## |||||||||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| ##