2021-03-31-accounts

Registered number: 03693499 Charity number: 1115990

B:RAP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

B:RAP LIMITED

(A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details of the Company, its Trustees and advisers	1
Trustees' report	2 - 7
Independent examiner's report	8
Statement of financial activities	9
Balance sheet	10 - 11
Statement of cash flows	12
Notes to the financial statements	13 - 26

B:RAP LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees	M Connelly
	I Dehal
	J Driffill
	K Greenbank
	C Harris
	A Jones
	N Kline
	K Kneller
	A Williams
Company registered number 03693499 Charity registered number 1115990 Registered office The Arch, Unit F1 48-52 Floodgate Street Digbeth Birmingham B5 5SL Company secretary and Chief Executive J Warmington Independent examiner Helen Blundell LLB FCA FCIE DChA Accountants MHA MacIntyre Hudson Chartered Accountants Rutland House 148 Edmund Street Birmingham B3 2FD Bankers The Co-Operative bank PO Box 250 Delf House Skemersdale WN8 6WT

Page 1

B:RAP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Company for the 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

 Policies and objectives

The charity's mission and role:

To help people, communities and the organisations that serve them turn equality into reality, in order to create a society which is more equitable and confident in its diversity.

Our mission - to inspire and lead change that helps our society to address inequality and promote human rights.

The principal objects of the company as set out in the constitution are as follows:

• To eliminate discrimination and encourage equality of opportunity

• To promote equality and diversity and equal rights for a range of excluded groups (in relation to race, gender, sexual orientation, age, disability, religion or belief and gender re-assignment)

• To promote activities to foster understanding between people from diverse backgrounds

• To undertake research into equality and human rights issues and publish the results to the public

• To cultivate a sentiment in favour of equality and human rights

The trustees confirm that in exercising their powers as charity t rustees that they h ave given due regard toguidance on public benefit from the Charity C ommission. Policies and procedures are regularly r eviewed andupdated.

Page 2

B:RAP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

 Review of activities

2020/21 will always be embedded in our minds as the year of the pandemic. B:RAP, like many other organisations closed on the 23 March 2020, not knowing what was in store for us as an organisation. Much of what we had secured by way of income in this new financial year – disappeared, as organisations reviewed their commitments and cancelled work. This left B:RAP with a financial hole, and no way of knowing how it would be filled. Unfortunately, demand for B:RAP’s work was catalysed by the murder of George Floyd on the 25 May 2020. Unfortunate, because the increased campaigning and activity in support of anti-racism, has come on the back of the death of another Black person. Demand for anti-racist work has imploded – and our reputation for solid and thoughtful work in this area, held us in good stead to be able to respond to many requests for this kind of support. During the last year we have worked with over 100 organisations, some very small organisations, through to large organisations and well-known charities, like Barnardo’s and Oxfam UK – all of which have made some kind of commitment to understanding and addressing racism.

This year has also been typified by a holistic move to online work – which has enabled us to meet increased demand. It has also meant that B:RAP has had to learn and adapt its work, so that it can be impactful on an online platform. The health and well-being of the team has been an issue, and we have developed new policies and put in place practical strategies to manage the demands of the on-line world.

At the beginning of 2020, B:RAP was due to celebrate our 21st Anniversary – this event was postponed due to the pandemic, but we were able to re-group and held a fabulous online launch of a new movement to get the equalities movement into shape – The Equality Republic. Throughout this year, the Equality Republic has held some innovative and thoughtful events and has grown in its membership. “Who we are together” has become critical, as we set forth to occupy a world that has been ravaged by the pandemic.

What we do next will distinguish us from the reactive and responsive people we have become – to being more considered and proactive, recognising what this pandemic has showed us about the fault lines in our society, and what is important to us all.

Page 3

(A company limited by guarantee)

B:RAP LIMITED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Putting ‘US’ into communities

The first area of our strategic objectives delves into the intricacy of human behaviours and the influence it has on how we interact with another. During this year we have not been able to undertake any face to face outreach to support this strategic aspiration. We have however, undertaken research to understand people’s coping mechanisms throughout the pandemic and to explore what is needed. Our work with civil society organisations, part of the PACT – has continued, online. We have also supported other organisations with listening events and created opportunities for people to connect on a variety of different themes. The University of Birmingham approached us to carry out Big Local and Community Responses to the COVID-19 crisis in real time, enabling us to look at how communities reacted to, and coped with the impact of the pandemic.

We have also been part of a national call to action, initiated by Ubele – to help BME voluntary and community organisations access resources, so that in turn they could support BME communities. In the very early stages of the pandemic, there was a recognition that it was having a more negative impact on poorer and BME communities.

Putting ‘WE’ in work

Approximately 39% of income during this year, was generated through work directly with a range of organisations, whose aspiration was to create a fairer and more just workplace. Not unsurprisingly, much of our work related to developing anti-racist organisations – one which was less likely to create routine discriminatory outcomes between white and BME ethnic groups. In addition to providing workshops that supported people to understand anti-discriminatory concepts in practice, we also ran leadership sessions, coaching sessions and worked to support culture change across whole organisations. Some of this work involved auditing information and creating a ‘baseline’ from which organisations could measure their progress. The recipients of this type of work ranged from very small organisations, through to large NHS trusts and charities, such as Barnardo’s and Amnesty International.

Putting ‘ME’ in voice

We have continued our work with the Royal College of Midwives, supporting them to be more responsive to the experiences of BME midwives. On a similar vein we also ran a course for the NASUWT, again helping their staff to be better able to understand and respond to the needs of marginalised staff and members. The National Lottery Community Fund supported us in our work to continue to offer progressive and evidence-based approaches to further the equality agenda.

Putting ‘YOU’ in equality

B:RAP is a trusted name and game changer in the field of equalities, and have caught the attention of large charities and grant giving organisations, who have acknowledged that we intend to change the way we all live and work together for the better. We have received continued support from Esmée Fairbairn in the shape of Covid-19 grant funding to afford B:RAP further sustainability to continue on its mission and aims in a very uncertain world. We launched The Equality Republic, which is a movement for change, inviting individuals and organisations that work on issues of equality to raise their game.

Page 4

(A company limited by guarantee)

B:RAP LIMITED

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Financial review

 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

 Reserves policy

Though financially we have made a profit, we have also deferred income to the next financial year due to outstanding delivery although commissioners have paid in full. B:RAP is committed to sustain its ambition to maintain our reserves level. Having reviewed the reserves policy we have increased the reserve level to £60,000, which is equivalent to approximately three months operational expenditure and contractual liabilities. The current general free reserves (unrestricted funds excluding fixed assets) £439,875 (2020: £217,320). The actual reserves exceed the minimum reserve, which gives the organisation some financial security and allows for development of new opportunities. The policy will continue to be reviewed in light of ongoing strategic planning and development.

The Trustees have noted that B:RAP have accumulated a higher level of reserves throughout the financial year, and discussed the implications of this in relation to B:RAP’s charitable aims. As B:RAP’s costs have increased, so have our wind down costs and this increase has been reflected in our reserves policy. In addition, the board of Trustees recognise that the nature of B:RAP’s work and agenda, does not always place the organisation on a sound financial footing and as a consequence take a longer term view of the organisations finances and the need to ‘buffer’ the organisation against leaner times.

Structure, governance and management

 Constitution

B:RAP Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 5 January 1999.

 Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

 Organisational structure and decision-making policies

The charity is governed by its Board of Trustees which meets regularly throughout the year. This work is supplemented by strategic sessions and stakeholder engagement information, which helps the organisation to maintain its relevance and assess its impact. The day to day operation of the organisation is delegated to the Chief Executive Officer and there is a clear policy regarding the delegated authority for this role.

Page 5

B:RAP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

 Policies adopted for the induction and training of Trustees

All Trustees are recruited against a role description and are invited to B:RAP on the basis of their working expertise, experience or skills. The Board first and foremost wants to ensure that we have Trustees that are fit for purpose and represent a wide range of views and interests. New Trustees have a comprehensive induction process, are provided with an information pack covering the work of the charity and their expected role and are mentored/reviewed in line with the expectations of the role. New Trustees can also opt to be mentored by another more experienced board member to help them to gain a better understanding of their role.

 Pay policy for key management personnel

The directors consider the board of directors, who are the charity's trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All directors give up their time freely and no director received remuneration in the year. Details of directors' expenses and related party transactions are disclosed in note 7 to the financial statements. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the directors benchmark, against pay levels in other similar size run organisations on a voluntary basis.

 Related party relationships

None of our Trustees receive remuneration or other benefits from their work with the charity. Any connection between a Trustee or the CEO of the charity or any other organisation must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. Related party transactions are reported in note 18.

 Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

 Trustees' indemnities

Trustees benefit from indemnity insurance to cover the liability of the Trustees which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default or breach of trust or breach of duty of which they may be guilty to the charitable company. For the period ended 31 March 2021 this cover was provided by Arthur J Gallagher Insurance.

Page 6

B:RAP LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Plans for future periods

Like many of us, the pandemic has forced us to think anew about who we are and what we do. Although we only launched our new strategic plan in 2020, we know that it needs to be revisited. No one could have predicted the events of the last year and we need to be ready to address the consequences of this more thoroughly. Plans for the future include:-

• Reviewing the evidence of the last year, and in particular the impact of our interventions, both with individuals and organisations

• Revisiting our models for supporting organisations – being clearer about the evidence we can marshal

• Working to support systems (by this we mean services that have been configured to support the public) . We recognise that these will need to learn and adapt quickly, if they are to provide benefit in the wake of the pandemic.

• Actively supporting employment initiatives – especially in relation to offering opportunities, talent development and leadership

• Working with schools, colleges and higher education

• Reviewing our online presence, so that we can continue to be effective in what we offer

• Growing the Equality Republic movement

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

K Kneller (Trustee) Date: 7 October 2021

Page 7

B:RAP LIMITED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the Trustees of B:RAP Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 11 October 2021

Helen Blundell LLB FCA FCIE DChA

MHA MacIntyre Hudson

Chartered Accountants Rutland House 148 Edmund Street Birmingham B3 2FD

Page 8

(A company limited by guarantee)

B:RAP LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note Income from: Donations and legacies Charitable activities 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward 11	Restricted funds 2021 £ - 325,115 325,115 228,281 228,281 96,834 121,613 96,834 218,447	Unrestricted funds 2021 £ 589 546,997 547,586 320,915 320,915 226,671 222,379 226,671 449,050	Total funds 2021 £ 589 872,112 872,701 549,196 549,196 323,505 343,992 323,505 667,497	Total funds 2020 £ - 643,155
				643,155
				502,031
				502,031
				141,124
				202,868 141,124
				343,992

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 13 to 26 form part of these financial statements.

Page 9

B:RAP LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 03693499

BALANCE SHEET AS AT 31 MARCH 2021

Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds	115,368 606,832 722,200 (63,878)	2021 £ 9,175 9,175 658,322 667,497 218,447 449,050 667,497	163,755 236,323 400,078 (61,145)	2020 £ 5,059
				5,059 338,933
				343,992
				121,613 222,379
				343,992

Page 10

B:RAP LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 03693499

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

K Kneller

(Trustee) Date: 7 October 2021

The notes on pages 13 to 26 form part of these financial statements.

Page 11

B:RAP LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 13 to 26 form part of these financial statements	2021 £ 379,657 (9,148) 370,509 236,323 606,832	2020 £ 51,198 (1,685) 49,513 186,810 236,323

Page 12

B:RAP LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

B:RAP Ltd is a charitable Company limited by guarantee, registered in England and Wales and operates from its registered office of: The Arch, Unit F1, 48-52 Floodgate Street, Digbeth, Birmingham, B5 5SL.

Its principal activities are to address inequality and promote human rights.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

B:RAP Limited 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.

The financial statements are presented in British pound sterling and rounded to the nearest £.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 13

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Office equipment - 25% straight line Fixtures and fittings - 25% straight line

2.6 Debtors

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

2.7 Cash at bank and in hand

Cash at bank and 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.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Company 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.

Page 14

B:RAP LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

2.10 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1. Income from charitable activities

Putting 'US' into communities Putting 'YOU' in equality Putting 'WE' in work Putting 'ME' in voice Coronavirus Job Retention Scheme Total 2021	Restricted funds 2021 £ 35,800 77,062 - 212,253 - 325,115	Unrestricted funds 2021 £ 9,750 500 345,122 162,343 29,282 546,997	Total funds 2021 £ 45,550 77,562 345,122 374,596 29,282
			872,112

Page 15

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Income from charitable activities (continued)

Putting 'US' into communities Putting 'YOU' in equality Putting 'WE' in work Putting 'ME' in voice Total 2020	Restricted funds 2020 £ - 22,842 76,983 151,124 250,949	Unrestricted funds 2020 £ 31,440 2,149 269,721 88,896 392,206	Total funds 2020 £ 31,440 24,991 346,704 240,020
			643,155

Included in the above income from charitable activities are grants provided by:

National Lottery Community Fund - Emerging Futures Fund National Lottery Community Fund - COVID 19 emergency funding Esmee Fairbairn Foundation Esmee Fairbairn Foundation- Covid fast response Esmee Fairbairn - Covid grant for BME organisations Coronavirus Job Retention Scheme government grant Total 2021 Barrow Cadbury Trust Comic Relief Esmee Fairbairn Calouste Gulbenkian Heart of England Community Foundation Total 2020	Restricted funds 2021 £ 35,800 166,129 46,124 23,062 54,000 - 325,115	Unrestricted funds 2021 £ - - - - - 29,282 29,282 Restricted funds 2020 £ 105,000 22,842 46,124 66,000 10,983 250,949	Total funds 2021 £ 35,800 166,129 46,124 23,062 54,000 29,282
			354,397
			Total funds 2020 £ 105,000 22,842 46,124 66,000 10,983
			250,949

Page 16

B:RAP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

During the year the charity received £29,282 (2020: £Nil) from the government under the Coronavirus Job Retention Scheme funding. There are no unfulfilled conditions or other contingencies attaching to the grant.

1. Analysis of expenditure by activities

Charitable activities Charitable activities Analysis of direct costs Staff costs Consultancy and professional fees Marketing and publicity Seminars, events and training Travel and subsistence Other costs	Activities undertaken directly 2021 £ 370,809 Activities undertaken directly 2020 £ 344,877	Support costs 2021 £ 178,387 Support costs 2020 £ 157,154 Total funds 2021 £ 285,667 55,268 - 29,572 302 - 370,809	Total funds 2021 £ 549,196
			Total funds 2020 £ 502,031
			Total funds 2020 £ 272,272 23,254 3,482 10,256 35,431 182
			344,877

Page 17

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs Depreciation Marketing and publicity Seminars, events and training Travel and subsistence Premises costs Other office costs Insurance Legal and professional fees Independent examiner's fees 5. Independent examiner's remuneration Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts Fees payable to the Company's independent examiner in respect of: All other services not included above 6. Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes	Total funds 2021 £ 80,452 5,032 35 9,615 1,243 29,353 43,539 1,790 3,158 4,170 178,387 2021 £ 3,720 450 2021 £ 314,664 31,480 19,975 366,119	Total funds 2020 £ 57,970 3,988 605 13,962 10,927 27,920 32,175 2,861 1,500 5,246
		157,154
		2020 £ 3,390 1,856
		2020 £ 285,331 27,200 17,711
		330,242

Page 18

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

	2021	2020
	No.	No.
Employees	8	8

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

		2021	2020
		No.	No.
In the band £70,001	- £80,000	-	1
In the band £80,001	- £90,000
		1	-

The higher banding above for 2021 is a non-occurrence payment, pertaining to unused holidays due to delivery demands and cost of living increases.

Key management personnel comprise trustees, the Chief Executive Officer and the Deputy CEO. Two (2020: Two) members of key management personnel were remunerated for their services to the organisation. Total costs of key management personnel (including employer pension and national insurance contributions) were £163,868 (2020: £153,559).

1. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, expenses totalling £ NIL were reimbursed or paid directly to Trustee (2020 - £78 to 1 Trustee) for travel expenses to board meetings and other related meetings.

Page 19

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Tangible fixed assets

Cost or valuation At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year On disposals At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 9. Debtors Due within one year Trade debtors Prepayments and accrued income	Plant and machinery £ 40,453 8,078 (4,900) 43,631 36,426 4,220 (4,900) 35,746 7,885 4,027	Fixtures and fittings £ 6,930 1,070 (450) 7,550 5,898 812 (450) 6,260 1,290 1,032 2021 £ 77,090 38,278 115,368	Fixtures and fittings £ 6,930 1,070 (450) 7,550 5,898 812 (450) 6,260 1,290 1,032 2021 £ 77,090 38,278 115,368		Total £ 47,383 9,148 (5,350) 51,181 42,324 5,032 (5,350) 42,006 9,175 5,059 2020 £ 66,414 97,341
			115,368		163,755

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B:RAP LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Creditors: Amounts falling due within one year

Trade creditors Other taxation and social security Other creditors Accruals and deferred income Deferred income at 1 April 2020 Resources deferred during the year Amounts released from previous periods	2021 £ 498 11,324 - 52,056 63,878 2021 £ 33,887 23,700 (33,887) 23,700	2020 £ 2,251 8,655 2,946 47,293 61,145 2020 £ 16,008 33,887 (16,008) 33,887

Page 21

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds Statement of funds - current year Unrestricted funds General Funds Restricted funds National Lottery Community Fund - Emerging Futures Fund Esmee Fairbairn Foundation - Covid grant for BME organisations Barrow Cadbury Trust Calouste Gulbenkian Foundation National Lottery Community Fund - COVID 19 emergency funding Esmee Fairbain Foundation - Covid fast response Esmee Fairbairn Foundation Total of funds	Balance at 1 April 2020 £ 222,379 - - 86,914 34,699 - - - 121,613 343,992	Income £ 547,586 35,800 54,000 - - 166,129 23,062 46,124 325,115 872,701	Expenditure £ (320,915) (17,992) (52,779) (42,800) (15,579) (32,293) (22,648) (44,190) (228,281) (549,196)	Balance at 31 March 2021 £ 449,050
				17,808 1,221 44,114 19,120 133,836 414 1,934
				218,447
				667,497

Page 22

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Statement of funds (continued)

Statement of funds - current year (continued)

Restricted funds

National Lottery Community Fund - Emerging Futures Fund

The project supported individuals to recognize the systems that shape their lives, systems that they are a part of, and that are unconsciously contributed to and help people make active choices by recognising that they have the possibilities of change within themselves. Brap used this funding to help people engage in visioning anti-racist future for Birmingham.

Esmée Fairbairn Foundation - Covid grant for BME Organisations

Esmée acknowledges the disproportionate impact COVID-19 continued to have on racialised communities and the discrimination racialised communities have experienced due to funder practice and processes, by offering extra support to organisations led by BME organisations.

Barrow Cadbury Trust

The purpose of the grant is to conduct work that builds on the Civil Society's Future report's PACT approach (Power, Accountability, Connection and Trust) in communities. This work includes promotion of the PACT principles and the design and delivery of a PACT course.

Calouste Gulbenkian Foundation

Funding to support the development action-learning program led by a group of arts organisations, which builds on the work of the PACT pioneer programme, enabling arts organisations, networks and movements to become early adopters of the principles of the PACT.

National Lottery Community Fund - COVID-19 Emergency Funding

Funding for the Back to Future - Equalities practice for a new generation . Enabling brap to continue our efforts to support organisations, by offering learning opportunities and disseminating what works. This funding also recognises the need to respond to ongoing unemployment challenges that will be exacerbated by COVID-19.

Esmée Fairbairn Foundation - Covid fast response

In response to the coronavirus pandemic, Esmée Fairbairn Foundation’s Trustees decided to make £16 million of new funding available this year to support organisations facing financial difficulties as a result of the pandemic, prioritising brap for some support in relation to the grant for our core costs.

Esmée Fairbairn Foundation

Core funding to support the delivery of the strategic ambitions of the organisation to challenge unfairness and exclusion. Esmée's support enhanced the position of the organisation so that it is better known Nationally, and therefore more able to make an impact on inequalities.

Page 23

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds (continued) Statement of funds - prior year Unrestricted funds General Funds Restricted funds National Lottery Community Fund - Civil Society Futures Esmee Fairbairn Foundation Comic relief Barrow Cadbury Trust Heart of England Community Foundation Calouste Gulbenkian Foundation Total of funds 12. Analysis of net assets between funds Analysis of net assets between funds - current	Balance at 1 April 2019 £ 152,868 50,000 - - - - - 50,000 202,868 year	Income £ 392,206 - 46,124 22,842 105,000 10,983 66,000 250,949 643,155	Expenditure £ (322,695) (50,000) (46,124) (22,842) (18,086) (10,983) (31,301) (179,336) (502,031)	Balance at 31 March 2020 £ 222,379
				- - - 86,914 - 34,699
				121,613
				343,992

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2021 Unrestricted funds 2021 £ £ - 9,175 242,147 480,053 (23,700) (40,178) 218,447 449,050	Total funds 2021 £ 9,175 722,200 (63,878) 667,497

Page 24

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Restricted funds 2020 £ - 155,500 (33,887) 121,613	Unrestricted funds 2020 £ 5,059 244,578 (27,258) 222,379	Total funds 2020 £ 5,059 400,078 (61,145) 343,992

1. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Loss on the sale of fixed assets Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 14. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents	2021 £ 323,505 5,032 - 48,387 2,733 379,657 2021 £ 606,832 606,832	2020 £ 141,124 3,988 172 (114,680) 20,594 51,198 2020 £ 236,323 236,323

Page 25

(A company limited by guarantee)

B:RAP LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Analysis of changes in net debt

Cash at bank and in hand	At 1 April 2020 £ 236,323 236,323	Cash flows £ 370,509 370,509	At 31 March 2021 £ 606,832
			606,832

16. Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,140 (2020 - £17,711) Contributions totalling £Nil (2020 - £2,008) were payable to the fund at the balance sheet date and are included in creditors.

17. Operating lease commitments

At 31 March 2021 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year Later than 1 year and not later than 5 years	2021 £ 14,577 - 14,577	2020 £ 24,574 14,577
		39,151

18. Related party transactions

During the year there were purchases of £5,750 (2020: £Nil) from Kline Associates Ltd for consultancy services. The director of the company is husband of Trustee N Kline.

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