Edgbaston
										Birmingham
										B153BH

Reserves and Grant Making Policy
Each year the Lord Mayor selects particular charities or charitabl causes for the people of Birmmgham to support			through		ihe	Lord			Mayor'	s
appeal. Monies raised for these causes are paid out in full, dunng and after the mayoral year. The		Trust also maintains		a general				reserve		into
which miscellaneous income is paid. Requests for general donations are considered	provided they	fall within the remit ofa			charitable cause.
Risk Management
The Trustees keep under review the major strategic and operational risks which the	Charily faces and are satisfied		that	systems			have been
established in order to minimise the possible effects ofsuch riisks on the chan ty.
The principal risks faced by the charity lie in the performance of investments and the capacity of the		charity to make effective onward							grants	and
fmanoal support.
The chanty invests in two types ofinvestment -Chariguard UK Equity Fund income	units and Schrdoer Charily Equity Fund				income units. Both
are specialist funds designed for the charity sector and Ihe trustees mitigate ther investment nsk by utilising such funds.
Each Lord Mayor salads s number ofcauses that they inland to fund raise for dunng their mayoral		year. Funds raised for these					organisations
are distnbuted after ag the fund raising income has been received, usually after the	mayoral year. In addibon, one		off requests			for donation				are
also considered. Afi requests for donation sre vetted and authonsed by the Charity's	Finance Officer, who is not a		trustee. This			is		to	ensure	ihat
they are ofa charitable nature, that they fall within the scope of the Charity's objects, and that the appropnate funds			are	available.				This overview			by
the Charity's Finance Officer goes towards protecting and ensuring the reputational	risk ofthe Lord	Mayor's Office.
Trustees' Responslbffities in Relation to the Financial Statements
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements		in accordance	with	applicable				law and
Uniled Kingdom Accounfing Slandards. (United Kingdom Generally Accepted Accounting Pradice).
Law applicable to charities in England and Wales requires the Trustees to prepare fmanosl statements for each financial				year which					give a
true snd fair view ofthe stale ofaffairs cfthe charity and ofthe incoming resources	and application	ofresources of	the chaniy for					that penod,
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies end then apply them consistently,
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudenL.
- stets whether applicable accounbng standards have been followed,	subject to any material departures
disclosed and explained in the finanoal statements; and
- prepare Ihe finanaal statements on the going concern basis unless	it is ma pproprlate	to presume
that the chanty will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any			time	the	financial				position
ofthe charity and enable them to ensure that the financial statements comply mth the Charities Act		2011,the Charity (Accounts				and			Reports)
Regulations 2008 and the provisions ofthe trust deed.
They are also responsible for safeguardmg the assets ofthe chsnty and hence for taking reasonable		steps for the prevention			and			detection		of
fraud and other irregularities.

						Unrestricted	Permanent	Permanent	Tote I	Total
						Fund		Fund	2021	2D20
					Notes
Income:
Donations						5,'714			5,714	9,441
Membership						7,500			7,500	17,000
Legacies										3,680
Activihes for	generating		funds			35,443			35,443	50,422
Investment income						729			729	1,259
Gift in Kind						1,500			1,500	1,500
Total Income						50886			5D,886	02,302
Expenditure:
Support Costs						1,500			1,500	1,500
Cost ofgenerating		funds				19,628			19,628	28,954
Insurance						530			530	1,D55
Charitable expenditure						23 518			23 518	22,189
						45,176			45,176	53,698
Governance	Costs
Independent	Examination		fee			1,32D			1,320	1,320
Legal fees						e			0	2,400
Consultancy	fees					6 30D			6300
						7,620			7,620	3,720
Total Expenditure						52,798			52,796	57.418
Net Incoming	I(Outgoing) Resources					(1,910)			(1,910)	34,884
Olher Recognised		Gains and		Losses
Gains / (Losses) on Investments							5	373	5373	6,950
Net Movement Funds						(1,910)	5,373		3,463	27,934
		Movement		In Funds
Balance at I	April	2020				113,810	28,450		142,260	114,32t!
Balance at 31 March 2021						111,900	33,623		145,723	142,260
					Balance	Sheet at 31 March	2021

				Unrestricted		Permanent	Total	Total
			Notes	Fiuid		Fuitd	2021	2020
Fixed Assets
investments						20 149	20 149	14,776
Current Assets
Dstitois
Balances held	at bank			121,093		13,674	134,767	129,171
Creditors: amounts		falling due within I year	10	9 193			9193	1687
Net Current Assets				111,900		13,674	125,574	127,484
Total Net Assets				111,90D		33333	145,723	142,260
Represented	by:
Funds				111,9DD		33,823	145,723	142,26D
					Dele

The chanty consbtutss a public benefit entity as defined by FRS 102. The financial statements		have	have	been	been	prepared m	prepared m	prepared m	prepared m	accordance	accordance	accordance	accordance	with	Accounting	Accounting	Accounting	Accounting		and
Reporting by Charities: Statement of Recommended Practice applicabls to chanties preparing	their accounts							in accordance			with		the Financial				Reporting
Standard applicable m the UK and Republic of Ireland (FRS 102)(effectrve January 2010)-(Charities				SORP				FRS 102).
1he financial statemenls are prepared on a going concern basis under histoncal cost convention			modified			lo		include certain			items			at fair		value,		The financial
slstements ars prepared in sterling which is the Functional currency of the charity.
The charity adopted SORP (FRS 102)m the current year and there are no material implications		or adjustments							arising	from	the adoption					ifthe	nsw			accounting
framework.
Tha sigmficant accounting polioes applied in the preparation of these financial statements are	set		out	below.				These policies			have			been	consistently					applied lo
ag years presented unless otherwise stated. The charity has taken advantage ofths option provided				in	the		Statement			of Recommended						Practice			to use
headings in the Statement of Financial Activity that are applicable to their speafic activrty rather		than		reporbng					on an activity		basis.
s) Accounting Convention
The accounts are prepared on the historical cost basis ofaccounting modified lo include listed	investments						ai		market value.		Incoming				resources				snd the
application ofthose resources have been accounted for on the accruals basis of accounting.
b) Income
Items of Income are recognised and included in Ihe accounts when all ofthe following critena ars			mst:
—the charity has entitlement to the funds;
-any performance condibons attached io the item(s) of income have been met or are fully withm the					control				of the charity;
—there is sufficient certainty that receipt ofthe income is considered probabls; and
-the amount can be measured reliably.
Interest on funds held on deposit rs included when receivable and the amount can be measured		reliably			by the				charity;	this is		normegy			upon
notification ofths mterest paid or payable by the bank.
c) Resources Expended
Expenditure is recognised once there is a legal or constructive obligation to make s payment to		a	third	party,				rt is probable that				settlement				will
be required and the amount ofthe obligation can be measured reliably.
Expenditure on costs of raising funds comprise the costs of running fund raising events
Expenditure on charitable activities includes the costs of grant making activrtias and support to	other chanties								and organisations				as deoded
by the trustees.
Irrecoverable VAT is charged as a cost against the actlvgy for which expenditure was incurred.
d) Fund Accounting
Dotage snd the nature ofeach fund is set below:
Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with			the	chantabls					objects.
Permanent Funds represents those assets which must bs hald permanently by the chaniy.
e) Investmenis
Investments are initially recognised st their transacbon value and subsequently measured st their			market		value at the year end							using the				closing		quoted			market
price. Any surplus or defiot on revaluabon or sale being included In the Statement of Financial	Activities.
g) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year sre		recorded			at		transaction			pnce.		Any		lasses
arising from impairment are recognised in expenditure.
h) Tax
The chanty meets the definition ofcharity within the Chanties Act 2011 and is considered to pass the tests						set			out m Paragraph			1 Schedule 6
Finance Act 2010and therefore it meets the definition ofa charity for UK corporation lax purposes.
i) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe	that no material								uncertainties		exist.			The
trustees have considered the level offunds held and the expected level ofinmme and expenditure			for 12 months from							authonsing				these
finsnosl statemenis. The budgeted income and expenditure is sufficient with the level of reserves			for	the charity to be						able to		continue			as a
going concern

														2021				2020
Note	2	Donations												E				6
		Donations received												5,714				9,441
		Income from	donations				is recognised				at the earlier of receipt or notification				that	funds are held.
		For practical reasons such						income		is	reported	net ofany	fundraising	expenses		incurred	ata local	level,
														2021				2020
Note	3	Activities for Generating						Funds										6
		Annual Ball																52,148
		Books																274
		Mega Oulz												7,000				7,0DD
		Arl 4 Charity											28,443
													35,443					59422
														2021				2020
Note	4	Bank and Investment			Income									E				2
		Unrtised funds												622				1,069
		Bank interest												107				190
														729				1 259
Nate	5	Gift in Kind/Support		Coats
		Support costs	of21		500		were incurred				for the	cost offinance and legal support				from Birmingham		City Council.
		This cost was	provided			to the charity					by Birmingham City		Council as a gift in kmd (2D2D				21,500).
														2021				2020
Note	6	Costs of Generating		Funds										6				6
		Annual Ball												292				27,502
		Just Giving 3	Stripe		fees									1,367				1,005
		Bank Charges												106				78
		Admin Support/Fund			Raiser													50
		Computer casts												110				66
		Equipmenl hire																24
		Sundnes												82				228
		Art 4 Charity											17,670
													19,628					28,954
		The Trustees	employed				no	fund raisers or admin support					durmg the	year (2020: none).
														2021				2020
Note	7	Charitable Expenditure												6				E
		Donations
		Community Focused Donations											13,588					11,607
		Relief for People with Disabilities							and		in ill Health			9,930				10.582
													23.518					22,189