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**|
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**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
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**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'.
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**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 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 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.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
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 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.
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**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.
5. **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.
6. **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.
7. **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.
8. **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:**
- **Open Access Youth Clubs** - We operate these clubs three nights each week, across two sites at Knights Hill and Central Hill. We have places for up to 40 beneficiaries each session. We offer a range of services and projects, many of which are grant specific, 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.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
- **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-** The Hub provides careers advice and guidance to those to those up to 30 years old with seeking employment and removing barriers to work.
- **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.
- **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 59 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.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
- **Co-Production** - During the year, we continued to implement 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 is currently working to regain 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.
- **Volunteers** - The Board of Trustees had 6 members during the year. Across the organisation, we benefitted from a further 24 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.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
**For the year ended 31 March 2023**
## **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.
- 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.
- Our Children & Young People's Service is currently being assessed to regain London Youth's quality assurance programme The Youth Quality Mark'.
- Enhancing Capacity Through Technology - Throughout the year, the Senior Management Team continued the implementation of our 'digital transformation' programme. All of the organisations work processes began the move 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. Our financial processes, accuracy and efficiency have improved and become more streamlined due to the better integration of systems.
## **4 Financial Review**
- The financial results for 2023-2024 shown on the Statement of Financial Activities show that overall in the year the charity has had an increase (8%) in income from £2,245,312 (31 March 2023) to £2,423,906 (31 March 2024), an increase of £178,594.
- Our costs also increased in 2023-2024 by 4%, totalling £2,306,798 (2022-2023: £2,215,069), a decrease of £91,729. The decrease in costs was proportionate to the increase in income, largely due to the increase in grant income.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
- Grant income in 2023-2024 was higher than projected mostly related to new grants and increase in outreach service income. The overall result for the year is a surplus of£ 117,108 (2022-2023 (£30,243)).
## **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 2024, our total reserves were £739,369. Our readily realisable reserves are £306,658 which falls below our reserves policy. The organisation will budget to build up the reserves by £30,000 a year which is a realistic and sustainable figure for the charity.
l l
**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
## **Breakdown of Income and Expenditure**
**----- 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**
**----- 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 -----**
**----- Start of picture text -----**
Other
activities
**----- End of picture text -----**
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
## **Principal Risks and Uncertainties**
- **Cost Increases** - A major concern are the risks presented by the continuing cost of living crisis, energy costs and inflation. The charity continues to address these uncertainties through careful forward planning and a fundraising strategy to underpin the organisation's sustainability. The main challenge we faced throughout the year was maintaining service delivery within budget due to the escalation in overhead and staffing costs.
- **Adult Social Care** - An ongoing uncertainty is our ability to be able to fund the essential London Living Wage for our employees. We are heavily reliant on the local authority being able to uplift their contract fees annually to support the Living Wage increases and recognise the considerable financial pressures they face.
- **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. During the year we experienced challenges reaching our fundraising targets due to enhanced competition in the sector and the fact that our income is above the eligibility threshold for a number of funders.
## **5 Future Plans**
- **Adult Social Care** - We will continue to strengthen the existing core services and build our organisational sustainability and resilience. This will include a focus on maintaining the quality of service delivery and our 'good' CQC rating which is important for our 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** - The year ahead will focus on developing the HIVE Cafe, 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**
## **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
**----- 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 -----**
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**Lambeth Elfrida Rathbone Society Ltd**
**Report and financial statements**
**For the year ended 31 March 2023**
## **6 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. During the year: one of the co-chairs retired and was replaced by another trustee; we recruited a new treasurer, board secretary and an additional three trustees.
- **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:
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.
- **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 six other local charities (Norwood Community Group Services Ltd, Fulham Football Foundation, 4ALL, Ashdon Jazz Academy, Upper Norwood Library Trust and High Trees Community Development Trust) to secure targeted locality funding for youth work.
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**Lambeth Elfrida Rathbone Society Ltd**
## **Report and financial statements**
## **For the year ended 31 March 2023**
## **7 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.
## **Statement as to disclosure to our auditors**
In so far as the Trustees are aware:
- There is no relevant audit information of which the charitable company's auditors are unaware; and
- The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **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
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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 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.
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17
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## **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
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## **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.
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## **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:....................................................
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## 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 income**_I_**(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**
I**Analysis 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
- **Expenditure on charitable activities** includes the costs of delivering seNices, 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.
## **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|
|3**Income 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**
- **7 Net incoming resources for the year**
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