## **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 provision of social, educational, recreational and welfare services for children, young people and adults with a Learning Disability.
- The provision of community support, supported living and outreach services to children, young people and adults with a Learning disability.
- The provision of advice, education and support to families, carers and professionals and those living or working with children, young people and adults with a Learning disability.
- The provision of youth work and youth services.
- The provision of community services and facilities.
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:
- Promoting independence and life skills
- Supporting people to try new things
- Creating opportunities for people to come together
Our **Values** are that we strive to be:
- Quality
- Trusted
- Creative
- Inclusive
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**
3. **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.
4. **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.
5. **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:**
- **Covid 19** - All of these groups were paused during the Covid 19 pandemic and returned cautiously through the latter half of the year, in line with restrictions and regulations pertinent at the time.
- **‘Come Dine With Us’** - a healthy cooking and social group. The group operates weekly and up to 12 beneficiaries attend. Not only does the group provide education on healthy eating, how to shop, cook and store food, but they also cater for small events like parties, staff conferences and training days.
- **Gardening Group** - the group have weekly sessions at their local allotment plot where they grow food to eat and to share with the ‘Come Dine With Us’ group. Up to 12 beneficiaries attend and learn gardening skills, get some exercise and meet up with friends. The group also helps to maintain the garden at the charity’s office building.
- **HIVE Café** – During the year we launched a new project. HIVE Café is situated within a new learning disability hub created by Lambeth Council. The café was established to provide learning and paid employment opportunities for young people with learning disabilities who wish to go on to a career in the hospitality and catering industries.
4
**Lambeth Elfrida Rathbone Society Ltd**
## **Reference and administrative information**
## **For the year ended 31 March 2022**
- **Benefits of Adult Social and Educational Groups** - All of these activities provide education and learning in a relaxed and safe setting, but besides this, they provide a valuable day out which helps towards relieving the social isolation experienced by many people with learning disabilities who live alone.
## **Children and Young People’s Services:**
- **Open Access Youth Clubs** – We operate these clubs three nights each week, across two sites at Knights Hill and (our new site) Central Hill. We have places for up to 40 beneficiaries each session. This service offers a range of services and projects, many of which are grant specific and time limited and change over time. The ‘core’ activities, which are maintained on an ongoing basis, have a high emphasis on co-production. Throughout the service, children and young people are supported to learn to speak up, take part and contribute to their project.
- **Learning Disability Youth Work** - We offer a specialist learning disability youth club with assisted transport places for the most vulnerable young people; we have an inclusive evening for mainstream young people and those with learning disabilities. In addition, the specialist learning disability youth service activities offer respite to carers and families whilst club activities are taking place and especially during residential and holiday schemes.
- **Inspiring Learning** – This project was established as a more targeted intervention than our previous Homework Club. The project matches appropriately skilled or qualified volunteer ‘learning mentors’ to young people struggling with school work, homework or preparing for GCSEs. Young people can self-refer, but the majority of them are referred though partnerships we have with most of the local schools.
- **Targeted Interventions** – These are programmes and projects established to deliver outcomes in relation to specific identified issues, examples include Violence Reduction, Knife Crime Prevention and Stronger Minds (an accredited mental health resilience programme).
- **Employment Hub** – A new programme introduced in 2020-2021, this offers three strands of support to those seeking work or seeking to improve their employment and earnings. The Youth Hub (Funded by Lambeth Made/Lambeth Council) provides careers advice and guidance to those on Universal Credit. The BounceBack worker (funded by the Walcot Foundation) provides support, advice and guidance to those up to 30 years old with seeking employment and removing barriers to work. Finally, the Transitions Worker (funded by City Bridge Trust) offers similar support, but specifically tailored for those with learning disabilities and Autism.
- **Reward and Recognition** – We offer a number of different ways of recognising young people’s achievement, which is an important part of our work building on self-confidence and self-esteem. These include accreditation schemes, certification schemes and external programmes such as the Jack Petchey awards.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Reference and administrative information**
## **For the year ended 31 March 2022**
- **The Old Library** – This is home to our youth services and operates as a local community hub. The building is used by a number of local groups both as offices and for community activities. Leased from Lambeth Council, Rathbone needs to raise income from the hire of offices and rooms to pay for the maintenance of the building.
## **Public Benefit**
- **Advice, Education, Guidance and Support** – These are delivered through our services and through events and community activities. We offer advice and support to individuals, parents, carers, families and other professionals.
- **Community Participation** - The charity has been established within our local community for 57 years and is well known to local residents and businesses. We take part in local community activities and forums and work closely with local authority as a service provider and active partner within the Lambeth learning disability community. The charity contributes to the local economy by providing a range of employment and volunteering opportunities and positively promotes the employment of disabled people by ensuring we have a number of posts available specifically for people with learning disabilities.
- **Co-Production –** In 2020 following the award of a grant from City Bridge Trust we received consultation and support from ‘Revolving Doors’ to enable us to embed co-production across the charity. Due to the pandemic restrictions in 2020 and 2021, this work was delayed. Towards the end of 2021 and into 2022 we have been implementing the values of co-production throughout our planning and processes. Now forming a key part of our strategy, it is our intention to use co-production principles to put children and young people and adults with learning disabilities at the heart of our approach.
- **Measuring Success** - We do this annually through Customer & Staff Satisfaction Surveys. We maintain records of previous years and report on year to year comparisons. Where areas are identified for improvement or development, these are delivered through our management teams and if organisational change is required, through our annual Operational Plan. Compliance with CQC regulations and standards is measured through the CQC inspection process. In accordance with CQC, Health & Safety and our own Quality Assurance requirements, we carry out a programme of unannounced Spot Checks on service provision. Reports on these are fed back through management meetings into our continuous improvement process. Our youth service maintained the ‘Gold’ level of the London Youth Quality Mark.
- **Measuring Outcomes** – In order to improve our evidence base of how effectively our youth services achieve our planned outcomes, during this year we continued to use our tailored Outcomes Measurement tool validated by The Centre for Youth Impact. We have also invested in a software programme to monitor and evidence all of our youth service delivery activities.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Reference and administrative information**
## **For the year ended 31 March 2022**
- **Volunteers** - The organisation has benefited from a small number of volunteers during the year. The Board of Trustees had 6 members during the year. Across the organisation, we benefitted from a further 28 volunteers in roles such as office support, adult groups, youth mentoring (Inspiring Learning) and youth work. The charity recognises the benefit of volunteers to our work and their contribution allows us to extend our projects to additional beneficiaries, which in turn makes resources stretch further.
- The Trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit.
## **3 Achievements and Performance**
- The charity continued to deliver its Objectives in accordance with its Vision, Mission and Values.
- The main charity objective for the year was to continue to maintain the existing service delivery, quality and beneficiary levels against the challenges of the global Covid 19 pandemic. This presented very specific challenges in delivering the type of projects and services we offer.
- Performance - Both the Adults and Children & Young People’s services and projects performed well. The charity was satisfied that the services were delivered well, safely and to the quality and regulatory standards required.
- The Outreach & Community Support Service maintained its Care Quality Commission ‘Good’ rating across all of the 5 outcomes measured.
- Our Children & Young People’s Service maintained the Gold Level award in London Youth’s quality assurance programme ‘The Youth Quality Mark’.
## **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.
- **Adult Social Care** - We maintained the delivery of all of our contracted Adult Health and Social Care contracts, albeit with many changes, adjustments and new ways of working. We have had the support of Lambeth Council with grants, supplies of PPE, testing and vaccinations.
- **Children and Young People’s Services** - At different times, service provision fluctuated depending on local restrictions at the time. Many changes were made to the service including the move to digital and online programmes. At the end of the year, we had largely emerged from restrictions and these services had moved back to face to face delivery.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Reference and administrative information**
## **For the year ended 31 March 2022**
- **Emerging Needs** – During 2020 and continuing through 2021, new services were developed, in particular the delivery of food and essential household items parcels to families and individuals experiencing food poverty as a result of the pandemic. We received the support of many funders with a number of Covid-specific grants being awarded. Some funders unrestricted existing grants to allow us to divert the funds to assist with our Covid response. As we emerge from the pandemic and the restrictions, we are maintaining a smaller number of these support arrangements.
## **5 Financial Review**
- The financial results for 2021-2022 shown on the Statement of Financial Activities show that overall in the year the charity has had an increase (1.9%) in income from £2,057,663 (31 March 2021) to £2,096,162 (31 March 2022), an increase of £38,498.
- Our costs also decreased in 2021-2022 by 6%, totalling £2,077,708 (2020-2021: £2,222,065), a decrease of £144,357. The decrease in costs was proportionate to the decrease in income, largely due to the decrease in grant income. Grant income in 2020-2021 was higher than projected mostly related to additional support to manage the organisation through the pandemic. The overall result for the year is a surplus of £18,454 (2020-2021 (£164,402)).
To understand the charity’s finances, we review at the different service provisions separately:
- **Adult Social Care** - The most significant income for the charity continues to arise from its Adult Social Care services delivered mainly under contract to local authorities, 80% of which is from Lambeth Council. This income for the delivery of those contracted services has been a relatively stable source of income for many years. During 2021-2022, there was a decrease in the income from these activities as the demand for service delivery reduced and we received £1,670,938 (2020-2021: £1,590,054).
- The costs of this service decreased to £1,634,966, (2020-2021: £1,864,023) which was mainly due to a decrease in staff costs because of the reduction in service delivery. We are proud to be able to pay all of our staff a minimum of the London Living Wage.
- **Children and Young People’s Service** - The income for the other part of the charity’s work, the Children and Young People’s Services, is raised through our own fundraising activities, grant funding and donations.
- Income towards these services was a significant 41% higher than the previous year at £361,930 (2020–2021: £212,504) which is an increase on the previous year due to the work of our dedicated fundraiser.
- The charity faces a regular challenge with its fundraising activities as a number of major funders set financial limitations on the level of income organisations are allowed to have in order to meet eligibility criteria.
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**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**
- The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and produced a reserves policy which requires reserves be developed to a reasonable level to ensure the charity can run efficiently and meet the needs of the beneficiaries and the core activities could continue during a period of unforeseen difficulty.
- The value of these free reserves should be three months operating costs. 75% of the reserves should be maintained in a readily realisable form – a bank account without access restrictions.
- At 31 March 2022, our total reserves were £592,018. Our readily realisable reserves are £336,347 which falls below our reserves policy. The trustees will make provision in future budgets to rebuild the reserves in line with our policy.
## **Correction to the Accounts March 2021 Reinstated**
- In preparation for these accounts, an examination of the aged debtors balance being carried forward revealed inaccuracies in the previous year’s book-keeping. Investigation found that there had been a duplication of invoices leading to an overstatement of £215,212 of income in the 2020-2021 accounts. The investigation also highlighted the role of the covid pandemic restrictions and the challenges created through home-working, as well as a significant change in payment processes for our adult social care contracts.
- The CEO and Board of Trustees have agreed that the amount needs to be written-off to correct the accounts.
- The outcome of this is that our accounts for 2020-2021 will now show a deficit balance of £164,402 rather than our expected surplus balance of £50,850. On the Balance sheet our Aged Debtors will reduce to £200,228 and our reserves will be £573,564.
- Our CEO has reviewed the circumstances and context within which the overstatement took place and has taken appropriate steps to avoid a future occurrence.
## **Principal Risks and Uncertainties**
- **Covid 19 Pandemic** - During the year, the charity continued to maintain the operation of all of its projects and services, albeit with significant changes to service delivery in line with public health requirements for the Covid 19 pandemic. The workforce adapted well to the changes
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**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.
- **Cost Increases** - A major concern are the risks presented by the emerging cost of living crisis, energy costs and inflation. The charity will address these uncertainties through careful forward planning and a fundraising strategy to underpin the organisation’s sustainability.
- **Adult Social Care** - This side of the organisation is a service provider and the current challenges facing the sector are well documented. The main risks to the charity are the local authorities with whom we contract being unable to afford to increase their budgets annually to allow their provider organisations to continue to offer the London Living Wage and contract fees remaining static in the face of rising transport, energy and other overhead costs. We have developed and continue to maintain a strong relationship with Lambeth Council from whom we receive 80% of our income. However, we recognise that we are heavily reliant on the Council maintaining a strong social care budget, our ability to maintain our contractual and business relationship with them and their payment systems providing us with an efficient cash-flow.
- **Fundraising** - The risks to the Children and Young People’s side of the organisation are in relation to our ability to maintain sufficient income from fundraising and grant making trusts to keep the services and projects running. To address this risk we retain the support of a professional fundraiser and maintain a fundraising pipeline and strategy.
## **6 Future Plans**
- **Adult Social Care** – Our plans for the year ahead for these services are all based on strengthening the existing core services and building our organisational sustainability and resilience. This includes a focus on maintaining the quality of service delivery and our ‘good’ CQC rating which is important for the charity’s business reputation. We will continue to consider options for the future of our Supported Living service, which is based in the only building owned by the charity.
- **Children and Young People’s Services** – As above, the future plans focus on making the services and projects as sustainable as possible. The charity is working to increase its capacity for the essential activities of fundraising and recruiting and managing volunteers to enable this.
- **Project Development** – There are no short term plans to develop or introduce any new projects. Project development for the year ahead will focus on developing the HIVE Café, bringing it into profit and increasing the scope to create paid employment for people with learning disabilities.
- **Strategy** – During the year, the Trustees approved a strategy which focusses on maintaining quality, developing co-production and sustainability:
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**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.
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**Lambeth Elfrida Rathbone Society Ltd**
**Reference and administrative information**
## **For the year ended 31 March 2022**
## **7 Structure, Governance and Management**
- The Organisation is governed by a Memorandum and Articles of Association. The charity is also constituted as a company limited by guarantee.
- **Appointment of Trustees** – This is carried out in accordance with the rules set out in our Memorandum and Articles of Association. The charity advertises for new Trustees using a variety of local and London-wide Trustee recruitment boards, as well as local community networks. Where possible we take advantage of those which offer a free service. Trustees are required to submit an application, are interviewed and due diligence checks carried out prior to being elected to the board.
- **Structure** - The Trustees are responsible for the overall governance of the organisation, with day to day management the responsibility of the Chief Executive Officer, Andrew Preston. The senior management team is made up of James Sawyer, Head of Adult Services, Charline King, Head of Children and Young People’s Services and Georgia Harvey, Registered Manager. During the year, we engaged Nimisha Naik as our new permanent Finance Manager and Jo Piskorz as Administration Manager. Operational management is delegated to 7 Team Managers each of whom manages a team of staff with responsibilities for a specific project area or cohort of service users.
- **Trustee and Volunteer Training** - Training depends on the role, however all volunteers receive induction and training covering their role and responsibilities; Boundaries; Data Protection and Confidentiality; Safeguarding of children and vulnerable adults; Equality and Diversity and Health and Safety.
- **Partnerships** - During the year the charity worked in partnership with a number of other organisations with similar objectives. The charity led a consortium (Norwood Consortium) with five other local charities (Norwood Community Group Services Ltd, Fulham Football Foundation, 4ALL, Ashdon Jazz Academy and High Trees Community Development Trust) to secure targeted locality funding for youth work.
## **8 Statement of Responsibilities of the Trustees**
- We confirm the Trustees (who are also directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.
12
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For the year ended 31 March 2022
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**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:
- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2022 and of its income and expenditure for the year then ended:
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees’ report (incorporating the directors’ report) has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **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:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
- identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
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
Reins1
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 fu6..
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 pred Iii accordanoo with the 6p8cL91 pru4islons appllcablè to
601VoLJIl bb-
Approved by the truste&s on ...
and si9d 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