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2022-03-31-accounts

Lambeth Elfrida Rathbone Society Ltd

(A Company Limited by Guarantee)

Company No. 4590396 Charity No. 1096727

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2022

Contents Page
Reference and administrative information 1
Trustees’ annual report 2 – 13
1
Objectives and Activities
2
Public Benefit
3
Achievements and Performance
4
Coronavirus Covid 19
5
Financial Review
6
Future Plans
7
Structure, Governance and Management
8
Statement of Responsibilities of the Trustees
Independent auditors' report 14 - 16
Statement of financial activities 17
(Incorporating an income and expenditure account)
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 – 28

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

Trustees: Co-Chair
Jackie Jefferson
Co-Chair
Jillian Kay
Trustee
Laura Walton
Trustee
Emily Cannon
Trustee
David Minahan
Trustee
Alice Lamb (Acting Treasurer)
Trustee
Sian Sinclair (Joined May 2022)
Company Secretary: Andrew Preston
Chief Executive: Andrew Preston
Company number: 4590396
Charity number: 1096727
Registered office: 8 Chatsworth Way
West Norwood
London
SE27 9HR
Auditors: Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG
www.goldwins.co.uk
Bankers CAF Bank Ltd
(Charities Aid Foundation)
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
MW19 4JQ
Solicitors Jurit LLP
4 Lombard Street
London
EC3V 9HD

1

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

The Trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2022.

The Trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Our Adult Social Care Service is registered with the Care Quality Commission (CQC). Inspection visits in March 2016 and October 2018 rated our service as Good. Due to the Covid 19 pandemic, we have not had a recent onsite inspection visit, but external reviews have maintained our service as ‘Good’.

1 Objectives and Activities

The Purpose of the charity is:

The charity meets its objectives by delivering the following activities:

Adult Social Care Services: These are funded through contracts with local authorities, the primary purchaser being Lambeth Council. The largest of these services is the Outreach Service, which supports people with learning disabilities, Autism and mental health issues in their own homes and in the community. In addition we have two supported living projects, which offer accommodation and high-level specialist support and also two day services, one focussing on meeting the needs of adults with complex needs and Autism and the other a flexible service for people who live independently with support.

We also run a number of projects designed to tackle loneliness, poor health and social isolation amongst adults with learning disabilities. These are funded through our own fundraising activities, grants and corporate sponsorship. Projects include our adult social and educational groups such as ‘Come Dine With Us’ a healthy cooking and social group and a weekly allotment gardening group.

Children and Young People’s Service: We run a busy and popular youth club in the West Norwood locality in south Lambeth. During the year, we opened an additional site within the Central Hill estate.

2

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

We offer mainstream youth activities, targeted and preventative youth work, homework clubs and specialist clubs for those with learning difficulties and Autism as well as our unique, integrated youth club. Rathbone also operate ‘The Old Library’ in West Norwood, which is home to our youth services and a community hub.

2 Public Benefit

Our charitable activities are based on meeting the Objects as set out in the Memorandum of Association.

Our Vision is: Lambeth Elfrida Rathbone Society Ltd is committed to supporting people with learning disabilities and young people to live safe, healthy and fulfilled lives.

Our Mission states that we do this by:

Our Values are that we strive to be:

The charity delivers public benefit through the provision of the following services:

Adult Services:

  1. Outreach and Community Support Service – This, our largest service, supports and enables people to remain living in the community and reduces the need for individuals to enter residential care. This service works with fifty individuals each week and provides support to maintain and develop independence in the community setting. The support offered can vary significantly between individuals and each case is managed according to an individualised care plan agreed with the local authority or contract holder. Through this work, the charity seeks to promote independence, tackle social isolation and keep people safe.

  2. Without Walls - This service is for people with severe and profound learning disabilities. It provides intensive support to people with complex and challenging behaviours. The aim of the support is to reduce challenging behaviours, enabling people to remain living at home in their home borough, and to transition these people into less intensive services, once they have effective behaviour support plans in place.

3

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

  1. Rathbone Connect - This service offers a mix of drop-in support sessions and flexible 1:1 home visits/support sessions. The people this team support are independent travellers, who usually have their own tenancy, but may have fluctuating support needs, be hard to engage with, or lead chaotic lifestyles. The team have the flexibility to be very responsive, enabling people who use the drop-in to phone up at short notice to request same day/next day support.

  2. Supported Living – We have two projects. These provide individually tailored packages to individuals with high support needs who live within shared homes in the community. The charity also owns and operates one of these properties under HMO regulation. These projects are delivered with a strong emphasis on promoting the independence and community participation of the people who live in them. One of these teams support people with Autism/moderate to severe learning disabilities, the other team support people with mild to moderate learning disabilities, who are independent travellers and are potentially able to develop independent living skills in order to transition to more independent living.

  3. Regulatory Framework – The charity is registered with the Care Quality Commission under the Domiciliary Care Regulations & Standards and is inspected in line with Care Quality Commission ratings timescales. Following the most recent inspection, the service maintained a ‘Good’ rating across all of the five outcomes measured.

6. Adult Social and Educational Groups:

4

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

Children and Young People’s Services:

5

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

Public Benefit

6

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

3 Achievements and Performance

4 Coronavirus Covid 19

During 2021, the Covid 19 pandemic continued to fluctuate and as with all organisations, the charity has experienced a year of unprecedented change. Because of public health measures, we adapted and changed in line with government restrictions. Being a front-line Health & Social Care service provider has meant we have needed to pay particular attention to the health and safety of our service users and staff.

7

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

5 Financial Review

To understand the charity’s finances, we review at the different service provisions separately:

8

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

As the Adult Social Care side of the organisation has a significant income from its contracted social care services, this puts the charity’s income over the threshold for many of the grants we would hope to apply for to support our work on the Children and Young People’s side of the organisation. The Trustees are aware of the risks associated with finding funds for these projects and have a fundraising plan in place for 2022-2023.

Reserves Policy

Correction to the Accounts March 2021 Reinstated

Principal Risks and Uncertainties

9

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

in working practices. As we move forward and emerge from the pandemic, there remains uncertainty regarding future outbreaks and the effect on service delivery as well as the future financial implications for local and national government and the potential knock-on effects on the voluntary sector.

6 Future Plans

10

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines

Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines Lambeth Elfrida Rathbone Society Strategy 2022-2023 Headlines
What we do matters to us- Maintaining our, Vision, Mission and Values
Our Values Quality Trusted Creative Inclusive
Strengths and
Achievements		 A trusted partner; a creative ‘gold standard’ Children & Young People’s Service
provider, quality Adult Social Care services, currently, recognised as ‘good’ by
the CQC; an organisation with skilled, passionate and loyal staff, committed to
good practice with expertise recognised within the sector
Challenges
for People
with Autism
or Learning
disabilities		 -
Mental Health Support
-
Social Isolation
-
Food and Fuel Poverty
-
Employment
-
Health Inequalities
What the
future will
look like		 Commitment to coproduction; sustain our strong reputation; recruit and retain
caring, skilled and committed staff; initiatives to develop employees and improve
career progression.
Our
Priorities		 Coproduced
services
Celebrate
diversity and
address
inequalities
Create activities
that tackle social
isolation		 Transform
systems and
processes
An Asset Based
approach towards
all service users
Build financial and
organisational
resilience		 Focus on quality,
inclusion and
adaptability
Value and
develop the skills
& resilience of
staff and
volunteers
Roll out of co-
production		 Sustainable
development &
strategic
partnerships
Tackle unmet and
emerging needs
Maintain a strong
fundraising
strategy
Enabling our
Strategy		 Funding Technology Staff and
Volunteers		 Partnerships

• Enhancing Capacity Through Technology – Throughout 2022-2023, the Senior Management Team will be overseeing a ‘digital transformation’. This will see all of the organisations work processes moving to cloud-based IT systems and ‘app’ based technology. This strive towards a paperless organisation will see a more efficient, streamlined back office, provide enhanced care and support monitoring and recording across all projects and services. A number of financial processes will become more streamlined as we introduce better integration of systems.

11

Lambeth Elfrida Rathbone Society Ltd

Reference and administrative information

For the year ended 31 March 2022

7 Structure, Governance and Management

8 Statement of Responsibilities of the Trustees

12

LambBth Elfrida Rathbone Society Ltd Roference and administrative It)fomiatlon For the year ended 31 March 2022 statetnent a8 to disclosure to our audltors In so fèr 8S the Trustees are aware.. There Is no relevant audil inforrnalM)i) of which tlie charitable companrfs auditors are Linawore., and Tho Trustees have taken all step8 that they ought ID have taken ID make themselves aw81e of 8ny relevanl audit information and ID establish that the aurlitors are aware of that information. Auditors GDId￿1n$ limited were re-appjlnted as the auditors of th8 Ghafil8bl8 company during the yeaT and hav6 expressed their willingness to continue in Ihal L4Prl¢lty. The Trustees, Annual R8port lias b88n approved by Ihe Trustees on 30th November 2022 8nd sl9ned on Ihelr behalf by., Name Jillian Kay

Independent Auditor’s Report To the members of Lambeth Elfrida Rathbone Society

Opinion

We have audited the financial statements of Lambeth Elfrida Rathbone Society (the ‘Charity’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Opinion on financial statements

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we

14

Independent Auditor’s Report To the members of Lambeth Elfrida Rathbone Society

conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

15

Independent Auditor’s Report To the members of Lambeth Elfrida Rathbone Society

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

13 December 2022

……………………………….

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

16

Lambeth Elfrida Rathbone Society Statement of financial activities

(incorporating an income and expenditure account)

Year ended 31 March 2022

(incorporating an income and expenditure account)
Year ended 31 March 2022
Reinstated
Note Adult Social Care Services Children and Young Peoples Services 2022
Total
£		 2021
Total
£
Unrestricted
£		 Restricted
Total
£
£		 Unrestricted
£		 Restricted
Total
£
£
Income from:
2
3
Donations, grants and legacies
Charitable activities		 -
1,449,751		 200
200
221,187
1,670,938		 8,094
13,206		 -
8,094
340,630
353,836		 8,294
2,024,774		 351,225
1,631,974
Other trading activities : Old Library & Hive
Café		 27,718 23,819
51,537		 - -
-		 51,537 74,279
4
5
Investments
Other
Total income
Expenditure on:
Raising funds		 40
11,517		 -
40
-
11,517
245,206
1,734,232
-
-		 -
-		 -
-
-
-
340,630
361,930
12,016
12,016		 40
11,517		 185
-
1,489,026 21,300 2,096,162 2,057,663
- - 12,016 14,930
Charitable activities 1,353,049 281,917
1,634,966		 - 341,959
341,959		 1,976,925 2,128,705
Net income / (expenditure) for the year
7
Reconciliation of funds:
Other trading activities : Old Library & Hive
Total expenditure
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 88,767 -
88,767
281,917
1,723,733
(36,711)
10,499
-
-
(36,711)
10,499
84,544
552,381
47,833
562,880		 - -
-
353,975
353,975
(13,345)
7,955
-
-
(13,345)
7,955
21,183
21,183
7,838
29,138		 88,767 78,430
1,441,816 - 2,077,708 2,222,065
47,210
-		 21,300
-		 18,454
-		 (164,402)
-
47,210 21,300 18,454 (164,402)
467,837 - 573,564 737,966
515,047 21,300 592,018 573,564

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the financial statements.

17

Lambeth Elfrida RJthbone Society Bxlanc8 sh8èt Year ended 31 March 2022 Reins￿1￿ 2022 2021 N 1148,8931 Nat euTharst assgts 388,258 Total 388els less current Ilabllltles 592.018 578.5e4 Credltors.. amounts tslling due after one ye￿[ Nat assèts 8xcludiiig pension asset I Illablllly) Defined benefit pensbn scheme asset I1118blllly) 593,048 Totsl net assèts 592,018 s78.￿4 Funds R&slricted income funds Unrosirlctod income fu￿6.. Revaluation resErve Genera funds 15 15 55,671 10Jf,727 21JO,000 336,347 2fJO.000 ?67.&37 Tolal unrastrlctad lunds 536,347 467,037 Totsl funds 592,018 573,564 The finwrifiNI.glALp.Ine.nts have been pre￿￿d Iii accordanoo with the 6p8cL91 pru4islons appllcablè to 601VoLJI￿l bb- Approved by the truste&s on ... and si9￿d on thelr b half by. 2022 Jillian Kay Trustee Company rngistration no: 04590396 nie Ètteched nol£s fom pa￿ of the flnancial slatemerbts. 18

Lambeth Elfrida Rathbone Society Statement of cash flows

Statement of cash flows
Lambeth Elfrida Rathbone Society		 Statement of cash flows
Lambeth Elfrida Rathbone Society
Year ended 31 March 2022
Note
Cash flows from operating activities
Net cash provided by / (used in) operating activities
a)
(5,641)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
b)
aNet income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Gains/(losses) on investments
Dividends, interest and rent from investments
(Loss)/profit on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by / (used in) operating activities
bAnalysis of cash and cash equivalents
£
Cash at bank and in hand
306,408
Total cash and cash equivalents
306,408
Purchase of fixed assets
Cash flows from investing activities:
Net cash provided by / (used in) investing activities
Net cash provided by / (used in) financing activities
Change in cash and cash equivalents due to exchange
Reconciliation of net income / (expenditure) to net
cash flow from operating activities
At 1
April
2021		 2022
£
84,243
(5,641)
-		 - 2021
£
(127,687)
-
£
306,408
At 1
April
2021		 2022
£
18,454
5,043
-
-
4,148
-
115,687
(59,089)
78,602
306,408
-		 (127,687)
434,095
-
385,010 306,408
Cash
flows
£
78,602		 Reinstated
2021
£
(164,402)
4,545
-
-
-
-
(16,798)
48,968
84,243 (127,687)
Other
changes
£
-		 £
385,010
At 31
March
2022
306,408 78,602 - 385,010

19

Lambeth Elfrida Rathbone Society Notes to the financial statements Year ended 31 March 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the

charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is

probable that the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

20

Lambeth Elfrida Rathbone Society Notes to the financial statements Year ended 31 March 2022

1 Accounting policies (continued)

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose Expenditure on charitable activities includes the costs of delivering services, undertaken to further the purposes of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading

Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis which are an estimate, based on staff cost, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £550. Depreciation costs are allocated to

activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if

circumstances indicate their carrying value may exceed their net realisable value and value in use. No depreciation charge on the building is made on the grounds that it would be immaterial because the estimated remaining useful economic life is expected to be more than 50 years.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixture and fittings Over 10 years Office equipment Over 3 years Minibus 25% Reducing balance

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pensions

The charity operates a stakeholder pension scheme.

21

Lambeth Elfrida Rathbone Society Notes to the financial statements Year ended 31 March 2022

2 Income from donations and legacies

Legacy
Individual & organisation
Covid Job Retention
Covid support grants		 Unrestricted
£
-
8,094		 £
-
200
Restricted		 2022
Total
£
-
8,294
-
-
8,294		 Unrestricted
£
-
3,777
103,137
-
106,914		 £
-
-
-
244,311
244,311
Restricted		 2021
Total
£
-
3,777
103,137
244,311
8,094 200 351,225

3 Income from charitable activities

Without Walls
Other services
Children and Young
Adult Social Care
Supported Living
Outreach Service
Rathbone Connect
Total income from
charitable activities		 Unrestricted
£
557,755
583,802
211,503
-
96,691
13,206		 Restricted
£
-
-
-
131,825
89,362
340,630		 2022
Total
£
557,755
583,802
211,503
131,825
186,053
353,836
2,024,774		 Unrestricted
£
616,829
552,336
189,552
-
-
70,349
1,429,066		 Restricted
£
-
-
-
160,988
-
41,920
202,908		 Reinstated
2021
Total
£
616,829
552,336
189,552
160,988
-
112,269
1,462,957 561,817 1,631,974

4 Income from investments

Bank Interest Unrestricted
£
40		 £
-
Restricted		 2022
Total
£
40
40		 Unrestricted
£
185
185		 £
-
-
Restricted		 2021
Total
£
185
40 - 185

22

Lambeth Elfrida Rathbone Society Notes to the financial statements

For the year ended 31 March 2022

5 Analysis of expenditure

5
Analysis of expenditure
Hive Café
£		 Charitable activities Governance
Costs
£		 2022 Total
£		 Cost of
raising
funds
£		 Charitable activities Old
Library
£		 Governance
Costs
£		 2021 Total
£
Adult Social
Care
Services
£		 Children
and Young
Peoples
Services
£		 Old
Library
£		 Adult Social
Care
Services
£		 Children
and Young
Peoples
Services
£
Staff costs (Note 7)
Direct charitable expenditure
Emergency response for Covid
Other staff costs
Staff travel
Fundraising
Premises expenses
Office costs		 2,930
25,172
-
-
114
-
223
1,706
-
-
-		 1,384,584
67,582
202
31,572
1,854
-
74,411
54,617
-
15,964
-		 287,024
15,291
2,093
1,732
9
12,016
22,641
9,582
-
2,877
-		 16,467
3,681
398
354
232
-
24,189
12,778
-
413
-		 -
-
-
-
-
-
-
-
5,000
-
-		 1,691,005
111,726
2,693
33,658
2,209
12,016
121,464
78,683
5,000
19,254
-		 -
-
-
-
-
14,930
-
-
-
-
-		 1,475,363
135,303
21,967
37,119
790
-
65,774
52,368
-
43,330
27,459		 124,547
66,209
21,314
3,339
19
-
17,424
23,363
-
8,083
-		 21,360
77
2,049
2,489
-
-
43,069
7,730
-
1,590
-		 -
-
-
-
-
-
-
-
5,000
-
-		 1,621,270
201,589
45,330
42,947
809
14,930
126,267
83,461
5,000
53,003
27,459
Audit fees
Legal and professional fees
Bad debt provision
Governance costs 30,145
-		 1,630,786
4,180		 353,265
710		 58,512
110		 5,000
(5,000)		 2,077,708
-		 14,930
-		 1,859,473
4,550		 264,298
384		 78,364
66		 5,000
(5,000)		 2,222,065
-
Total expenditure 30,145 1,634,966 353,975 58,622 - 2,077,708 14,930 1,864,023 264,682 78,430 - 2,222,065

Of the total expenditure, £1,441,816 (2021: £1,745,563) was unrestricted and £635,892 (2021: £476,502) was restricted.

23

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2022

6 Net incoming resources for the year

This is stated after charging / crediting:

6
This is stated after charging / crediting:
Net incoming resources for the year
2022 2021
£ £
Depreciation 5,043 4,545
Auditors' remuneration:
Audit fee including VAT 5,000 5,000

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
2022 2021
£ £
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 1,522,926
127,534
40,545		 1,461,179
120,747
39,344
1,691,005 1,621,270

The following number of employees received employee benefits (excluding employer NI and pension) during the year between:

£60,000 - £69,999

2022 2021
No. No.
1 1

The total employee benefits including pension contributions and employer's NI of the key management personnel were £75,991 (2021: £73,534).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was:

2022 2021
Adult Social Care services
Old Library and Youth Clubs Services
Support		 No.
60
12
4		 No.
55
12
5
76 72

9 Related party transactions

There are no related party transactions to disclose for 2022 (2021: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

24

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2022

11 Tangible fixed assets

11
Tangible fixed assets
Cost
At the start of the year		 Freehold
Property
£
200,000		 Fixture &
fittings
£
40,000		 Office
equipment
£
46,327		 Minibus
£
23,302		 Total
£
309,629
Additions in year - - 5,641 - 5,641
Depreciation
At the start of the year
Disposals in year
At the end of the year		 - - - (23,302) (23,302)
200,000 40,000 51,968 - 291,968
- 40,000 43,165 19,154 102,319
Charge for the year - - 5,043 - 5,043
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 - - - (19,154) (19,154)
- 40,000 48,208 - 88,208
200,000 - 3,760 - 203,760
200,000 - 3,162 4,148 207,310

All of the above assets are used for charitable purposes.

12 Debtors

12
Debtors
13
14
Creditors: amounts falling due within one year
Trade debtors
Prepayments
Other debtors
Taxation and social security
Other creditors
Accruals
Trade creditors
Total
Analysis of net assets between funds
Tangible fixed assets
Net current assets		 General
funds
£
3,760
332,587		 £
200,000
-
Revaluation
reserve		 2022
£
87,224
2,380
1,448		 Reinstated
2021
£
200,228
6,370
141
91,052 206,739
2022
£
21,226
31,407
28,618
6,553		 2021
£
83,850
30,041
23,397
9,605
87,804 146,893
Restricted
funds
£
-
55,671		 Total
funds
£
203,760
388,258
336,347 200,000 55,671 592,018
Analysis of net assets between funds - prior year Reinstated
Total
funds
£
207,310
366,254
Tangible fixed assets
Net current assets
Total		 General
funds
£
7,310
260,527		 £
200,000
-
Revaluation
reserve		 Restricted
funds
£
-
105,727
267,837 200,000 105,727 573,564

25

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2022

15 Movements in funds - current year

Adult Social Care Services
Come Dine With Us
Workforce Development Fund
Recruitment & Retention Fund
Lambeth Infection Control Grant
Without Walls
Total Adult Social Care Services
Children and Young People Services
Young Londoners Foundation
Lambeth Digital Inclusion
LCR Wave 5
City Bridge Trust- Transition Project
City Leaders
Good for Girls
Jack Petchy Award Scheme
LDN Sport
London Youth- getting active
EIPS
Summer HAF
Total Youth
Covid and others
Summer HAF
Omicron Hospitality and Leisure Grant
FP SJTCT THE SIR JULES THOR
CLiPs
Bailey Thomas Charity
The Boshier Hinton Foundation
The Beatrice Laing Trust-CAFE
ZEDRA
Percy Bilton
Total Covid and others
Total restricted funds
General funds
Restricted funds:
Unrestricted funds:
Designated funds:
Revaluation reserve
Lambeth Made Youth
Hubs' offering employment
support for young people
Kings College Adult Volunteering Project
Walcot Foundation Inspiring Learning (Winn &
Coales/Denso)
Walcot Foundation Bounceback
Total funds
Total unrestricted funds		 At the start
of the year
£
12,319
5,000
425
-
66,800		 Incoming
resources &
gains
£
-
-
37,000
15,100
37,462
131,825		 Outgoing
resources &
losses
£
-
-
(625)
(15,100)
-
(242,373)		 Transfers
£
-
-
-
-		 At the end
of the year
£
12,319
5,000
36,800
-
37,462
(43,748)
84,544 221,387 (258,098) - 47,833
16,024
-
-
-
-
-
-
2,000
1,500
-
1,159
500
-
-		 71,662
50,000
20,000
50,000
3,578
50,000
33,700
-
5,000
8,960
-
1,000
33,730
13,000		 (79,848)
(50,000)
(20,000)
(50,000)
(3,578)
(50,000)
(33,700)
(2,000)
(6,500)
(8,960)
(1,159)
(1,500)
(33,730)
(13,000)		 7,838
-
-
-
-
-
-
-
-
-
-
-
-
21,183 340,630 (353,975) - 7,838
-
-
-
-
-
-
-
-
-		 1,350
4,000
1,000
2,277
5,000
1,972
2,500
3,000
2,720		 -
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
(1,350)
(4,000)
(1,000)
(2,277)
(5,000)
(1,972)
(2,500)
(3,000)
(2,720)
- 23,819 (23,819) - -
105,727 585,836 (635,892) - 55,671
200,000
267,837		 -
1,510,326		 -
(1,441,816)		 -
-		 200,000
336,347
467,837 1,510,326 (1,441,816) - 536,347
573,564 2,096,162 (2,077,708) - 592,018

26

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2022

Movements in funds - prior year At the start
of the year
£		 Incoming
resources &
gains
£		 Outgoing
resources &
losses
£		 Transfers
£		 At the end
of the year
£
Reinstated
Adult Social Care Services
Come Dine With Us
12,319
Kings College Adult Volunteering Project
-
Workforce Development Fund
-
Without Walls
93,904
Total Adult Social Care Services
106,223
Children and Young People Services
Young Londoners Foundation
15,327
Walcot Foundation Inspiring Learning
10,986
BBC Children in Need
-
City Bridge Trust
-
City Leaders
-
Good for Girls
-
Jack Petchy Award Scheme
-
LDN Sport
-
London Youth
-
The Mayors Fund For London-Summer of Food & F-
EIPS
-
Summer
-
Total Youth
26,313
Covid and others
Co-op Foundation
-
Edward Gostling Foundation
-
CLiPs
-
LCRF via Walcot
-
-
National Lottery Community Fund
-
-
Lambeth Infection Control Grant
-
Total Covid and others
-
Total restricted funds
132,536
200,000
General funds
405,430
605,430
737,966
Total unrestricted funds
Total funds
The Mayors Fund For London - Capital Grant
(PPE)
CAF Resilience Fund - Emergency Response
Grants
Restricted funds:
Unrestricted funds:
Designated funds:
Revaluation reserve		 12,319
-
-
93,904		 -
5,000
425
160,988		 -
-
-
(188,092)		 -
-
-
-		 12,319
5,000
425
66,800
106,223 166,413 (188,092) - 84,544
47,945
-
27,694
33,500
2,000
1,500
1,000
1,159
500
2,473
34,540
7,380		 (47,248) -
-
-
-
-
-
-
-
-
-
-
-		 16,024
-
-
-
2,000
1,500
-
1,159
500
-
-
-
(10,986)
(27,694)
(33,500)
-
-
(1,000)
-
-
(2,473)
(34,540)
(7,380)
26,313 159,691 (164,822) - 21,183
-
-
-
-
-
-
-
-		 1,254
4,800
4,554
10,000
150
59,983
12,690
30,158		 (1,254)
(4,800)
(4,554)
(10,000)		 -
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
(150)
(59,983)
(12,690)
(30,158)
- 123,589 (123,589) - -
132,536 449,693 (476,502) - 105,727
200,000
405,430		 -
1,607,970		 -
(1,745,563)		 -
-		 200,000
267,837
605,430 1,607,970 (1,745,563) - 467,837
737,966 2,057,663 (2,222,065) - 573,564
2021- L B LAMBETH duplicated income corrections
Reinstated 2021 funds
Total funds brought forward were reinstated as below;
Total funds brought forward as at 1 April 2021
Reinstated total funds brought forward as at 1 April 2021		 Restricted
£
105,727
-		 Unrestricted
£
683,089
(215,252)		 Total funds
£
788,816
(215,252)
105,727 467,837 573,564

The relevant credit notes were issued and debtors as at financail year ended 31 March 2021 were reinstated.

27

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2022

17 Operating lease commitments

No future minimum lease payments under non-cancellable operating leases.

18 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

28