**REGISTERED COMPANY NUMBER: 03693499 (England and Wales) REGISTERED CHARITY NUMBER: 1115990**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **B:RAP LTD**
Harrison Beale & Owen Limited Chartered Accountants and Statutory Auditor Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
**B:RAP LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Report of the Independent Auditors**|5|to|7|
|**Statement of Financial Activities**||8||
|**Balance Sheet**|9|to|10|
|**Cash Flow Statement**||11||
|**Notes to the Cash Flow Statement**||12||
|**Notes to the Financial Statements**|13|to|21|
|**Detailed Statement of Financial Activities**||22||
## **B:RAP LTD**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 March 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **About B:RAP**
B:RAP is a charity transforming the way we think and do equality. This calendar year is brap's 25th year of incorporation as a limited company. This will very much be a year of reflection for the organisation and also a year in which we launch our new manifesto - 'Dreams and Schemes' in which we hold our aspirations for gearing up the work that we do and making more of an impact on discrimination.
## **Who we work with**
B:RAP partners with and are commissioned by organisations from the public, private and not-for-profit sector. 50% of our work during this financial year was with not for profit organisations. The NHS, accounted for 30% of our work and the other 20% was a mixture of local authority work, university and school based work, work with the local government and our own brap run programmes.
## **What we do**
B:RAP works to support others to improve upon their understanding and implementation of equality. We work to use and generate evidence that can guide thinking and behaviours. Our work portfolio includes: a range of learning activities, from one-to-one coaching, group support, management and leadership support, and organisational development interventions. We have a research and evaluation portfolio, which includes research that we undertake in our own right, in collaboration with others, and commissioned research activities. We undertake some specialist work, which includes investigations, working to address conflict and psychotherapeutic support for marginalised groups. We were one of the first organisations to draw on the principles of human rights to position the rights and entitlements of all and we recognise that our identities are complex and fluid.
## **REVIEW OF LAST YEAR: 2023-24**
## **Too Hot to Handle**
brap released this report into racism in the NHS in February 2024 year. The report has gained a lot of publicity and we have been asked to speak on its contents numerous times. More importantly the report makes reference to some common themes in how racism is dealt with within the NHS and what organisations can do about it .
A number of organisations in the health sector have responded to 'Too Hot to Handle?'.
o The RCN is a membership organisation of over half a million registered nurses, midwives, health care assistants and nursing students. Read their response.
o NHS Providers is the membership organisation for the NHS hospital, mental health, community and ambulance services that treat patients and service users in the NHS. Read their response.
o The National Guardians Office leads, trains and supports a network of Freedom to Speak Up Guardians. Read their response.
o The Royal College of Psychiatrists is the professional medical body responsible for supporting psychiatrists throughout their careers in the UK. Read their response.
o West Yorkshire Health and Care Partnership is an integrated care system, working in partnership with NHS organisations, councils, Healthwatch, hospices, and other community organisations to improve the health and wellbeing of local people. Read their response.
Page 1
**B:RAP LTD**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
Coverage of 'Too Hot to Handle?' in the media:
o 'Trusts risk 'Obama effect' after diversifying boards', Health Sector Journal. Link
o 'Report investigates racism in the NHS', Health Business. Link
o 'Racism: Too Hot To Handle', BMJ Leader. Link
o 'NEWS: NHS leaders urged to address racism', Practice Business. Link
o 'Racism remains part of NHS culture, researchers warn', Nursing Times. Link
o 'NHS racism: staff fear troublemaker label for raising concerns', Nursing Standard. Link
o NHS organisations must "get a grip" on racism, says report', The British Medical Journal. Link
o brap's CEO delivered a speech to Middlesex University's Postgraduate Researchers' Summer Conference on 4 July 2023 on the subject of 'Radically Creative: the role of research in creating an ethical future'
o In August 2023 brap produced an ezine, aimed at professionals and the wider public. The zine had articles on topics including white allyship, the beliefs that maintain racism, inequality in higher education, and white working-class identities. The zine has been downloaded over a thousand times. www.brap.org.uk/post/ pushback-how-the-system-whites-itself
o With Roger Kline, Joy Warmington wrote a peer-reviewed article in for the BMJ: 'Playing the Numbers Game?' (Warmington J, Kline R. BMJ Leader 2023;7:1-3). The article looked at the pitfalls of 'representation' as a model for equality and proposed other indicators
o brap's CEO was interviewed by the Kings Fund for their podcast in October 2023. She spoke about anti-racism and why it is important for health care. Also explored the importance of forging genuine change beyond target setting, what authentic leadership means, and having the courage to do things differently.
## **A selection of programmes during 23 - 24**
This year, we delivered over 400 days of development and support.
o Anti-racist Cumbria - in partnership with Anti-Racist Cumbria, we have developed and piloted a training programme for the Cumbrian police force. The programme is taken from a national pilot, describing the work that Police Forces across the country need to do, if they are to gain the Trust of black communities .
o We have continued to do work with Birmingham Children's Trust - social workers, to support their use of anti-oppressive practice in their work
o Birmingham Mind, is a re-occurring client, who have approached us for the last few years to induct new staff into EDI o brap's white work - this has been a particularly successful initiative, designed to support white colleagues to further explore their positionality and journey towards anti-racism. Two small groups have attended a series of coaching sessions, 5 in total to help them to grow in confidence and competence.
o Camden Giving - this is a Grantmaker, whose work focusses on progressing opportunities for residents in Camden. Our work has supported the organisation to review its grant making processes. On the back of this work, we have secured more resources to engage young people in Birmingham in a project reviewing their experiences of racism in the city. This same process is also been undertaken in Camden. Further resources have been obtained to extend this project - involving young people as community researchers within their own cities.
o Comic Relief - we have been working with the senior team at Comic Relief to support the organisation to deliver on their anti-racist ambitions. This has included thinking about the grant making function of the organisation as well as relationships between staff members.
o Guys and St Thomas's Foundation - Impact on Urban Health. Impact and Urban Health have a mission to address inequalities within their local area. They sponsor community led initiatives and were keen to understand the balance of power between what is funded and what is needed by the community. Our work has engaged the organisation in understanding their use of power and the relationship they foster with their grantees. This has been an interesting and challenging piece of work - engaging the whole organisation in developmental activities.
## **Other work**
o Sheffield Council - helped the council have conversations about its race strategy. Supported local communities to hear other views and input into directions and goals
o Royal Papworth Hospital Trust -interviewed nurses to understand leadership behaviours in a busy ward. Looked at the experiences of international nurses in particular
o Oxford University Hospital Trust - spoke to staff in intensive care settings to understand departmental culture, induction processes, and how conflict is dealt with.
Page 2
**B:RAP LTD**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
## **Events**
o Robin di Angelo: two seminars for Equality Republic members on white allyship and antiracism o 'Representation: Is this as good as it gets?' a short seminar reflecting on some of the benefits of representation, but also some of its challenges. We argue that representation is not the end, but the beginning of the work we need to do to bring about systemic change
o An interview and discussion with Amal Azzudin, about refugees, immigration, and activism.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03693499 (England and Wales)
## **Registered Charity number**
1115990
## **Registered office**
The Arch Unit F1 48-52 Floodgate Street Birmingham B5 5SL
## **Trustees**
Ms M Connelly I Dehal Ms K Greenbank C J Harris Dr S Hussain A P Jones Ms N Kline Ms M C Tomlinson A S Williams
## **Auditors**
Harrison Beale & Owen Limited Chartered Accountants and Statutory Auditor Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
## **TRUSTEES' RESPONSIBILITY STATEMENT**
The trustees (who are also the directors of B:rap Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 3
**B:RAP LTD**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
## **TRUSTEES' RESPONSIBILITY STATEMENT - continued**
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Harrison Beale & Owen Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 5 December 2024 and signed on its behalf by:
A S Williams - Trustee
Page 4
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF B:RAP LTD**
## **Opinion**
We have audited the financial statements of B:rap Ltd (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 5
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF B:RAP LTD**
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company must comply in the ordinary course of its business.
Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of management's controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.
As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance. By definition, the risk of our detection of non-compliance is greater where compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. The risk is also greater regarding irregularities due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 6
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF B:RAP LTD**
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## Harrison Beale & Owen Limited
Chartered Accountants and Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
5 December 2024
Page 7
## **B:RAP LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
3
Putting 'You' in equality
Putting 'US' into communities
Putting 'WE' in work
Putting 'ME' in voice
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Support Costs
Activites undertaken directly
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**6,498**
**45,375**
**91,685**
**705,881**
**66,350**
**915,789**
**130,906**
**593,197**
**724,103**
**191,686**
**648,256**
**839,942**|Restricted
funds
£
**-**
**-**
**109,850**
**101,450**
**-**
**211,300**
**-**
**197,747**
**197,747**
**13,553**
**1,250**
**14,803**|**2024**
**Total**
**funds**
**£**
**6,498**
**45,375**
**201,535**
**807,331**
**66,350**
**1,127,089**
**130,906**
**790,944**
**921,850**
**205,239**
**649,506**
**854,745**|2023
Total
funds
£
4,910
4,480
27,652
485,665
119,630
642,337
279,700
452,157
731,857
(89,520)
739,026
649,506|
|---|---|---|---|---|
The notes form part of these financial statements
Page 8
## **B:RAP LTD**
## **BALANCE SHEET 31 March 2024**
|Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**ACCRUALS AND DEFERRED INCOME**
14
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**26,466**
**258,119**
**741,636**
**999,755**
**(14,762)**
**984,993**
**1,011,459**
**(171,517)**
**839,942**|Restricted
funds
£
**-**
**-**
**14,803**
**14,803**
**-**
**14,803**
**14,803**
**-**
**14,803**|**2024**
**Total**
**funds**
**£**
**26,466**
**258,119**
**756,439**
**1,014,558**
**(14,762)**
**999,796**
**1,026,262**
**(171,517)**
**854,745**
**839,942**
**14,803**
**854,745**|2023
Total
funds
£
20,871
272,776
693,555
966,331
(25,963)
940,368
961,239
(311,733)
649,506
648,256
1,250
649,506|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
continued...
Page 9
## **B:RAP LTD**
## **BALANCE SHEET - continued 31 March 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5 December 2024 and were signed on its behalf by:
A S Williams - Trustee
The notes form part of these financial statements
Page 10
## **B:RAP LTD**
## **CASH FLOW STATEMENT for the year ended 31 March 2024**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2024**
**£**
**78,797**
**78,797**
**(15,913)**
**(15,913)**
**62,884**
**693,555**
**756,439**|2023
£
(45,967)
(45,967)
(12,687)
(12,687)
(58,654)
752,209
693,555|
|---|---|---|
The notes form part of these financial statements
Page 11
## **B:RAP LTD**
## **NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 2024**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Decrease in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**|**2024**
**£**
**205,239**
**10,318**
**14,657**
**(151,417)**
**78,797**|2023
£
(89,520)
7,471
3,144
32,938
(45,967)|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1.4.23
£|Cash flow
£|**At 31.3.24**
**£**|
|---|---|---|---|
|Cash at bank|**693,555**|**62,884**|**756,439**|
||**693,555**|**62,884**|**756,439**|
|**Total**|**693,555**|**62,884**|**756,439**|
The notes form part of these financial statements
Page 12
**B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 13
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **2. DONATIONS AND LEGACIES**
|Donations
**3.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Putting 'You' in equality
Putting 'You' in equality
Putting 'US' into communities Putting 'US' into communities
Putting 'WE' in work
Putting 'WE' in work
Putting 'ME' in voice
Putting 'ME' in voice
**4.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Support Costs
**26,159**
Activites undertaken directly
**551,620**
**577,779**
**5.**
**SUPPORT COSTS**
Management
£
Support Costs
**-**
Activites undertaken directly
**223,052**
**223,052**
**6.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2024**
**£**
**6,498**
**2024**
**£**
**45,375**
**201,535**
**807,331**
**66,350**
**1,120,591**
Support
costs (see
note 5)
£
**104,747**
**239,324**
**344,071**
Other
£
**104,747**
**16,272**
**121,019**
**2024**
**£**
**10,318**||2023
£
4,910
2023
£
4,480
27,652
485,665
119,630
637,427
Totals
£
**130,906**
**790,944**
**921,850**
Totals
£
**104,747**
**239,324**
**344,071**
2023
£
7,471|
|---|---|---|---|
continued...
Page 14
**B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **8. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration|**2024**
**£**
**483,264**
**45,756**
**28,610**
**557,630**
**2024**
**9**|2023
£
384,686
35,729
22,540
442,955
2023
7|
|---|---|---|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|£60,001 - £70,000
£80,001 - £90,000
£90,001 - £100,000|**2024**
**1**
**-**
**1**
**2**|2023
1
1
-
2|
|---|---|---|
Key management personnel comprise trustees, the Chief Executive Office and the Deputy CEO. Two (2022: two) members of key management personnel were remunerated for their services to the charity. Total costs of key management personnel (including employer pension and national insurance contributions) were £186,323 (2023: £174,005).
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,910
**Charitable activities**
Putting 'You' in equality
4,480
Putting 'US' into communities
44,152
Putting 'WE' in work
485,665
Putting 'ME' in voice
119,630
**Total**
658,837|Restricted
funds
£
-
-
(16,500)
-
-
(16,500)|Total
funds
£
4,910
4,480
27,652
485,665
119,630
642,337|
|---|---|---|
## **EXPENDITURE ON**
continued...
Page 15
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**Charitable activities**
Support Costs
272,130
7,570
Activites undertaken directly
377,383
74,774
**Total**
649,513
82,344
**NET INCOME/(EXPENDITURE)**
9,324
(98,844)
**RECONCILIATION OF FUNDS**
Total funds brought forward
638,932
100,094
**TOTAL FUNDS CARRIED FORWARD**
648,256
1,250
**10.**
**TANGIBLE FIXED ASSETS**
Fixtures
Plant and
and
machinery
fittings
£
£
**COST**
At 1 April 2023
**47,972**
**6,908**
Additions
**15,913**
**-**
At 31 March 2024
**63,885**
**6,908**
**DEPRECIATION**
At 1 April 2023
**28,352**
**5,657**
Charge for year
**9,397**
**921**
At 31 March 2024
**37,749**
**6,578**
**NET BOOK VALUE**
At 31 March 2024
**26,136**
**330**
At 31 March 2023
19,620
1,251|Total
funds
£
279,700
452,157
731,857
(89,520)
739,026
649,506
Totals
£
**54,880**
**15,913**
**70,793**
**34,009**
**10,318**
**44,327**
**26,466**
20,871|
|---|---|
continued...
Page 16
**B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**2024**
**£**
Trade debtors
**225,884**
Other debtors
**5,762**
Prepayments
**26,473**
**258,119**
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Trade creditors
**10,098**
Social security and other taxes
**-**
Other creditors
**4,664**
**14,762**
**13.**
**LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
**2024**
**£**
Within one year
**29,224**
Between one and five years
**42,782**
**72,006**
**14.**
**ACCRUALS AND DEFERRED INCOME**
**2024**
**£**
Accruals and deferred income
**171,517**
**15.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.23
in funds
£
£
**Unrestricted funds**
General fund
**648,256**
**191,686**
**Restricted funds**
Barrow Cadbury Trust
**1,250**
**(1,250)**
Global Fund for Children (The Phoenix
Way)
**-**
**1,203**
The King's Fund - OD Team
**-**
**1,600**
London Borough of Tower Hamlets
**-**
**12,000**
**1,250**
**13,553**
**TOTAL FUNDS**
**649,506**
**205,239**|2023
£
248,933
1,067
22,776
272,776
2023
£
14,788
11,175
-
25,963
2023
£
1,685
-
1,685
2023
£
311,733
At
31.3.24
£
**839,942**
**-**
**1,203**
**1,600**
**12,000**
**14,803**
**854,745**|
|---|---|
continued...
Page 17
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Barrow Cadbury Trust
Global Fund for Children (The Phoenix
Way)
Mersey Care NHS Foundation Trust
Shelter
The King's Fund - OD Team
London Borough of Tower Hamlets
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**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 FUNDS**|Incoming
resources
£
**915,789**
**-**
**25,650**
**70,800**
**29,850**
**5,000**
**80,000**
**211,300**
**1,127,089**
At 1.4.22
£
638,932
16,050
1,221
32,662
13,649
34,164
414
1,934
100,094
739,026||Resources
expended
£
**(724,103)**
**(1,250)**
**(24,447)**
**(70,800)**
**(29,850)**
**(3,400)**
**(68,000)**
**(197,747)**
**(921,850)**
Net
movement
in funds
£
9,324
(16,050)
(1,221)
(31,412)
(13,649)
(34,164)
(414)
(1,934)
(98,844)
(89,520)|Movement
in funds
£
**191,686**
**(1,250)**
**1,203**
**-**
**-**
**1,600**
**12,000**
**13,553**
**205,239**
At
31.3.23
£
648,256
-
-
1,250
-
-
-
-
1,250
649,506|
|---|---|---|---|---|
continued...
Page 18
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**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 FUNDS**|Incoming
resources
£
658,837
-
-
(16,500)
-
-
-
-
(16,500)
642,337|Resources
Movement
expended
in funds
£
£
(649,513)
9,324
(16,050)
(16,050)
(1,221)
(1,221)
(14,912)
(31,412)
(13,649)
(13,649)
(34,164)
(34,164)
(414)
(414)
(1,934)
(1,934)
(82,344)
(98,844)
(731,857)
(89,520)|
|---|---|---|
continued...
Page 19
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**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
Global Fund for Children (The Phoenix
Way)
The King's Fund - OD Team
London Borough of Tower Hamlets
**TOTAL FUNDS**|At 1.4.22
£
638,932
16,050
1,221
32,662
13,649
34,164
414
1,934
-
-
-
100,094
739,026|Net
movement
in funds
£
201,010
(16,050)
(1,221)
(32,662)
(13,649)
(34,164)
(414)
(1,934)
1,203
1,600
12,000
(85,291)
115,719|At
31.3.24
£
839,942
-
-
-
-
-
-
-
1,203
1,600
12,000
14,803
854,745|
|---|---|---|---|
continued...
Page 20
## **B:RAP LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**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
Global Fund for Children (The Phoenix
Way)
Mersey Care NHS Foundation Trust
Shelter
The King's Fund - OD Team
London Borough of Tower Hamlets
**TOTAL FUNDS**|Incoming
resources
£
1,574,626
-
-
(16,500)
-
-
-
-
25,650
70,800
29,850
5,000
80,000
194,800
1,769,426|Resources
expended
£
(1,373,616)
(16,050)
(1,221)
(16,162)
(13,649)
(34,164)
(414)
(1,934)
(24,447)
(70,800)
(29,850)
(3,400)
(68,000)
(280,091)
(1,653,707)|Movement
in funds
£
201,010
(16,050)
(1,221)
(32,662)
(13,649)
(34,164)
(414)
(1,934)
1,203
-
-
1,600
12,000
(85,291)
115,719|
|---|---|---|---|
## **16. EMPLOYEE BENEFIT OBLIGATIONS**
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 £21,994 (2023: £22,540) Contributions totalling £3,603 (2023: £Nil) were payable to the fund at the balance sheet date.
## **17. RELATED PARTY DISCLOSURES**
During the year there were purchases of £2295 (2023: £nil) from Kline Associates Ltd for consultancy services. The director of the company is husband of Trustee N Kline.
Page 21