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 2022
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 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 - 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 2022
| Trustees | M Connelly |
|---|---|
| I Dehal | |
| J Driffill (resigned 27 February 2022) | |
| 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 2022
The Trustees present their annual report together with the financial statements of the Company for the 1 April 2021 to 31 March 2022. 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)
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To promote activities to foster understanding between people from diverse backgrounds
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To undertake research into equality and human rights issues and publish the results to the public
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To cultivate a sentiment in favour of equality and human rights
The trustees confirm that in exercising their powers as charity trustees that they have given due regard to guidance on public benefit from the Charity Commission. Policies and procedures are regularly reviewed and updated.
Page 2
(A company limited by guarantee)
B:RAP LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance
Review of activities
B:RAP had an excellent start to 2021/2022. Though we were in year 2 of the pandemic, the demand for our work in the area of anti-racism, had steadily increased and several innovative programmes, designed specifically for ‘white’ people, have been gaining traction. During this year we worked on 97 projects and delivered to 6,411 individuals. Our objective to promote equality was delivered to a range of organisations, spanning the arts sector, charities sector and public sector organisations. We also worked on several research commissions and investigations.
A programme for white presenting senior colleagues in the health sector designed by B:RAP and delivered in partnership with the Kings Fund, meant that we were able to specifically support white colleagues in their efforts to get closer to anti-racist practice – not only for their own leadership, but to produce better results within the NHS. We would especially like to thank Ben Fuchs, a colleague from the Kings Fund, who sought out B:RAP’s expertise and engaged us in partnering on this work. Ben died suddenly in March 2022, and is a missed colleague and friend of B:RAP. B:RAP also used the Diamond Power Index ® 360° Leadership Assessment tool. This is a unique assessment process, which helps people understand the power of their leadership and how they can use this better. B:RAP are one of the few UK organisations accredited to use this developmental tool, and we see much need for it – especially as many organisations recognise ongoing discrimination and bullying and harassment amongst their ranks. We have worked with 21 organisations and provided over 100 individuals with one-to-one coaching.
The majority of our work has still been online but we have had the opportunity to carry out some face to face delivery, which has been energising for the team and provided great outcomes for participants.
B:RAP’s Equality Republic movement is in its second year. It continues to offer a space for critical thinking, discussion, debate and opportunities to be considered about equalities practice. During last year, B:RAP held its first bootcamp, to support anti-racist practitioners. The three day bootcamp was a huge success and we anticipate running it again next year.
We also undertook evaluation with a selection of organisations who engaged with B:RAP on their anti-racist journey. We were keen to explore and share their learnings and support us and others as they too enter into anti-racist work.
Putting ‘US’ into communities
The first area of our strategic objectives is to support people and organisations to develop the confidence and skills to deal with “difference” and previously much of this work was undertaken in community settings. However, continued Covid restrictions have limited our execution of this type of work. We continue however to support the Phoenix Way – being part of a national movement of BME organisations who are keen to support marginalised communities. We also undertook research with the Local Trust, on the impact of place based initiatives on race inequality. The University of Birmingham extended their research exploring the impact of COVID-19 on communities in Birmingham and we were able to play a part in this.
Putting ‘WE’ in work
Approximately 76% of income during this year was commissioned by a range of organisations that were committed to cultivating more equitable and socially just workplaces. The “White” Allies Programme was designed specifically for NHS leaders exploring how they use their power/role and to create anti-racist practice within their organisations.
Page 3
(A company limited by guarantee)
B:RAP LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance (continued)
Putting ‘ME’ in voice
We support the belief that people can use the power of their voice and actions to create meaningful changes in their own and the lives of others, and we have used deep democracy practices and therapeutic interventions. B:RAP have been approached by educational institutes such as the University of Nottingham’s doctoral students around noticing self and changing for the good, and HPMA with a desire to support HR/OD professionals to think critically and to respond more effectively to systemic racism. We have also received a number of requests for one-to-one coaching from managers and leaders for self-reflection, understanding of their own biases and how to be better leaders.
Putting ‘YOU’ in equality
B:RAP have a credible reputation as an organisation providing the tools and know how to measure and respond to the real needs of people to tackle inequality. We do this by hosting events and discussions, providing learning platforms and sharing our knowledge and learning. We have engaged with a myriad of individuals from a variety of organisations with the purpose of making a real change.
Financial review
Going concern
In the previous financial year 2020/21, B:RAP received significant non-recurrent funding, much of it designed to support its continued operations. Expenditure however fell as many of the activities that would otherwise have been taken place were cancelled due to lockdown rules. We were able however to recoup these losses in year, due to increased efforts and work in the field of anti-racism. In the current financial year 2021/22 some of the non-recurrent funding ceased and activities increased. This resulted in a reduction in income and an increase in expenditure. This was entirely expected and in fact reflected an exceptionally busy and successful time for the organisation as demand for its services increased markedly. Despite this change in income and expenditure, B:RAP returned a healthy operational surplus. The cumulative effect of two significant surpluses led the management team and the Board of Trustees to agree a very different approach to the next financial year 2022/23. That in order to create space for the B:RAP team to focus more selectively on key areas of work and to use time to consolidate intellectual property through documentation and publication, the Trustees agreed to commit some of the accrued surplus to supporting this work. This will lead to a planned deficit budget for the next financial year 2022/23, with the intent of resuming normal operations in 2023/24.
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 £100,000 (amended March 2022), which is equivalent to approximately three months operational expenditure and contractual liabilities. The current general free reserves (unrestricted funds excluding fixed assets) is £623,277 (2021: £439,875) 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.
Page 4
B:RAP LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
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.
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 19.
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.
Page 5
B:RAP LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management (continued)
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 year ended 31 March 2022 this cover was provided by Endsleigh Insurance Services Limited (amended - since September 2021).
Plans for future periods
Given the unprecedented nature of the last couple of years, B:RAP have been actively reviewing our strategic plan with a view to re-launching this in January 2023. We recognise the ongoing hybrid nature of the working environment and have set about creating practice across our work, which supports our team to do this well.
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;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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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
(Chair of Trustees) Date: 9 November 2022
Page 6
B:RAP LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
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 2022.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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: 25 November 2022
Helen Blundell LLB FCA FCIE DChA
MHA MacIntyre Hudson
Chartered Accountants Rutland House 148 Edmund Street Birmingham B3 2FD
Page 7
(A company limited by guarantee)
B:RAP LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ - (7,250) (7,250) 111,103 111,103 (118,353) 218,447 (118,353) 100,094 |
Unrestricted funds 2022 £ 1,430 732,179 733,609 543,727 543,727 189,882 449,050 189,882 638,932 |
Total funds 2022 £ 1,430 724,929 726,359 654,830 654,830 71,529 667,497 71,529 739,026 |
Total funds 2021 £ 589 872,112 |
|---|---|---|---|---|
| 872,701 | ||||
| 549,196 | ||||
| 549,196 | ||||
| 323,505 | ||||
| 343,992 323,505 |
||||
| 667,497 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 26 form part of these financial statements.
Page 8
B:RAP LIMITED
(A company limited by guarantee) REGISTERED NUMBER: 03693499
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
275,920 752,209 1,028,129 (304,758) |
2022 £ 15,655 15,655 723,371 739,026 100,094 638,932 739,026 |
115,368 606,832 722,200 (63,878) |
2021 £ 9,175 |
|---|---|---|---|---|
| 9,175 658,322 |
||||
| 667,497 | ||||
| 218,447 449,050 |
||||
| 667,497 |
Page 9
B:RAP LIMITED
(A company limited by guarantee) REGISTERED NUMBER: 03693499
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022
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
(Chair of Trustees) Date: 9 November 2022
The notes on pages 12 to 26 form part of these financial statements.
Page 10
B:RAP LIMITED
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
| Note Cash flows from operating activities Net cash used in operating activities 14 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 15 The notes on pages 12 to 26 form part of these financial statements |
2022 £ 159,947 (14,570) 145,377 606,832 752,209 |
2021 £ 379,657 (9,148) 370,509 236,323 606,832 |
|---|---|---|
Page 11
B:RAP LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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 12
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. 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 13
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. 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.
3. Income from donations and legacies
| Unrestricted funds 2022 £ Donations 1,430 Unrestricted funds 2021 £ Donations 589 |
Total funds 2022 £ 1,430 |
|---|---|
| Total funds 2021 £ 589 |
Page 14
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4. 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 2022 Putting 'US' into communities Putting 'YOU' in equality Putting 'WE' in work Putting 'ME' in voice Coronavirus Job Retention Scheme Total 2021 |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 5,500 - 11,027 - 561,912 (7,250) 153,740 - - (7,250) 732,179 Restricted funds 2021 Unrestricted funds 2021 £ £ 35,800 9,750 77,062 500 - 345,122 212,253 162,343 - 29,282 325,115 546,997 |
Total funds 2022 £ 5,500 11,027 561,912 146,490 - |
|---|---|---|
| 724,929 | ||
| 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 2022
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 Barrow Cadbury Trust Total 2022 Restricted funds 2021 £ National Lottery Community Fund - Emerging Futures Fund 35,800 National Lottery Community Fund - COVID 19 emergency funding 166,129 Esmee Fairbairn Foundation 46,124 Esmee Fairbairn Foundation- Covid fast response 23,062 Esmee Fairbairn - Covid grant for BME organisations 54,000 Coronavirus Job retention Scheme government grant - Total 2021 325,115 |
Restricted funds 2022 £ - - - - - - (7,250) (7,250) Unrestricted funds 2021 £ - - - - - 29,282 29,282 |
Total funds 2022 £ - - - - - - (7,250) (7,250) Total funds 2021 £ 35,800 166,129 46,124 23,062 54,000 29,282 354,397 |
|---|---|---|
During the year the charity received £Nil (2021: £29,282) from the government under the Coronavirus Job Retention Scheme funding. There are no unfulfilled conditions or other contingencies attaching to the grant.
Due to the impact of the Covid-19 pandemic it was not possible to deliver the PACT Pioneer Project as originally envisaged. Following discussion with Barrow Cadbury Trust the final amount due of £25,000 less amounts not spent would be paid to continue dissemination of the programme's learning.
Page 16
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5. 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 2022 £ 386,060 Activities undertaken directly 2021 £ 370,809 |
Support costs 2022 £ 268,770 Support costs 2021 £ 178,387 Total funds 2022 £ 209,802 166,589 286 2,529 5,473 1,381 386,060 |
Total funds 2022 £ 654,830 |
|---|---|---|---|
| Total funds 2021 £ 549,196 |
|||
| Total funds 2021 £ 285,667 55,268 - 29,572 302 - |
|||
| 370,809 |
Page 17
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5. 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 Recruitment |
Total funds 2022 £ 148,572 6,947 - 25,600 1,655 29,633 36,804 2,717 10,729 5,941 172 268,770 |
Total funds 2021 £ 80,452 5,032 35 9,615 1,243 29,353 43,539 1,790 3,158 4,170 - |
|---|---|---|
| 178,387 |
6. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £5,941 (2021 - £3,720) , and other services of £Nil ( 2021 - £450 ).
7. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 309,844 29,432 19,098 358,374 |
2021 £ 314,664 31,480 19,975 |
|---|---|---|
| 366,119 |
Page 18
(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
7. Staff costs (continued)
The average number of persons employed by the Company during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Employees | 8 | 8 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2022 | 2021 | ||
|---|---|---|---|
| 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 (2021: 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 £159,639 (2021: £163,868).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .
During the year ended 31 March 2022, expenses totalling £ NIL were reimbursed or paid directly to Trustee (2021 - £NIL to Trustee) for travel expenses to board meetings and other related meetings.
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
9. Tangible fixed assets
| Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year On disposals At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 10. Debtors Due within one year Trade debtors Prepayments and accrued income |
Plant and machinery £ 43,631 12,606 (20,952) 35,285 35,746 5,863 (19,809) 21,800 13,485 7,885 |
Fixtures and fittings £ 7,550 1,964 (2,606) 6,908 6,260 1,084 (2,606) 4,738 2,170 1,290 2022 £ 244,555 31,365 275,920 |
Total £ 51,181 14,570 (23,558) 42,193 42,006 6,947 (22,415) 26,538 15,655 9,175 2021 £ 77,090 38,278 115,368 |
|---|---|---|---|
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
11. 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 2021 Resources deferred during the year Amounts released from previous periods |
2022 £ - 10,117 28,775 265,866 304,758 2022 £ 23,700 245,130 (23,700) 245,130 |
2021 £ 498 11,324 - 52,056 63,878 2021 £ 33,887 23,700 (33,887) 23,700 |
|---|---|---|
Deferred income relates to services invoiced in advance of delivery.
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. Statement of funds
| 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 Fairbairn Foundation - Covid fast response Esmee Fairbairn Foundation Total of funds |
Balance at 1 April 2021 £ 449,050 17,808 1,221 44,114 19,120 133,836 414 1,934 218,447 667,497 |
Income £ 733,609 - - (7,250) - - - - (7,250) 726,359 |
Expenditure £ (543,727) (1,758) - (4,202) (5,471) (99,672) - - (111,103) (654,830) |
Balance at 31 March 2022 £ 638,932 |
| 16,050 1,221 32,662 13,649 34,164 414 1,934 |
||||
| 100,094 | ||||
| 739,026 |
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. Statement of funds (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. The project was not able to be completed in its initial form, therefore the grant and work to be undertaken were renegotiated at a lower rate.
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.
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. Statement of funds (continued)
Statement of funds - prior 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 Fairbairn 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 |
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 15,655 100,094 928,035 - (304,758) 100,094 638,932 Restricted funds 2021 Unrestricted funds 2021 £ £ - 9,175 242,147 480,053 (23,700) (40,178) 218,447 449,050 |
Total funds 2022 £ 15,655 1,028,129 (304,758) |
|---|---|---|
| 739,026 | ||
| Total funds 2021 £ 9,175 722,200 (63,878) |
||
| 667,497 |
14. 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 (Increase)/Decrease in debtors Increase in creditors Net cash provided by operating activities |
2022 £ 71,529 6,947 1,143 (160,552) 240,880 159,947 |
2021 £ 323,505 |
|---|---|---|
| 5,032 - 48,387 2,733 |
||
| 379,657 |
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(A company limited by guarantee)
B:RAP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Analysis of cash and cash equivalents
| Cash in hand Total cash and cash equivalents |
2022 £ 752,209 752,209 |
2021 £ 606,832 |
|---|---|---|
| 606,832 |
16. Analysis of changes in net debt
| Cash at bank and in hand | At 1 April 2021 £ 606,832 606,832 |
Cash flows £ 145,377 145,377 |
At 31 March 2022 £ 752,209 |
|---|---|---|---|
| 752,209 |
17. 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 £19,098 (2021 - £20,140) Contributions totalling £Nil (2021 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
18. Operating lease commitments
At 31 March 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Not later than | 1 | year | - | 14,577 |
19. Related party transactions
During the year there were purchases of £27,025 (2021: £5,750) from Kline Associates Ltd for consultancy services. The director of the company is husband of Trustee N Kline.
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