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||||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|
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|||||||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|||||||||||||
##
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|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.||||||||||||||||
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|||||||||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||||
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||||||||||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|
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||||||||||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|
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