BIRMINGHAM RETIREMENT COUNCIL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Charity Number: 241670 BIRMINGHAM RETIREMENT COUNCIL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31" MARCH 2025 CONTENTS PAGE Reference and administratiorj Trustees, report Indepetthnt examiner's report Statement of financial activities Balan¢¢ sheet Notes to the tinancial statements 9-15 BIRMINGHAM RETIREMENT COUNCIL REFERENCE AND ADMINISTRATION EXECUTIVE COMiiffrrEE MEMBERS AND TRUSTEES Mrs VivieDne Wilkes Mrs Jill Gorst Sue Anderson Hon. Aldemw) Mrs Margaret Guy ILD.D.L Mrs Pelmy Wagg Mrs Noma Burke Mr Philip Williams Mrs Fion(i Maiihews Councillor Kerry Jenkins PresidenUTrust¢e ChairnianlTrnstee TreasurerlTrustee Vice Chainnanryrustee B'haD] City Council Representative/Trustee Truste¢lResigned 3 1st March 2025 Fircone Representative Fircon¢ Representalive B'ham City Council Representative CHAPLAIN To Be Appointed LINAGEMENT STAFF G Malcolm J Ford Esq Mrs Stephanie Rickett Lee R Harris Esq Executive Manager Administrative Assistant Security Warden REGISTERED OFFICE Norman Leaker C¢ntr¢ 1237 Stratford Road Hall Green Binningham B28 9AA INDEPENDENT EXAMINER Huntington Accountancy Services Ltd Accountants and Financial Advisors 15 Stag Drive Huntington Cannock Staffordshire WS12 4UJ BIRMINGHAM RETIREMENT COUNCIL TRUSTEES, REPORT YEAR ENDED 31" MARCH 2025 The T￿￿teeS of Birnlingham Retirement Council present their report &nd th¢ financial statements for the year ended 3 1st March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Binningharn Retirement Council is constituted under a trnst deed dated I l March 1965 and is a registered Charity under Charity No.241670. The management of the Trust is the responsibility of the trustees who are elected or co-opted undcr thc t¢rn￿ of the trust deed. Organisation Members of the Executive Committee act as trustees. The committe¢ is comprised of honorary ofticeTS and other persons having particular interest and expeiience ielated to the problems of retirement. An Exccutive Manager is appointed by the trustees to manage the day-to4ay operations of th¢ charity. The trustees and managen]¢nt staff are set out on page l. Risk Managemcnt The trustees actively review th¢ major risks which face the cl]arity and in particular those r¢lated to its operations and fmance. The trustees are satisfied that systems are in place to mitigale exposur¢ to major risks. Investment Policy In the absence of any express powcr. the powers of investment are contailled in the Trnstee Act 2000 wbich confers a g¢n¢ral power to invest. FINANCIAL REVIEW Results - The results of the year's operations are set out in the attached fInanci￿ staternents. The net surplus for the year amounts io £1.359.(K) wtth retained reserves at 31 March 2025 amounting to £170.313.00 The CI￿lty'S main sources of income cornes from f¢¢s from Fircone leisure activities £32,749.00 and room lettings £19,890.00. Tight financial control continues to be of paramount importance, with efforts continuing to be exerted in both the control of costs and innovativ¢ means of genernting additional income. Reserves The financial statements show the assets and liabilities by type. Th¢ unrestricted funds amount to £130,907.00 but only £39.406.00 is freely available b¢cause the balance is designated for other purposes. The trnst¢¢s feel that reasonably substantial free reserves are needed because of declining Fircon¢ membership. Accounling and reporting responsibilitie Th¢ trustees are required by law to prepare financial statements for each financial year which give a trne and fair view of th¢ financial activities of the charity and of its financi(Il pusition at the end of tbat year. In preparing those financial statements the trnstees are r¢quired to: select suitable accounting policies and apply them coi]sistently, make judgements and estinmtes that are reasonabl¢ and prudenL state whether applicable accounting standaTds and the Charities SORP have been followed, disclosing and explaining any material departures in the financial statements. prepare the financial statements on the going concern basis unless It is inappropriatc lo presume that the charity will continue in business. The tNstees are responsible for keeping PTopeT accounting records which disclose with rca50llable accuracy at any time the financial position of the charity and enable them to ensure that the fllmncial statcmcnts comply with the Charities Act 2011. They are also rcsponsiblc for safeguarding the assets of the charity and hence for taking r¢asonabl¢ st¢ps for th¢ pr¢v¢ntion and detection of fraud and oiher Èrregularities. OBJECTIVES AND ACTIVITIES Objectives The charity is a public benefit entity alld complies with its duty in section 17(5) of the Chartties Act 2011. Its objects are to advance thc cducation of pcrsons who have attatned the age of 50 years and have retiTed from full rime employment or are approaching retirement. It also aims lo provide or assist tn the provision of facilities for Tecreation or other l¢isure tim¢ occupation for persons who have need ot such facilities by reason of their age or economic background. It does through its Friends in Retirement (Fircone) movement provide education and leisure activities for those people who have reached the age of 50 and are no longer in paid employment. Chaimian's review of activities and tuture devdopments Yearended 31gtMarch 2025 The Bimilngham Retirement Council Is pleased to report another su¢xes8ful forthe Charity including attracting 32 new member5. Early in the year the committee discussed the state of the buildings forwhich theyare responsible. namelythe newer partwhich was completed in the 19908. Acomprehensive listwas drawn up of improvements which are desirable. The upkaep of the older part of the premises is the r￿PonsIbIlIty of Bimiingham City CounciL the owners, and fotlowlng a request for wairs to the roof. a drone was dispatched in Mayto asses3 thewoTk f￿ded. We understsnd that a complete new roof is required butaTe8till awaitlnga decisioh Ori when thatwill be ca￿led OUL In July we were happyto Vleicome two new members to the committea. Alan Long. a m8rnber of the ambling group and Stephanie Rick8ttwho is already heavily involved with the Ch8Tityas an administrative 8SSi$t8nt. In August a 'gardening day was organised . Thls only attraGted a tth members. butthey managed to carry aut a great dealof tidying and clearing ot tha site! Also in Augu8t, the Presidenl Wiviènna Wllkes, expr8SS8d a wish to resign from those dutios. Margaret Guy was 8ppointed to replace her and VNi8nne agreed to act as VJc8- Chairman. Wethank them both fortheir ongoing selv1￿ to the Charity. Durfng Septembar two member8 Df tho committee. Fiona Matthews and Stephanie RicketL voluntarity Carried outthe redecorating necessary in thereception area, the office and the co￿ldOr. Thls brightened things up considerably! In the same month wew8icomed another member on to the committee. Ga￿Or Rhine. who is an acti￿ member of severni groups. Decoratlon and upg￿dIng of all three toilets was carri8d out. At the Annual General Me8ting it was proposed and agreed by vots thatfrom Aprtl 2025 an annual renewalfee of £5 would be introduced. The incomefrorn thi8 wilihdptowards the Costs ofthe improvemenis needed. In October e Line Dance evenlngwas organi8ed which proyed to be very enjoyable and raised £540 for Ch8rityfunds. NOv￿ber was thetim8 for ourWintsT Fayre which rai8ed a further£580. In December there was another Line Dance evening raising £370 and a new venture, a 'socialevent' was held for everyone. Two members of thewoodwind group provided us with first class musicalaccompaniment. During January 2025 th8 planned re(lecoratlon of the baliroorn and kitchen was carried OUL We are delighted with the results.The old curtains have been removed and Marlene Ford. wrfe Df our Executive Manager Malcolm Ford. has offered to make the new curtains required:forthe mlrror. Quotes will be otrtained to rep18ce the blinds. A new website packagewas purchased which will allow up tothree appointed pknpie to make changes sudi as detsiis of ftrtur8 ev8nts. It works welLI It is hoped thatthis wiu attr8Ct more notice. In Merch the Charityann of 'Home Instead. gave a tslk free of charye regardingthe avoidan￿ of scams. Itwas weil attended and rated as a good and informativetalL kn in March the committee received the resignations of two iong-ser¥ing c0mmittae,memb￿E, Norma Burke and Jiii &)rsL They have both been honoured to 8eDK Birmingham Retirement Ciuncil in this capacity. but personal reasons dlctstethatthe ba*on must now b8 passed on. The committee offers iys thank8 to au member8. theirfriend8and familieswho ha¥e voiuntewed in anywayto keep the Birmingham Retirement Councll. :Fircone'. chaiity ative forthe seniorresidents of Birmingham. Thank&also goto the Lord Mayorand th8 Cityfortheir valued and appreciated supporL Chalrman September 2025 BIRMINGHAM RETIREMENT COUNCIL INDEPENDENT EXAMINER'S REPORT YEAR ENDED 315t MARCH 2025 We report to the truslees on my examination of the accounts of the abov¢ charity {"the Trust") for the year ended 31, March 2025 Respoiisibilities As the charity's trustees, you are Te5punsible for the preparation of the accoiints and basis of report in accordance with th¢ r¢quir¢ments of thc Charities Act 2011 ("the Act") as described on Page 3. You consider thal an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed We ffport in resp¢¢t of our examinalion of th¢ Charity's aecounts carricd out under sectionl 45 of the 2011 Act and in canying out our examination. we have followed all the applicable Dire¢lions given by the Charity Commission under section 145{5)(b) of the Act Independent ¢xaminer's stat¢ment We have oompleted our examination. I confirni that no material matters liave come to our attention in Connection with the exa]niiiation which give us cause to believe that in, any material respecL' the accounting re¢ords were not kept in accordance with section 130 of the Chariti¢s Act; or th¢ accounts did not accord with the accounting records; or the accounts did not ¢omply with the applicable requiresnents concerning th¢ form and content of accounts set out in the Charities (Accounts and Reports) Regulatioiis 2008 other thall any requirement that the aLcounts give a "true and fair, view which is not a matter considered as part of an indeptndcnt examination. We have no conccrns aTKI have come across no other matters in connection with th¢ ¢xaminatioii to which attention should be drawn in this report li) order to enable a prop¢r understanding of th¢ accounts to be reached. I, September 2025 Accountants and Financial Advisors 15 Stag Drive Huntington Cannock Staffordshire WS12 4 UJ BIRMINGHAM RETIREMENT COUNCIL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31" MARCH 2025 Unrestricted Funds Total 2025 Tolal 2024 Note INCOMING RESOURCES From generated funds From ¢haritable activities From Other resources 22.700 32,749 5.128 22,700 32,749 5,128 21,075 33,980 4, 732 Total incoming resources 60,577 60,577 59, 787 RESOURCES EXPENDED Cosl of generated funds Chatitable activilies Governance costs 25,776 27,716 5,726 25,776 27,716 5,726 22,401 24,061 4,973 Total ￿sOurCeS expended Net movement in funds lJ59 lJ59 8,352 Balances b/f as at I" April 2024 168.954 168,954 100,602 Balances Glf as at 31 March 2025 170,313 170,313 168,954 All transactions are derived from Continuing activities All recognised gains and losses are included in the Statement of Financial Activities TILe notes on pages 9 to 15 forni part of thes¢ fmancial statements. BIRMINGHAM RETIREMENT COUNCIL BALANCE SHEET YEAR ENDED 31" MARCH 2025 2025 2025 2024 2024 Note FIXED ASSETS Tangible &8sets 130,907 136.572 CURRENT ASSETS Debtors Cash at bank and in l]and 5,128 38.618 4, 732 31.673 43,746 36,405 CREDITORS Amounts falling due within one year 10 4.340 4,023 NET CURRENT ASSETS 39,406 32,382 NET ASSETS 170,313 168,954 FUNDS General funds Designated funds 39,406 130,907 32, 382 136,572 TOTAL FUNDS 170,313 168, 954 The notes on pages 9 to 15 forn] part of th¢5e f￿ancIal statements. Approved by tbe trustees on 18 September 2025 and signed on their behalf by: J Gorst S Allderson S