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← Lambeth Elfrida Rathbone Society

2024-03-31-accounts

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2024

Lambeth Elfrida Rathbone Society Ltd .

(A Company Limited by Guarantee)

Company No. 04590396 Charity No. 1096727

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2024

Contents Page
Reference and administrative information 3 - 4
Trustees' annual report 5-16
1
Objectives and Activities
2
Public Benefit
3
Achievements and Performance
4
Financial Review
5
Future Plans
6
Structure, Governance and Management
7
Statement of Responsibilities of the Trustees
Independent auditors' report 17-20
Statement of financial activities 21
(Incorporating an income and expenditure account)
Balance sheet 22
Statement of cash flows 23
Notes to the financial statements 24 - 33

2

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2024

Trustees: Co-Chair Jackie Jefferson (Retired 26/07/2023) Co-Chair Jillian Kay Co-Chair David Minahan (Elected Co-Chair 29/11/2023) Treasurer Robert Innes (Joined 29/05/2024) Secretary Daniel Walsh (Joined 27/03/2024) Trustee Laura Walton Trustee Emily Cannon Trustee Sian Sinclair Trustee Will Holmes (Joined 27/03/2024) Trustee Richard Sheahan (Joined 26/07/2023) Trustee Robert Ingram (Joined 26/07/2023) Company Secretary: Andrew Preston Chief Executive: Andrew Preston Company number: 04590396 Charity number: 1096727 Registered office: 8 Chatsworth Way West Norwood London SE27 9HR Auditors: Perrys Audit Limited[4th Floo][r] 399-401 Strand London WC2R 0LT

3

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2024

Bankers

CAF Bank Ltd (Charities Aid Foundation)

25 Kings Hill Avenue

Kings Hill, West Malling

Kent

MW194JQ

Metro Bank

1 Southampton Row London

WC1B SHA

Solicitors

Jurit LLP

4 Lombard Street London EC3V 9HD

The Trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2024.

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). Our most recent inspection visit on 30[th ] October 2023 rated our service as 'Good'.

4

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

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 focusing 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 a weekly allotment gardening group.

Children and Young People's Service: We run busy and popular youth clubs in the West Norwood locality in south Lambeth and within the Central Hill estate in Gypsy Hill.

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.

5

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

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 eighty 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, we seek 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. 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.

6

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

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.

  1. Gardening Group - the group have weekly sessions at their local allotment plot where they grow food to eat and to share. 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.

  2. HIVE Cafe - HIVE Cafe is situated within a learning disability hub created by Lambeth Council. The cafe 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.

  3. 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.

  4. 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.

Children and Young People's Services:

7

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

Public Benefit

8

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

9

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

3 Achievements and Performance

4 Financial Review

10

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

Reserves Policy

l l

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

Breakdown of Income and Expenditure

==> picture [430 x 259] intentionally omitted <==

----- Start of picture text -----
Income
Hive Cafe , ! Other activities
2%
I
L.-..-.-.....,.--------- Supported Living'
1Children and Young] ! 27% .JI
Peoples Services
! - 16% - Supported Living
Outreach Service
, Other services - Rathbone Connect
. _J
Without Walls7 Without Walls
8% |
Rathbone Connect | 7 . Other services
————— 7%__ji << Outreach Service a Children and Young
L 29% I Peoples Services
a Community cafe
a Other activities
----- End of picture text -----*

Expenditure

==> picture [373 x 218] intentionally omitted <==

----- Start of picture text -----
I HIVE c Other: Activities Supported
_ ) Living
—S
. I 7%- -- | Supp \AF-29% orted Living .
I Children and Young I Outreach
Peoples Services \ Service
12% n
or Rathbone
Connect
Without Walls
- 7% r
Without
Walls
Rathbone Connect (
:
lL- s% I a Children
and Young
Peoples
34% Services
HIVE Cafe
----- End of picture text -----

==> picture [35 x 18] intentionally omitted <==

----- Start of picture text -----
Other
activities
----- End of picture text -----

l 2

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

Principal Risks and Uncertainties

5 Future Plans

l 3

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

Lambeth Elfrida Rathbone Society - Strategy 2024 Headlines

What we do matters to us - Maintaining our, Vision, Mission and Values

==> picture [458 x 463] intentionally omitted <==

----- Start of picture text -----
Our Values Quality Trusted Creative Inclusive
Strengths and A trusted partner; a creative 'gold standard' Children & Young People's
Achievements 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 - Mental Health Support
-
for People Social Isolation
-
with Autism Food and Fuel Poverty
or Learning - Employment
-
disabilities Health Inequalities
What the Commitment to coproduction; sustain our strong reputation; recruit and
future will retain caring, skilled and committed staff; initiatives to develop
look like
employees and improve career progression.
Our Coproduced Transform Focus on quality, Sustainable
Priorities services systems and inclusion and development
processes adaptability & strategic
Celebrate partnerships
diversity and An Asset Based Value and
address approach towards develop the skills Tackle
inequalities all service users & resilience of unmet and
staff and emerging
volunteers needs
Create activities Build financial
that tackle social and Roll out of co- Maintain a
isolation organisational production strong
resilience fundraising
strategy
Enabling our Funding Technology Staff and Partnerships
Strategy Volunteers
----- End of picture text -----

14

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

6 Structure, Governance and Management

Georgia Harvey, Registered Manager Charline King, Head of Children and Young People's Services Nimisha Naik, Finance Manager

Jo Piskorz, Administration Manager

James Sawyer, Head of Adult Services

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.

15

Lambeth Elfrida Rathbone Society Ltd

Report and financial statements

For the year ended 31 March 2023

7 Statement of Responsibilities of the Trustees

Statement as to disclosure to our auditors

In so far as the Trustees are aware:

Auditors

Perrys Audit Limited were appointed as the auditors of the charitable company on 21[st] April 2023.

The Trustees' Annual Report has been approved by the Trustees on 30[th ] October 2024 and signed on their behalf by:

Name: Jillian Kay, Co-Chair

16

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 2024 which comprise the Statement of Financial Activities, the Balance Sheet the 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).

In our opinion the financial statements:

a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended;

been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's 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 12 months from when the financial statements are authorised for issue.

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

17

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. 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 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.

Opinions on other matters prescribed by the Companies Act 2006

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

information given in the Trustees' Report, which includes the Directors' Report prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Directors' Report included within the Trustees' 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' 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:

accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;

financial statements are not in agreement with the accounting records and returns;

disclosures of trustees' remuneration specified by law are not made;

have not received all the information and explanations we require for our audit; or 

18

Responsibilities of 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 the trustees 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 charitable company'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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website. This description forms part of our auditor's report. 

19

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 charitable company'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 charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Declan Mccusker

For and behalf of Perrys Audit Limited Chartered Accountants

Statutory Auditor

4[th] Floor

399-401Strand

London

WC2R 0LT

16 December 2024 Date:....................................................

20

Lambeth Elfrida Rathbone Society

Statement of financial activities

(incorporating an income and expenditure account) Year ended 31 March 2024

Lambeth Elfrida Rathbone Society
Statementoffinancialactivities
(incorporatingan income andexpenditure account)
Year ended 31March 2024
Income from:
Donations, grantsandlegacies
Charitable activities
Othertradingactivities
Investments
Other
Totalincome
Expenditureon:
Raising funds
Charitable activities
Othertrading activities
Totalexpenditure
Netincome/ (expenditure)for the year
Transfers betweenfunds
Net movement in funds
Reconciliationoffunds:
Total fundsbrought forward
Totalfundscarriedforward
Note
2
3
4
5
6		 Adult Social Care Services Children and Youna Peooles Services 2024
Total
£
1,564
2,365,497
51,505
5,341
2,423,906
13,072
2,235,723
58,003
2,306,798
117,108
117,108
622,261
739,369		 2023
Total
£
1,317
2,210,026
32,121
1,848
2,245,312
18,656
2,132,076
64,337
2,215,069
30,243
30,243
592,018
622,261
Unrestricted
Restricted
Total
£
£
£
.
.
1,683,379
290,925
1,974,303
51,505
.
51,505
5,341
.
5,341
.
.
.		 Unrestricted
Restricted
Total
£
£
£
1,564
.
1,564
.
391,193
391,193
.
.
.
.
.
.
.
.
1,740,224
290,925
2,031,149		 1,564
391,193
392,757
10,807
.
10,807
1,697,432
256,385
1,953,817
58,003
.
58,003		 .
2,265
2,265
.
281,906
281,906
.
.
.
1,766,241
256,385
2,022,626		 .
284,171
284,171
(26,017)
34,540
8,523
.
.		 1,564
107,022
108,585
.
.
.
(26,017)
34,540
8,523		 1,564
107,022
108,585
508,495
24,909
533,404		 22,617
66,240
88,857
482,478
59,449
541,927		 24,181
173,262
197,442

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 16 to the financial statements.

21

Lambeth Elfrida Rathbone Society Balance sheet

Year ended 31 March 2024

Note
Fixed assets:
Tangible assets
12
Current assets:
Debtors
13
Cash at bank andinhand
Liabilities:
Creditors:amounts falling duewithin one year
14
Net current assets
Total assets less current liabilities
Creditors:amounts fallingdue after oneyear
Net assets excluding pension asset/(liability)
Defined benefit pension schemeasset/(liability)
Totalnetassets
Funds
Restrictedincomefunds
16
Unrestricted income funds:
16
Revaluationreserve
Generalfunds
Total unrestrictedfunds
Totalfunds		 £
305,510
373,568		 2024
£

211,245		 £
271,536
246,923		 2023
£
213,130
211,245
528,127		 213,130
409,131
679,077
(150,950)		 518,459
(109,328)
200,000
306,658		 200,000
331,112
739,372 622,261
739,372 622,261
739,372
232,711
506,658
739,369		 622,261
91,149
531,112
622,261

The financial statements have been prepared in accordance with the special provisions applicable to

Approved by the trustees on ........................................... 2024 and signed on their behalf by:

Jillian Kay David Minahan Trustee Trustee

Company registration no: 04590396

The attached notes form part of the financial statements.

22

Lambeth Elfrida Rathbone Society Statement of cash flows

Year ended 31 March 2024 2023
£
(125,587)
(12,500)
(12,500)
(138,087)
385,010
246,923
2024
£
117,108
2023
£
30,243
3,393
3,130
(33,974)
(180,484)
41,622
21,524
128,150
(125,587)
Note
Cash flows from operating activities
Net cash provided by/ (used in) operating activities
Cash flows from investing activities:
Purchase of fixedassets
(1,509)
Net cash provided by/ (usedin) investing activities
Net cash provided by/ (used in) financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning ofthe year
Changeincashand cash equivalents dueto exchange
Cash and cash equivalents at the end of the year
Reconciliation of net income/ (expenditure) to net
cash flow from operating activities
(as per the statement of financial activities)
,Net incomeI(expenditure) for the reporting period
Depreciationcharges
Gains/(losses) oninvestments
Dividends,interestand rent frominvestments
(Loss)/profit on the sale offixed assets
(lncrease)/decrease instocks
(lncrease)/decrease indebtors
lncrease/(decrease) increditors
Net cash provided by/ (used in) operating activities
IAnalysis of cash and cash equivalents
At1
April
2023
£
Cash atbankand in hand
246,923
Total cash and cash equivalents
246,923		 2024
£
128,150
(1,509)
126,641
246,923
**373,564 **
Cash
flows
£
126,645
Other
At 31
March
changes
2024
£
£

373,568
126,645
373,568

23

Lambeth Elfrida Rathbone Society Notes to the financial statements

Year ended 31 March 2024

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.

24

Lambeth Elfrida Rathbone Society Notes to the financial statements

Year ended 31 March 2024

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

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.

Cashatbankandinhand

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 seNice 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.

25

Lambeth Elfrida Rathbone Society Notes to the financial statements Year ended 31 March 2024

2 Income from donations and legacies

2 Income from donations and legacies 2 Income from donations and legacies
Unrestricted
£
Individual&organisation
donations
1,564		 Restricted
£
2024
Total
£
Unrestricted
£
1,564
1,317		 Restricted
£
2023
Total
£
1,317
1,564 1,564
1,317		 1,317
3Income from charitable activities
Unrestricted
£
Adult Social Care
SupportedLiving
648,805
Outreach Service
702,399
Rathbone Connect
166,778
Without Walls
Other services
74,209
Children and Young
Community cafe
91,188
Total incomefrom
charitableactivities
4 Income from other trading activities
Unrestricted
£
Old Library&Community
cafe
51,505
51,505
5 Income frominvestments
Unrestricted
£
BankInterest
5,341
5,341
1,683,379		 2024
Restricted
Total
Unrestricted
£
£
£
648,805
577,269
702,399
609,303
166,778
276,561
195,288
195,288
58,305
132,515
72,606
391,193
391,193
37,332
128,520
64,630		 2023
Restricted
Total
£
£
577,269
609,303
276,561
216,930
216,930
15,341
87,947
359,211
359,211
18,175
82,805
1,683,379 682,118
2,365,497
1,600,369		 609,657
2,210,026
Restricted
£
2024
Total
£
Unrestricted
£
51,505
32,121		 Restricted
£
2023
Total
£
32,121
51,505 51,505
32,121		 32,121
Unrestricted
£
5,341		 2024
Restricted
Total
Unrestricted
£
£
£
5,341
1,848		 2024
Restricted
Total
£
£
1,848
5,341 5,341
1,848		 1,848

26

Lambeth Elfrida Rathbone Society Notes to the financial statements

For the Jt:ear ended 31 March 2024

6 Analysis of expenditure

Staffcosts(Note 8)
Direct charitableexpenditure
EmergencyresponseforCovid
Other staffcosts
Slafftravel
Fundralslng
Premisesexpenses
Officecosts
Audit fees
Legal and professionalfees
Supportcosts
Totalexpenditure		 Charitable actlvlUes
Children
Adult
and Young
Community
Social Care
Peoples
Old
caf6
Services
Services
Library
£
£
£
£
78,808
1,514,779
228,845
32,387
53,191
80076
7,495
1,430
0
0
0
0
1,390
24,801
6,631
493
17
5,312
142
11
597
9,842
2,265
367
17,471
59,019
26,902
29356
6,111
93,432
10,419
4,559
183
3,514
329
21
157,769
1,790,777
283,028
68,624
301
4,969
1,144
185
158,071
1,795,746
284,172
68,810		 Charitable actlvlUes Charitable activities
Children
Adult Social
and Young
Support
Community
Care
Peoples
Old
Costs
2024 Total
car<!
Services
Services
Library
£
£
£
£
£
£
1,854,820
70,917
1,422,715
232.104
19,542
142,192
45,296
76,373
9064
297

0
so
33,314
4,228
38590
6036
841
5,482
55
3,669
54
49
13,072
618
14,492
3,217
329

132,748
5,275
82,146
35,639
40,875
114,522
5,855
71,217
12,730
2,558
6,600
6,600

4,048
121
3,061
986
67
6,600
2,306,798
132.366
1,712,314
299,830
64,559
(6,600)
201
4,713
979
107
2,306,798
132.567
1,717,027
300,809
64,666		 Support
Costs
2023Total
£
£
1,745,278
131,031
so
49,696
3,827
18,656
163,936
92,360
6,000
6,000
4,235
6,000
2,215,069
(6,000)
2,215,069

Of the total expendilure,£1,766,241 (2023: £1,640,893) was unrestricted and £540,556 (2023: £574,179) was restricted.

27

Lambeth Elfrida Rathbone Society Notes to the financial statements

For the year ended 31 March 2024

This is stated after charging / crediting:

This is stated aftercharging / crediting:
2024 2023
£ £
Depreciation 3,393 3,130
Auditors'remuneration:
Auditfee excludingVAT 5,500 5,500

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

Staff costs were as follows:

Salaries andwages
Socialsecurity costs
Employer'scontributiontodefinedcontributionpension schemes		 2024
2023
£
£
1,667,296
1,564,225
148,247
138,896
39,277
42,157
1,854,820
1,745,278

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

£60,000 - £69,999

2024 2023
No. No.
1 1

The total employee benefits including pension contributions and employer's NI of the key management personnel were £83,105 (2023: £76,260).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

9 Staff numbers

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

Adult SocialCare services
Old Library andYouth ClubsServices
Communitycafe
Support
2024
No.
54
14
3
4
75		 2023
No.
59
13
3
4
79

28

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2024

10 Related party transactions

There are no related party transactions to disclose for 2024 (2023: none).

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

11 Taxation

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

12 Tangible fixed assets

Cost
Atthestart oftheyear
Additions in year
Disposals in year
At the end oftheyear
Depreciation
Atthestart of the year
Chargeforthe year
Eliminatedon disposal
At the end of the year
Net book value
Attheend ofthe year
At the start of the year		 Freehold
Property
Fixture&
fittings
Office
equipment
Total
£
£
£
£
200,000
52,500
51,967
304,467
405
1,104
1,509
(40,000)
(28,577)
(68,577)
200,000
12,905
24,494
237,399
41,250
50,087
91,337
1,145
2,248
3,393
(40,000)
(28,577)
(68,577)
2,395
23,758
26,153
200,000
10,510
736
211,245
200,000
11,250
1,880
213,130

All of the above assets are used for charitable purposes.

On 1 April 2003, the assets and liabilities of the unincorporated Charity Lambeth Elfrida Rathbone Society were transferred to this charitable company. The freehold property was transferred at its value in the accounts of the former unincorporated Charity and is now held at this value in accordance with the Accounting Policies above.

13 Debtors

Tradedebtors
Prepayments
Other debtors
Creditors: amounts falling due within oneyear
Tradecreditors
Taxation and social security
Othercreditors
Accruals		 2024
2023
£
£
253,671
260,182
49,418
8,308
2,421
3,046
305,510
271,536
2024
2023
£
£
72,525
29,772
34,102
31,179
22,230
28,276
22,093
20,101
150,950
109,328

14 Creditors: amounts falling due within one year

29

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2024

15 Analysis of net assets between funds

Analysis of net assets between funds
Tangiblefixedassets
Net currentassets
Total
Analysis of net assets betweenfunds - prior year
Tangible fixedassets
Net current assets
Total		 General
funds
£
Revaluationreserve
£
11,245
200,000
295,413
306,658
200,000
General
Revaluationreserve
funds
£
£
13,130
200,000
317,982
331112
200,000		 Restricted
funds
£
232,711
232,711
Restricted
funds
£
91,149
91,149		 Total
funds
£
211,245
528,123
739,369
Total
funds
£
213,130
409,131
622,261

30

For the year ended 31 March 2024

Lambeth Elfrida Rathbone Society Notes to the financial statements

16 Movements in funds - current year
Incoming OutgoIng
At the start resources resources & Attheend
of the year & gains losses Transfers of the year
£ £ £ £ £
Restricted funds:
Adult Social Care Services
Come Dine With Us 12,429 2,020 14,449
Haysmacintre (WillTrust)-Garden 5,000 (5,000)
WorkforceDevelopment Fund 36,800 (36,800)
Without Walls (34,000) 195,288 (161,288) 0
Vale Street Project 450 (450)
EthicalCare Charter 51,515 (51,515)
NHS SouthEast-Logmycare 9,000 9,000
Grassroots VaccinationProgramme 9,680 (9,680)
TotalAdult Social Care Services 24,909 253,593 (255,053} 23 449
Children and Young Peo12leServices
YoungLondoners Fund
Jack Petchey 1,600 (1,600)
GLA- Propel 80,000 (3,985) 76,015
HAF 41,200 (41,200)
Lambeth - Mini Bus 53,139 53,139
London Made Safer 10,000 - 7,491 (2,509)
EIPS 44,220 (44,220)
Lambeth Made Youth Hub extension 67,500 (67,500)
Getting Involved Grants 10,772 (10,772)
Rathbone Sports and Leisure - 44,108 44,108
Walcott 25,000 (25,000)
LondonYouth 4,400 (4,400)
Getting Active 600 (600)
Fridge andFreezer Fund 1,000 (1,000)
SummerTrips 4,000 {4,000)
Summer Violence PreventionProgramme 15,000 (15,000)
City BridgeTrust
BBC Children In Need 3,101 27,910 (31,011)
City ofLondon 31,375 (31,375)
Total Youth 66,240 391 193 (284,171} 173,262
Other
HobsonCharity -HIVEcafetowardsthe 1,332 (1,332)
Support forHive 36,000 36,000
TotalOther 37,332 (1,332} 36,000
Total restrictedfunds 91,149 682,118 (540,556) 232,711
Unrestricted funds:
Designatedfunds:
Revaluationreserve 200,000 200,000
Total designated funds 200,000 200,000
General funds 331,112 1,741,788 (1,766,241) 306,658
Totalunrestricted funds 531,112 1,741,788 (1,766,241) 506,658
Totalfunds 622,261 2,423,907 (2,306,797) 739,369

31

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2024

Movements infunds-prior year
Restricted funds:
Adult Social Care Services		 Incoming
Outgoing
Atthestart
resources resources &
At the end
of the year
£
& gains
£
losses
£
Transfers
£
of the year
£
12,319
110 0
12,429
5,000
(5,000)
36,800
5,551
(5,551)
36,800
37,462
(37,462)
(43,748)
216,930
(207,182)
(34,000)
9,680
9,680
ComeDineWithUs
Kings College Adult VolunteeringProject
WorkforceDevelopmentFund
Recruitment &Retention Fund
LambethInfectionControlGrant
Without Walls
GrassrootsVaccinationProgramme
TotalAdult Social CareServices
Children and Young Peoples Services
47 833
232,271
(255,195}
24 909
7,838
(7,838)
7,800
(7,800)
45,000
(45,000)
32,625
(32,625)
53,139
53,139
20,000
(10,000)
10,000
34,540
(34,540)
37,500
(37,500)
6,000
(6,000)
19,970
(19,970)
10,350
(10,350)
4,300
(4,300)
1,755
(1,755)
37,457
(37,457)
1,174
(1,174)
34,500
(34,500)
3,101
3,101
10,000
(10,000)
YoungLondonersFoundation
Jack Petchey
WalcotFoundation
HAF
LondonMiniBus
LondonMade Safer
EIPS
LondonMade YouthHubextension
CommunityFoodChampions
Street Gamesintervention
REMCity ofLondon
LondonYouth
Hedley Foundation
YoungLondoners Fund Project
Co-operative
City BridgeTrust
BBCChildrenInNeed
LinderFoundation
TotalYouth
Other
The DrapersCompany
Kaye Charitable Trust
TotalOther
Total restrictedfunds
Unrestricted funds:
Designatedfunds:
Revaluation reserve
Generalfunds
Totalunrestricted funds
Total funds
7 838
359,211
(300,809}
66240
16,675
(16,675)
1,500
{1,500)
18,175
(18,175}
55,671
609,657
(574,179)
91,149
200,000
200,000
336,347
1,635,655
(1,640,890)
331,112
536,347
1,635,655
(1,640,890)
531,112
592,018
2,245,313
(2,215,068)
622,261

32

Lambeth Elfrida Rathbone Society Notes to the financial statements For the year ended 31 March 2024

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.

19 Fixed and Floating charges

The Charity's bankers hold fixed and floating charges over the property and assets of the Charity.

33