Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Lambeth Elfrida Rathbone Society Ltd (A Company Limited by Guarantee) Company No. 4590396 Charity No. 1096727 Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Contents Page Reference and administrative information Trustees, annual report 1 Objectives and Activities 2 Public Benefit 3 Achievements and Performance 4 Financial Review 10 10 5 Future Plans 13 6 Structure, Governance and Management 7 Statement of Responsibilities of the Trustees 14 16 Independent auditors, report 17-20 Statement of financial activities (Incorporating an income and expenditure account) 21 Balance sheet 22 Statement of cash flows 23 Notes to the financial statements 24-32 Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Trustees: Chair David Minahan Co-chair Jillian Kay (Retired 1810912025) Robert Innes Treasurer Secretary Trustee Daniel Walsh Laura Walton Trustee Emily Cannon Sian Sinclair Trustee Trustee Will Holmes Trustee Richard Sheahan Trustee Robert Ingram Company Secretary: Andrew Preston Chief Executive: Andrew Preston Company number: 4590396 Charity number: 1096727 Registered office.. 8 Chatsworth Way West Norwood London SE27 9HR Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Auditors: Perrys Audit limited 4th Floor 399-401 Strand London WC2R OLT www.perrysaccountants.co.uk Bankers CAF Bank Ltd (Charities Aid Foundation) 25 Kings Hill Avenue Kings Hill. West Malling Kent MW19 4JQ 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 financia statements for the year ended 31 March 2025. 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 accordan with FRS 102. Our Adult Social Care Service is registered with the Care Quality Commission (CQC). Our most recent inspection visit on 30 October 2023 rated our Servi￿ as 'Good'. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 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 servI￿S to children. young people and adults with a Leaming 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 servI￿s. 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 aLJthorities. 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 day seNices, one focussing on meeting the needs of adults with complex needs and Autism and the other a flexible service for people who live independently with support. We also run a number of projects designed to tackle loneliness, poor health and social isolation amongst adults with learning disabilities. These are funded through our own fundraising activities, grants and corporate sponsorship. Projects include a weekly allotment gardening group. Chlldren 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 ServI￿S and a community hub. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Public Benefit Our charitable activities are based on meeting the Objects as set out in the Memorandum of Association. Our Vision is.. Lambeth Elfrida Rathbone Society Ltd is committed to supporting people with learning disabilities and young people to live safe, healthy and fulfilled lives. Our Mission states that we do this by.. Promoting independence and life skills Supporting people to try new things Creating opportunities for people to come together Our Values are that we strive to be: Quality Trusted Creative Inclusive The charity delivers public benefit through the provision of the following Servi￿S. 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 independen￿, tackle social isolation and keep people safe. 2. Without Walls - This service is for people with severe and profound leaming 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 pla￿. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 3. Rathbone Connect- This service offers a mix of drop-in support sessions and flexible 1 .1 home visitslsupport 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 daylnext day support. 4. Supported Living - We have two projects. These provide individually tailored packages to individuals with high support needs who live within shared homes in the community. The charity also owns and operates one of these properties under HMO regulation. These projects are delivered with a strong emphasis on promoting the independence and community participation of the people who live in them. One of these teams support people with Autismlmoderate 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 Café - HIVE Café is situated within a leaming disability hub created by Lambeth Council. The café was established to provide learning and paid employment opportunities for young people with learning disabilities who wish to go on to a career in the hospitality and catering industries. 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. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 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 Servi￿ activities offer respite to carers and families whilst club activities are taking place and especially during residential and holiday schemes. Inspiring Learning - This project was established as a more targeted intervention than our previous Homework Club. The project matches appropriately skilled or qualified volunteer 'learning mentors, to young people struggling with school work, homework or preparing for GCSES. Young people can self-refer. but the majority of them are referred though partnerships we have with most of the local schools. Targeted Interventions These are programmes and projects established to deliver outcomes in relation to specific identified issues, examples include Violence Reduction, Knife Crime Prevention and Stronger Minds (an accredited mental health resilience programme). Employment Hub - 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 seNices 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. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 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 Servi￿ 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. Co-Production - During the year, we continued to implement the values of co-production throughout our planning and pro￿sses. 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 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 eviden￿ base of how effectively our youth services achieve our planned outcomes, 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 10 members during the year. Across the organisation, we benefitted from a further 21 volunteers in roles such as Offi￿ 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 tum makes resources stretch further. The Trustees confirm that they have had regard to the Charity Commission's guidan￿ on public benefit. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Achievements and Performance The charity continued to deliver its Objectives in accordan￿ 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 ServI￿S 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 assuran￿ 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 offi￿, 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. Financial Review The financial results for 2024-2025 shown on the Statement of Financial Activities show that overall in the year the charity has had a small increase (2/0) in income from £2,423,906 (31 March 2024), to £2,473,756 (31 March 2025) an increase of £49,850. Our costs increased in 2024-2025 by 8 % , to £2,485,544, an increase of £178.746 against 2023-24. The major significant reason for the escalation in costs was the increase in Workfor￿ costs and a reduction in grant income. Grant income in 2024-2025 was £414,223 The overall result for the year is a small deficit of £11,788. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 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. 750/0 of the reserves should be maintained in a readily realisable form- a bank accountwithout access restrictions. At 31 March 2025, our total reserves were £727,581. Our readily realisable reserves are £318,995 which falls below our reserves policy. The organisation has set a target to build up the reserves by £30.000 each year, which will be very challenging in the current financial climate. Principal Risks and Uncertalntles Cost Increases - A major concem are the risks presented by the continuing cost of living crisis, energy costs, workforce costs and inflation. The charity continues to address these Un￿rtaIntieS through careful forward planning and a fundraising strategy to underpin the organisation's sustainability. The main challenge we fa￿d throughout the year was maintaining Servi￿ 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 London Living Wage increases and recognise the Gonsiderable 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 enhan￿d competition in the sector and the fact that our income is above the eligibility threshold for a number of funders. Lambeth Elfrida Rathbone Society Ltd Report and financial statements For the year ended 31 March 2025 Breakdown of Income and Expenditure 1n.come Communitycalé Othor activities Children ènd Young Peoples Serwces Supported Livin£ Other service> WiihDUt Vllalls Rathbone Connect Outr- atsh Seniice - Supported L￿Ing ""*-:_ Rathbone Conne¢t ..j￿.. tr":".TrIIWithoutWalls'_: Outreach Service IP Oihef.services" -" A4,* •Children and Yovng Peoples Services Other JrtTvitie$=_ Expenditure HIVE CT!. OtL lei- ¢0 f+4 * ¢0 J 7JC co o (o rt o) U) Ln ¢0 O CD e4 7J CE5 _ Lambeth Elfrtda Rathbone Society Balance sheet Year ended 31 March 2025 2025 2024 Note Fixed assets: Tangible assets 12 252,914 211,245 252,914 211.245 Current assets: Debtors Cash at bank and in hand 13 259,999 324,449 305,510 373,568 584,448 679,077 Liabilities: Creditors.. amounts falling due within one year 14 (109,778) (150,950) Net current assets 474,667 528,127 Total assets less current liabilities 727,581 739,372 Creditors.. amounts falling due after one year Net assets excluding pension asset J {liability) Defined benefit pension scheme asset l (liability) 727,581 739,372 Total net assets 727,581 739,372 Funds Restricted income funds Unrestricted income funds.. Revaluation reserve General funds 16 16 179,677 232,711 200,000 347,904 200.000 306.658 Total unrestricted funds 547.904 506,658 Total funds 727,581 739,369 The financial statements have been prepared in accordance with the special provisions applicable to Approved by the trustees on 2711112025 and signed on their behalf by- David Minahan Trustee D?'."id ii'ilP?,42 i li'.b'J 29, 2025 10=16'.43 CN4TI Company registration no: 04590396 The attached notes form part of the financial statements. Lambeth Elfrida Rathbone Society Statement of cash flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net cash provided by l (used in) operating activities 9,925 128,150 Cash flows from investing activities: Purchase of fixed assets (59,042) (1,509} Net cash provided by l (used inl investing activities (59,042) (1,509) Net cash provided by l (used inl financing activities Change In cash and cash equivalents in the year (49,117) 126,641 Cash and cash equivalents at the beginning of the year Change in cash and cash equivalents due to exchange 373,566 246,923 Cash and cash equivalents at the end of the year 324,449 373,564 Reconciliation of net income l (expenditure) to net cash flow from operating activities 2025 2024 ,. Net income l (expenditurel for the reporting period (as per the statement of financial activities) Depreciation charges Gainslllosses) on investments Dividends, interest and rent from investments (Loss}Iprofit on the sale of fixed assets (Increase)Idecrease in stocks (Increase)Idecrease in debtors Increasel(decrease) in creditors {11,788) 117,108 17,373 3,393 45,511 (33,974) (41,172) 41,622 Net cash provided by l (used in) operating activities 9,925 128,149 l Analysis of cash and cash equivalents At1 April 2024 At31 March 2025 Cash other flows changes Cash at bank and in hand 373,564 (49,115) 324,449 Total cash and cash equivalents 373,564 49,115) 324,449 23 Lambeth Elfrida Rathbone Society Notes to tha financial statements Year ended 31 March 2025 1 Accounting policies Basis of preparation The financial slaternents 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 IFRS 102) - (Charities SORP FRS 102) (effective 1 January 2019) and the Companies Act 2006. The charitsble 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 othe￿ise slated in the relevant accoLtnting 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 dale 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 mel, 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 tunds, 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(sl 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 facililies 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 2025 1 Accounting policies (continued) Expenditure Expenditure is recognised once the￿ is a legal or constructivè obligation to make a payment to a third party. il 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 Expendtture 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 tts the particular activity where the cost relates directly lo that activity. However, the cost of overall direction and adminislralion 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 th& charity is provided lo potential beneficiaries. the ¢0st8 ssociated 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. a¢livity costs are apportioned be￿e@n 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 tem of the lease. Tangible fixed ass6ts Items of equipment are capitalised where the purchase pnce exceeds £550. Dépreciation costs are allocated lo 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 m8y extsed their net reabisable 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 al rates calculated to write down the cost of each asset to ils estimated residual value over ils expected useful life. The depreciation rates in use are as follows.. Fixture and fittings Over 10 years Office equipment Over 3 year5 Minibus 25°h Reducing balance Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short terrn highly liquid investments with a short maturity of thfee months or less from the date of acquisition or opening of the deposit or similar aecounl. Cash balances exclude any funds held on behalf of service users. Creditors and provisions Creditors and provisions are recognised where the charty has a present obligation resulting from a past event that wll probably result in the transfer of funds lo a third paty and the amounl due to settle the obligation can be measured or eslimalecl reliably. Creditors and provisions are nomially recognised al their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and f￿nanual liabilities of a kind that qualify as basic finan¢ial instruments. Basi¢ 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 ¢ost using the effective interest method. Pensions The charity operate$ a stakeholder pension scheme. 25 Lambeth Elfrida Rathbone Society Notes to the financial statements Year ended 31 March 2025 2 Income from donations and legacies 2025 Total Unrestricted 2024 Total Unreslricted Restricted Restricted Individual & organisation donations 5,056 45,022 50,078 1,564 1,564 5,056 45,022 50,078 1,564 1,564 3 Income from charitable activities 2025 2024 Restricted Restricted Unrestricted Total Unrestricted Total Adult Soc5al Care Supported Living Outreach Service Rathbone Connect Without Walls Other services Children and Young Community café 708,785 675,989 212,049 708,785 675,989 212,049 210,986 72,822 409,228 86,688 648,805 702,399 166.778 648,805 702,399 166,778 195,288 132,515 391,193 128,520 210,986 10,000 409,228 195.288 58,305 391,193 37,332 62,822 74,209 86,688 91,188 Total income from charitable activities 1,746,333 630.214 2,376,547 1,683,379 682,118 2,365,497 4 Income from other trading activities 2025 Totsl Unrestricted 2024 Total Unrestricted Restricted Restricted Old Library & Community café 40,690 40,690 51,505 51,505 40.690 40,690 51,505 51,505 5 Income from investments 2025 Totsl Unrestricted 2024 Total Unrestricted Restricted Restricted Bank Interest 6,442 6,442 5,341 5,341 6,442 6,442 5,341 5,341 26 {* o (N o ro w￿0 IYJ v o ¢0 tt u> ￿￿ o UJ o o r 7J > O ¢$ ry f (FJ Lv r) c¢ o rD Cn ¢TJ > ￿ (N o r tD o (n ts w o Ci O Lambeth Elfrida Rathbone Society Notes to the financial statements For the ear ended 31 March 2025 7 Net incoming resources for the year This is stated after charging I crediting.. 2025 2024 Depreciation Auditors, remuneration.. Audit fee excluding VAT 17.373 3.393 5,500 5,500 Analysis of stsff costs, trustee ￿muneratIon and expenses, and the cost of key management personnel Staff costs were as follows.. 2025 2024 Salaries and wages Social security costs Employer's contribution to defined contribution pension schemes 1,718,197 156.660 39,161 1,667,296 148.247 39,277 1,914,019 1,854.820 The following number of employees received employee benefits (excluding employer Nl and pension) during the year between.. 2025 2024 No. £60,000 - £69,999 The total employee benefils including pension contributions and employels Nl of the key management personnel were £85,769 {2024-. £83,105). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024.. £nil). No charity trustee received payment for professional or other services supplied to the charity {2024'. £nil). 9 Stsff numbers The average number of employees (head Count based on number of staff ernployed) during the year was- 2025 2024 Adult Social Care services Old Library and Youth Clubs Services Community café Support 54 15 14 76 75 10 Related party transactions There are no related party transactions to disclose for 2025 (2024.. none). There are no donations from related parties which are outside the normal course of business and no restricted donalions from related parties. 11 Taxation The charitable company is exempt from corporation tax as all its income is charilable and is applied for charilable purposes. 28 Lambeth Elfrida Rathbone Society Notes to the financial statements For the ear ended 31 March 2025 12 Tangible fixed assets Freehold Property Fixlure & fittings Motor Office equipment Vehicles Total Cost At the start of the year Additions in year Disposals in year 200,000 12,905 24,494 14.327 237,399 59.042 44,715 At the end of the year 200,000 12,905 38,821 44,715 296,441 Depreclation Al the start of the year Charge for the year Eliminated on disposal 2,395 1.051 23.758 5,144 26,153 17,373 11,179 At the end oflhe year Net book value Atthe end of the year 3,446 28.902 11,179 43,526 200.000 9,459 9.919 33,536 252,914 At the start of the year 200,000 10,510 736 211,246 All of the above assets are used for charitable purposes. On 1 April 2003, the assets and liabililies of the unincorporated Charity Lambelh Elfrida Rathbone Society were transferred lo 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 2025 2024 Trade debtors Prepayments Other debtors 207,778 10.024 42,197 253,671 49,418 2,421 259,999 305.510 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors Taxation and social security Other creditors Accruals 52,794 32.662 17,152 7,170 72.525 34,102 22,230 22,093 109,778 150.950 15 Analysis of net assets between funds General funds Revalualion Restricted reseNe funds Total funds Tangible fixed assets Net current assets 52,914 266,081 2DO,000 252,914 474,666 208,586 Total 318,995 2DO,000 208,586 727.581 29 Lambeth Elfrida Rathbone Society Notes to the financial ststements For the ear ended 31 March 2025 Analysis of net assels be￿een funds - prior year General funds Revaluation Restricted reseNe funds Total funds Tangible fixed assets Nel current assets 11,245 295.413 200,000 211,245 528,124 232,711 Total 306 658 200,000 232,711 739,369 16 Movements in funds - current year Incoming resources & Outgoing At the end gains resources & losses Transfers of the year At the slart of the year Restricted funds: Come Dine Wilh Us Laura Stoker- Cost of living grant Will Charitable Trust Wilhout Walls Lambelh - Mini Bus NHS South Easl- Logmycare Walcott Foundation - Inspiring Learning Jack Petchey GLA- Propel HAF Ludlow EIPS City of London All Age Autism Rathbone Sports and Leisure-'commun Walcott- Inlegraled Friday night youlh C Linder Foundation D'oyly Carte Charitable Trust High Trees - Communiity Development Garfield Weston Foundation The Vintners Company F B Coales Trust Summer Violence 14.449 14,449 5,000 5,000 210.986 (5,000) (5,0001 (210,986) (53,139) {9,000) (20,000) (3,000) (176,761) 123,940> 110.000} {33.165J {43,000) {9.855) 53,139 9,000 20,000 3,000 160,000 23,940 10,000 33,165 43.000 9,855 76.015 59.254 44,108 44,108 22,085 26,503 9,941 4,000 5,824 30,000 5.000 5,000 20,000 (4,418) (9,941 } (4.0001 15,824) 30,000 15.000) 15,000) (20,000) Total Youth 120 123 630 214 657 029 169896 Other PayPal Donation Supportl Insurance for Hive Transfers Total Other 9,781 35.241 9,781 36,000 (71.241) 28.909 28,909 Total restricted funds 156.123 675,236 {728.270) 28,909 208,586 Unrestricted funds: Desi nated funds.. Revaluation reseNe 200,000 200,000 Total designated funds General funds 200,000 306.659 200,000 318,996 1,798,520 (1,757,274) (28.909) 30 Lambeth Elfrida Rathbone Society Notes to the financial statements For the ear ended 31 March 2025 Total unrestricted funds 506,659 1,798.520 {1.757,274} {28,9091 518,996 Total funds 662,782 2,473,756 {2,485,544) 727,582 Movements in funds - prior year Incoming resources & Outgoing gains resourtss & losses Transfers At the start of the year At the end of the year Restricted funds.. Adult Social Care Se¢vices Come Dine With Us Haysmacintre { Will Trust) -Garden Workforce Development Fund Without Walls Vale Street Project Elhical Care Charter NHS South East- Logmycare Grassroots Vaccination Programme Tolal Adult Social Care Services Children and Youn Peo le Services Young Londoners Fund Jack Petchey GLA- Propel HAF Lambeth _ Mini Bus London Made Safer EIPS Lambelh Made Youth Hub extension Getting Involved Grants Rathbone Sports and Leisure-'commun Walcott London Youth Gelling Aclive Fridge and Freezer Fund Summer Trips Summer Violence Prevention Programm City Bridge Trust BBC Children In Need City of London Total Youth Other Hobson Charity- HIVE café towards the Support for Hive Total Other 12.429 2,020 0 5,000 14,449 (5,000) (36.800) {161,288) (450) (51,515) 36,800 {34,000) 195,288 450 51,515 9,000 9,680> 253 593 9.000 9,680 24 909 255 053 1,600 80.000 41,200 {1,600) {3.985) (41,200) 76,015 53.139 10,000 53,139 7,491 44,220 67,500 10.772 44,108 25,000 4,400 600 1,000 4,000 15,000 (2,509) (44,220> {67.500) {10.772) 44,108 (25,000) (4,400) (600} (1,0001 (4,0001 {15,000) 3.101 27,910 31,375 391 193 (31,011) (31,375) 284 172 173262 1,332 36,000 37.332 11,3321 36,000 36,000 1.332 Total restricted funds 91,149 682,118 {540.557) 232,711 Unrestricted funds: Desi naled funds.. Revaluation reserve General funds 200,000 331,112 531.112 200,000 306,659 506,659 1,741,788 1,741,788 (1,766,241) (1,766,241) Total unrestricted funds Totsl funds 622,261 2,423,907 {2,306.797) 739,369 31 Lambeth Elfrida Rathbone Society Notes to the financial statements For the ear ended 31 March 2025 17 Operating lease commitments No future minimum lease paymenls 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 propety and assets ofthe Charity. 32