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2022-03-31-accounts

Pages
Report ofthe Trustees 1-3
Independent
Examiner"s Report		 to the Trustees
Statement
of Financial		 Activities and Balance Sheet
Notes Forming
Part of		 the Finanoal Statements 6-8

Report ofthe Trustees for the Year Report ofthe Trustees for the Year Report ofthe Trustees for the Year Report ofthe Trustees for the Year Report ofthe Trustees for the Year Ended 31 March 20 Ended 31 March 20 Ended 31 March 20 Ended 31 March 20 Ended 31 March 20 Ended 31 March 20 22 22 22
The Trustees present their report with the financial
statements
of the charity for the period		 ended 31 March 2022. The Trustees have adopted the
provisions of Accounting and Reporting by Charities
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 (FRS 102) (effective 1 January 2019).
Reference and administrative Information
Name ofcharity: The Lord Mayor of Birmingham's Charity
Charity number: 1036968
Address for correspondence Idonations is: Secretary to the Trustees ofthe Lord Mayor of Birmingham's Charity
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:
Exofffcio Trustees: The Lord Mayor of Birmingham Councillor - Mohammed Azim
Deputy
Lord Mayor Councillor - Yvonne		 Mosquito
Head ofthe Lord Mayors office - Anne Kennedy (re-appointed 4 June 2021)
Nominated by Birmingham City Council: Councillor
Diane		 Donaldson
Co.opted Trustees: Stephen
Goldstein - Chairman		 (re-appointed 4 June 2021)
Councillor
Michael Leddy (re-appointed		 4 June 2021)
Councillor Jonathan
Hunt (re-appointed		 4 June 2021)
Christopher
Loughran
(re-appointed
4 June		 2021)
Ray O'Donoghue (re-appointed 4 June 2021)
Carman Watson (appointed 4June 2021)
James Hewitson (appointed 4 June 2021)
Councillor
Muhammad
Afzal (appointed		 25 May 2021)
Bank: Barclays Bank Pic
201 Strafford
Road
Shirley
Solihull
West Midlands
8903AT
Independent Examiner: JW Hinks LLP
19Highfield
Road
Edgbaston
Birmingham
8153BH

Structure,
Governance
and Management
Governing
document
The Trust was established
by deed on 11 April 1994 (supplemented		 by deed made 22 March 2021)snd it is a registered chariity, number 1036968.
Recruitment
and appointment
oftrustees
The Trustees
who served during the year, and since the year end, are set out in the reference and admmistrative		 details on page one.
The minimum
number
ofTrustees is five and the maximum
number		 is ten. The Trustees shall be
a) The Lord Mayor,
b) The Deputy Lord Mayor;
c) One or more nominated
Trustees appointed
by the		 Council; and
d) Two or more Co-opted Trustees appointed
by a resolution
ofthe Trustees.
Nominated
and Co-opted Trustees
hold office for two years but on retirement
are eligible		 for reappointment.
Trustees Meetings and Training
Three Trustees are necessary to form a quorum.
Issues are decided		 by a simple majority of those present
and voting, provided		 at least two
Trustees vote in favour ofthe resolution.
The Trustees lake such action as they consider		 necessary to keep themselves informed ofchanges
in charity
law and governance.
Objectives and Activities
The objects ofthe Trust are to advance
any charitable
purpose
and		 in particular to make contributions ofboth capital and income to the funds of
any charitable
body in furtherance
of its work in the United
Kingdom		 or to apply such capital and income to any charitable purpose as the Trustees
think fit.
Public Benefit
The Trustees have referred to the guidance
contained
in the Chariity		 Commission's
general		 guidance on public benefit when
reviewing		 the aims
and objectives ofthe charitable
company
and in planning
eny future		 activities.
In particular,		 the Trustees have considered how planned activities
will contribute
to the aims and objectives set.
Achievements
and Performance
Total incoming
resources for the year were E77,683(2021:E50,886)		 with outgoing resources totalling E69,907 (2021:E52,796),giving rise to a
net surplus ofE7,776 (2021:net deficit ofE1,910)pnor to investment gains and losses.
Gains on investment
assets totalled E2,931for the year (2021:losses of65,373) resulting		 in an overall net surplus ofE10,708(2021.net surplus
ofE3,463).
Closing net assets ofthe chanty stood at6156,430 (2021:E145,723)as at the year end with 6119,676(2021:F111,900) within unrestricted funds and
E36,754 (2021.E33,823)within
permanent
funds.
This year the charity has continued
its support
on making
community		 focused donations and for the relief for people with disabilities end ig health.
Suppori costs ofE1,125were incurred
for the cost offinance and legal support from Birmmgham		 City Council. This cost was provided to the
charity by Birmingham
City Council as a gift in kind (2021:E1,500 Gift in Kind).
The trustees consider that they are responsible
for the direction
and		 day-to-day
decision		 making ofthe charity and as such there are no paid
members
of key management
personnel.
The remainder
ofthe permanent
fund continues
lo be invested
in Schroder Charity
Equity Fund		 Income Units. These investments increased
in value
by E2,932,from E20,149to E23,081 as at 31 March 2022.

Unrestricted Permanent Total Total
Fund Fund 2022 2021
Notes
Incomer
Donations 4,617 4,617 5,714
Memberships 22,375 22,375 7,500
Legacies
Activities
for		 generating funds 48,831 48,831 35,443
Investment
income		 735 735 729
Gifts in kind 1,125 1,125 1,500
Total income 77603 77683 50,886
Expenditure:
Support Costs 1,125 1,125 1,500
Cost ofgenerating funds 41,885 41,885 19,628
Insurance 657 657 530
Charitable
expenditure		 16740 16,740 23,518
60,407 60,407 45,176
Governance Costs
Independent Examination fee 1,100 1,100 1,320
Legal fees
Consultancy fees 8,400 8,400 6300
9,500 9,500 7,620
Total Expenditure 69907 69,907 52,796
Net Incoming i(Outgoing) Resources 7,776 7,776 (1,910)
Other Recognised Gains and Losses
Gains I(Losses) on Investments 2,931 2,931 5,373
Net Movement
Funds		 7,776 2,931 10,700 3,463
Reconciliation
ofMovement		 in Funds
Balance at I April 2021 111,900 33,823 145,723 142,260
Balance at 31 IHarch 2022 119,676 36,754 156,430 145,723
Balance Sheet at 31 March 2022
Unrestricted Permanent Total Total
Notes Fund Fund 2022 2021
Fixed Assets
Investments 23,081 23081 20,149
Current Assets
Debtors 1,000 1,000
Balances held at bank 120,535 13,673 134,208 134,767
Creditors: amounts falling due within 1 year 10 I 050 1 859 9,193
Net Current Assets 119,678 13,673 133,349 125,574
Total Net Assets 110,678 36,754 156,430 145,723
Represented by:
Furlds 119,676 36,754 156,430 145,723
Trustee Date

2022 2021
Note 2 Donations 6
Donations
received		 5,714
Income from donations is recognised at the earlier of receipt or notification that funds are held.
For practical reasons such ncome is reported net of any fundraising expenses incurred at a local level.
2022 2021
Note 3 Activities for Generating Funds 6 6
Mega Quiz 11,000 7,000
Art 4 Charity 37,831 28,443
40,831 35,443
2022 2021
Note 4 Bank and Investment Income 6 6
Unitised funds 722 622
Bank interest 13 107
735 729

2022 2021
Note 6 Costs ofGenerating Funds 6 6
Annual
Ball		 292
Just Giving It Stripe fees 1,367
Bank Charges 192 106
Admin
Support/Fund		 Raiser 30
Computer costs 66 110
Membership
fee		 216
Sundries 26 82
Ak 4 Charity 39,551 17,670
Book-keeping 1,705
19,628
The Trustees employed no fund raisers or admin support dunng the year (2021:none).
2022 2021
Note 7 Charitable
Expenditure		 6 6
Donations
Community
Focused		 Donations 16,400 13,588
Relief for People with Disabilities and in Ig Health 340 9,930
23,518