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2022-03-31-accounts

Registered number: 01880755 Charity number: 291214

ELFRIDA RATHBONE CAMDEN

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE

YEAR ENDED 31 MARCH 2022

ELFRIDA RATHBONE CAMDEN (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 10
Independent auditor's report 11 - 13
Statement of financial activities 14
Balance sheet 15
Statement of Cash flows 16
Notes to the financial statements 17 - 26

ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Hazel Saunders (Chair)
Sade Alade
Angela Bell (resigned 13 September 2022)
Debbie Ladds (resigned 4 May 2022)
Alastair Neil McDonald
Elizabeth Streeter (resigned 4 May 2022)
Kate Lauren Fairhurst (resigned 4 May 2022)
Mei-Yee Man Oram (appointed 4 May 2022)
Alan David Ward (Treasurer)
George David Jackson
Fabian Frederik Van Essen (appointed 6 May 2021)
Company registered number 01880755
Charity registered number 291214
Registered office 7 Dowdney Close
Bartholomew Road
London
NW5 2BP
Company secretary Alexis Keir (resigned 4 February 2022)
Chris McAuley (appointed 4 February 2022 and resigned 13 September 2022)
Nicole Francis (appointed 13 September 2022)
Chief executive officer Alexis Keir until February 2022 / Chris McAuley and
Samantha Childs from February 2022
Independent auditor Goldwins Limited
75 Maygrove Road
West Hampstead
London
NW6 2EG
Bankers HSBC Plc
London
NW5 2BS
CAF Bank Ltd
PO Box 289
West Malling
ME19 4TA

Page 1

ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are the Directors of the Charity for the purposes of the Companies Act, and Trustees for charity law purposes, submit their annual report and the financial statements of Elfrida Rathbone (Camden) for the year ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'. The company also trades under the names the “Leighton College”.

Structure, governance and management

The company is registered as a charitable company limited by guarantee.

The Trustees form the Management Committee which consists of not less than five or more than 17 trustees. At each Annual General Meeting, one-third of the Trustees must retire but are eligible for re-election. The Management Committee, led by the chairperson together with a vice-chair and treasurer, governs the organisation.

The trustees are responsible for the governance of the organisation and delegate the day-to-day management of the organisation to the Director / Company Secretary. The director works with the team of project managers to ensure that the Charity develops and delivers quality services for our beneficiaries. Alexis Keir has been Director of Elfrida Rathbone Camden (ERC) since June 2007. He stood down in February 2022. Chris McAuley and Samantha Childs were appointed interim Chief Executives of the Charity from February 2022.

The management team of ERC comprises:

Alexis Keir Director until February 2022 Samantha Childs Education and Participation Manager/Interim Chief Executive Paul Dunn Family Services and Safeguarding Manager Chris McAuley Finance and Central Services Manager/Interim Chief Executive

Trustees are recruited through advertising in community and voluntary sector resources and direct links with local service users and networks. Currently, the Board has 10 trustees with a diverse range of backgrounds including social care and family support, accountancy, law, local government, supplementary and further education, community development, services for disabled people and the retail sector.

Potential new trustees are encouraged to meet with the Director to discuss the activities and operations of the charity and to find out about the current challenges and opportunities facing ERC. They are also invited to observe a management committee meeting before their application is accepted and confirmed. There is no entitlement for any other external person or organisation to appoint trustees.

Ensuring our work delivers our aims

Each year the management team and trustees review our projects and services and update the strategic objectives of ERC in line with our aims and values. Joint planning exercises enable trustees, managers and staff to consider how planned activities will contribute to the aims and objectives they have set.

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Meeting Our Goals - Activities and Services

Elfrida Rathbone Camden (ERC) works to achieve independence, empowerment and personal development for disabled people, children and young people, parents and families

ERC has been making a difference for children, young people and adults in London for more than 30 years, helping them achieve their potential and aspirations.

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ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Our Goals

ERC has a strong track record of delivering positive outcomes for some of the most vulnerable young people and their families in our society. We do this through 5 varied projects.

Our current services are

  1. The Leighton College is a person-centred three-year further education facility for 16-25-year-olds with mild to moderate learning disabilities.

  2. Our Families Together Service works with families who have multiple and complex needs to improve family relationships and wellbeing, supporting them both individually and in a larger community setting. Building their support network and advocating for each individual family’s needs.

  3. Our Creative Therapies worker uses arts techniques to directly address Adverse Childhood Experiences and past trauma for young people and parents who require emotional and/or mental health support.

  4. Our Community Champions project supports residents and volunteers to lead and deliver activities that improve the health and wellbeing of residents in the Kentish Town area of Camden.

  5. Our Young People for Inclusion project works with young disabled people to empower them to influence the quality of services provided and support them to access employment.

Over the financial year April 2021 to March 2022, 173 individuals received support from an Elfrida Rathbone Camden service. ERC services deliver support using a holistic, whole family approach; therefore, each referral would have also resulted in support for parents and siblings if the referred person were a child and if they were a parent, we would also have worked to achieve positive outcomes for their dependent children. That means that we can conservatively estimate that there were at least 500 beneficiaries of ERC services during this financial year.

ERC uses the Charitylog online database to record outcomes for service users.

A key feature of this academic year – the second under the COVID based restrictions was ensuring on going delivery to our learners whilst also keeping them safe. We had been contacted in late March 2020 by OFSTED and told to expect an inspection the following week. This inspection was the put on hold but obviously through the 21/22 period we had to continue to be prepared for an inspection. In the end the inspection took place in June 2022.

The Government made it clear that education providers should stay open for vulnerable children. The ERC Board and managers are immensely proud of what our staff did to make a positive difference for the vulnerable and marginalised families and young people who we work with.

Work with young disabled people - Leighton College

Leighton College is a further education provision for young people aged 16 - 25 with mild to moderate learning disabilities. The college supports young people to prepare for adulthood by teaching them skills for independent living and employment. Core subjects are Personal Development, Employability, Numeracy and Literacy.

The college curriculum includes lessons in Art, Drama, Cookery, and Health and Wellbeing which develop students’ independence, expressive communication skills and healthy living. Students take part in community learning activities such as visits to local amenities, resources, museums, events and parks – all of these activities enhance students’ travel skills. The work experience programme, led by the Employment Advisor, offers students across all years the opportunity to work in a variety of fields such as retail, child-care, catering and fitness. Work

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ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

placements are negotiated with a range of local organisations including John Lewis Oxford Street, Arup, Kentish Town City Farm and the Greenwood Centre (Camden Centre for Independent Living).

Students who completed their programme in July 2021 still had quite a bit of disruption to their learning due to the ongoing pandemic and subsequent restrictions. However, Leighton College has always had a very special rapport with their students, teaching and support staff were able to continue delivering learning opportunities using different communication methods. Students demonstrated incredible resilience considering their learning characteristics and adapted quickly. This approach was highly successful, 35 qualifications were achieved by 17 learners with an average of 2 qualifications per student. 100% of students set to gain a qualification did so.

Families Together – Continues to provide support to local families through the HS2 project and through funding awarded by John Lyons and then the charity of Sir Richard Whittington we undertook a number of activities with the families we work with to help reduce some of the challenges they were facing. The Covid-19 epidemic and subsequent lockdowns exacerbated many of the challenges faced and we focused on providing personalized support for local families.

Much of our face-to-face communication with families was severely disrupted due to the pandemic but our Family workers made visits to doorsteps at a safe distance to check on the wellbeing of parents and their children or met families in outdoor venues such as parks.

HS2 Family Support Project

This project provided support to residents affected by the construction and subsequent disruptions caused by the redevelopment of the area. Work with local families involved those listed below.

This project finished in January 2022.

Creative Therapies for parents and young people with learning disabilities

The Creative Therapies project addressed the needs of service users at three levels:

Creative interventions encouraged students to express, communicate and regulate emotions, recognise and celebrate strengths, promote resilience and engage in teamwork. Different art materials were used to explore and express a variety of themes and feelings, materials explored included: painting, puppet making, collage and clay making.

College staff noted an improvement in communication skills and relationship building within the college.

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ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Within My Reach Parenting Programme

The Tavistock Centre for Couple Relationships was awarded further funding form the DWP to continue the parenting project until March 2022. ERC trained our Creative Therapist to support the programme delivery.

Kentish Town Community Champions Project

This project funded by Public Health Camden and Islington aims to develop activity which promotes health and wellbeing. This project is volunteer-led, the volunteers (Community Champions) will shape all the work we do and decide how time and money is spent for their own community. Elfrida Rathbone Camden is the host organisation leading the Kentish Town area.

The project will support individuals, families, and groups as well as many other residents. It is specifically aimed at engaging with the local community on the Torriano, Peckwater and Oseney Crescent estates and Kenbrook House in Kentish Town, as well as with the wider Camden community.

Further information is available on the website, but activities include well-being walks, coffee mornings, healthy cooking projects www.communitychampionscamden.co.uk

YPFI project - funded by City Bridge Trust

Young People for Inclusion (YPfI) is a five-year funded project for disabled young people aged 16-25. The project is to be led in partnership with disabled young people and will be focused on personal development through creating change in the community.

The project will support a group of young disabled people to acquire the necessary skills and knowledge to apply their lived experience of disability in order to go out into the community and enable local services and businesses to adapt and become more accessible to disabled people.

The project is open to young people aged 16-25 in Camden, and surrounding boroughs who identify as disabled.

The project is currently seeking interested local community organisations and disabled peoples’ organisations who may benefit from the project; as well as seeking young people to be involved.

After the project co-ordinator was recruited and started on 1[st] December 2021. The first 3+ months of the project coordinator's tenure was primarily focussed on networking amongst other organisations and agencies in order to organise: 1) access to young people through community and youth services (I.e. Camden Council); 2) the building a network of organisations that could support the delivery of and facilitation of skills workshops for YPFI (eg Let Me Know – relationships; Arup - accessibility and disability audits; and Exposure - media and digital skills training; and 3) establishing partners and services who would benefit from the project via the receipt of training or intervention from our young people by their delivery of forms of disability awareness training.

Further to this initial networking and recruitment phase, (which remains ongoing), the project established the beginnings of a twice-monthly youth group in early March in order to form the beginnings of a tangible locality which young people could be encouraged to join. In order to entrench a consistency with the young people attending, the group became weekly in late April, enabling a more consistent development and nurturing of the core aims of the project.

Referral, funding and delivery partners for ERC Family Support activities include:

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ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Learning and Training

ERC staff continue to access a range of statutory and voluntary sector training opportunities. We continue to be grateful for the opportunities offered and shared by voluntary and statutory sector partners including London Borough of Camden, Voluntary Action Camden, Tavistock Centre for Couple Relationships, and Locality.

Funding and sustainability

The COVID pandemic and ongoing restrictions continued to impact on our learner numbers and our wider ability to undertake business development and service expansion.

The restrictions on our income generation meant that funding bids were delayed, and the lack of continuity has led to the loss of several experienced staff. COVID-19 has impacted upon our income because we lost two students for this academic year. We hope in 2022 with a return to undisrupted education that we are able to maintain target student numbers. One of our income streams is renting out our rooms to external organisations. This income dropped significantly during COVID but is now gradually returning to previous levels.

We have continued to incur significant additional costs for our education delivery encompassing higher room and cleaning costs, PPE, staff costs to manage smaller group sizes and to carry out rapid testing and the purchase of laptops etc to enable young people to access remote teaching. We have also had higher than normal recruitment costs as a result of the need to ensure that vacancies were quickly filled when the staff group was working in such a disrupted way.

ERC has however maintained a diverse range of service delivery and funding sources. Our major funding partners during this financial year were the Camden Giving, Education and Skills Funding Agency, the London Borough of Camden, the individual local authorities who fund places for students on the Leighton Education project, the ExPat Foundation, the Department of Work and Pensions, HS2, John Lyons, Charity of Sir Richard Whittington, City Bridge and Camden and Islington Health Authority.

Partnership work remains a central part of our approach to funding sustainability, and we have continued to work with Citizens Advice Camden and the Tavistock Centre for Couple Relationship to develop and deliver our services for parents and families.

Reserves Policy

The Trustees have maintained a policy whereby the unrestricted funds not committed (the "free reserves”) held by the company should be approximately 25% of the annual costs, which equates to approximately £154,785. The current level of free reserves is £152,825. This includes designated reserves for Fixed Assets, Premises Refurbishment and Project Contingency costs. The Fixed Asset Fund represents the net book value of fixed assets included in the unrestricted fund.

Trustees have reviewed operations and our current liabilities and still feel that this level is sufficient to allow for contingency and for equipment replacement.

Risk Management

The Trustees undertake an annual risk review, looking at those risks related to operations and finances. The Trustees are confident that sufficient measures including a monitoring and feedback structure implemented by the Director and management team have been put in place to minimise any significant risks. Trustees will continue to monitor the situation.

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ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Plans for future periods

Trustees and the management team working together have identified several key activities to address the sustainability and future service delivery of ERC from 2018- 2022. Priorities and targets remain:

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company and charity law applicable to charities in England and Wales 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 Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Trustees have selected suitable accounting policies and applied them consistently, made judgements and estimates that are reasonable and prudent, stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).

The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

We, the directors of the company who held office at the date of approval of these Financial Statements as set out on page 1 each confirm, so far as we are aware, that:

Small company special provisions

The report of the Trustees has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

5 December 2022 This report was approved by the Trustees on …[ ........................................... ] and signed on its behalf by:

…………………

…………………….. Alan David Ward (Treasurer)

Hazel Saunders (Chair)

Page 7

ELFRIDA RATHBONE CAMDEN (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDA RATHBONE CAMDEN FOR THE YEAR ENDED 31 MARCH 2022

Opinion

We have audited the financial statements of Elfrida Rathbone (Camden) (the ‘Charity’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 charity'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 directors 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 auditorʼs report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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ELFRIDA RATHBONE CAMDEN

(A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDA RATHBONE CAMDEN FOR THE YEAR ENDED 31 MARCH 2022

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trusteesʼ responsibilities statement, the trustees 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 they 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 Charityʼs 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 Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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 an auditorʼs report 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditorʼs report.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Page 9

ELFRIDA RATHBONE CAMDEN

(A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDA RATHBONE CAMDEN FOR THE YEAR ENDED 31 MARCH 2022

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

This report is made solely to the Charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charityʼs members those matters we are required to state to them in an auditorʼs 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 Charity and the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

7 December 2022

Goldwins Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 10

ELFRIDA RATHBONE CAMDEN STATEMENT OF FINANCIAL ACTIVITIES

(incorporating an income and expenditure account)

For the year ended 31 March 2022

Note
Income from:
Donations and legacies
3
Charitable activities:
4
Family Services and Advocacy
Leighton Project
Other income
Investment income
5
Total income
Expenditure on:
Raising funds
Charitable activities:
Family Services and Advocacy
Leighton Project
Centre
Total expenditure
6
Transfers between funds
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) before transfers
Net income / (expenditure) for the year		 Unrestricted
funds
£
1,818
32,585
395,996
2,781
44
433,224
7,907
53,467
397,257
-
458,631
(25,407)
-
(25,407)
178,232
152,825		 Restricted
funds
£
-
222,065
850
-
-
222,915
-
152,429
6,918
1,163
160,510
62,405
-
62,405
53,980
116,385		 2022
Total
funds
£
1,818
254,650
396,846
2,781
44
656,139
7,907
205,896
404,175
1,163
619,141
36,998
-
36,998
232,212
269,210		 2021
Total
funds
£
395
250,506
433,936
24,747
162
709,746
9,241
294,539
452,020
821
756,621
(46,875)
-
(46,875)
279,087
232,212

All of the above results are derived from continuing activities.

There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

Page 14

ELFRIDA RATHBONE CAMDEN BALANCE SHEET As at 31 March 2022

Note
Fixed assets:
10
Current assets:
11
Liabilities:
12
15
Total unrestricted funds
Funds
General funds
Total funds
Unrestricted funds:
Designated funds
Restricted funds
Tangible assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total net assets		 2022
£
70,367
289,615		 2022
£
3,312
3,312
265,898
269,210
116,385
152,825
269,210		 2021
£
52,779
301,125		 2021
£
4,968
4,968
227,244
359,982
(94,084)		 353,904
(126,660)
46,125
106,700		 46,125
132,107
232,212
53,980
178,232
232,212

5 December 2022 Approved by the trustees on …........................... and signed on their behalf by:

Hazel Saunders, Chair

Alan David Ward, Treasurer

Company registration number: 01880755

The attached notes form part of the financial statements.

Page 15

ELFRIDA RATHBONE CAMDEN STATEMENT OF CASH FLOWS For the year ended 31 March 2022

Note
Cash flows from operating activities:
Net cash provided by / (used in) operating activities
16
Cash flows from investing activities:
Sale/ (purchase) of fixed assets
Cash provided by / (used in) investing activities
Cash flows from financing activities:
Cash inflows from new borrowing
Cash provided by / (used in) financing activities
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
17
Change in cash and cash equivalents due to exchange
rate movements		 2022
£
-		 2022
£
(11,510)
-
-		 2021
£
(6,624)		 2021
£
(35,329)
(6,624)
-
- -
(11,510)
301,125
-		 (41,953)
343,078
-
289,615 301,125

Page 16

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

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ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

1 Accounting policies (continued)

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 6.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £2,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 25% Computer equipment 33%

k) Debtors

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

l) Cash at bank and in hand

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

o) Pensions

The Charity operates a Defined Contributions pension scheme.

Page 18

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

2
Detailed comparatives for the statement of financial
Income from:
Donations
Charitable activities:
Family Services and Advocacy
Leighton Project
Other income - Centre
Investments
Total income
Expenditure on:
Raising funds
Charitable activities:
Family Services and Advocacy
Leighton Project
Centre
Total expenditure
Net income / expenditure before transfers
Transfers between funds
Net income / expenditure
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
£
Donations
1,818
1,818
Unrestricted		 activities
2021
£
395
36,457
416,776
24,747
162
478,537
9,241
63,163
432,393
-
504,797
(26,260)
-
(26,260)
204,492
178,232
£
-
-
Restricted
Unrestricted		 2021
£
-
214,049
17,160
-
-
231,209
-
231,376
19,627
821
251,824
(20,615)
-
(20,615)
74,595
53,980
2022
Total
£
1,818
1,818
Restricted		 2021
Total
£
395
250,506
433,936
24,747
162
709,746
9,241
294,539
452,020
821
756,621
(46,875)
-
(46,875)
279,087
232,212
2021
Total
£
395
395

Page 19

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

4 Income from charitable activities

Unrestricted
Family Services and Advocacy
£
Big Lottery- Reaching Communities
-
Grants for families
-
The Expat Foundation
-
Camden Giving
-
John Lyon's Charity
-
The City Bridge Trust
-
The Fitzdale Trust
-
Charity of Sir Richard Whittington
-
London Borough of Camden
8,206
Other income
24,379
Total
32,585
Leighton Project
Education and Skills Funding Agency
239,143
Other income
156,853
Total
395,996
Centre
Other income
2,781
Total
2,781
Total income from charitable activitie
431,362
5
Income from investments
Unrestricted
£
Bank interest
44
44		 £
-
-
49,599
27,135
26,250
15,733
2,800
20,000
78,000
2,548
222,065
850
850
-
-
222,915
£
-
-
Restricted
Restricted		 2022
Total
£
-
-
49,599
27,135
26,250
15,733
2,800
20,000
86,206
26,927
254,650
239,143
157,703
396,846
2,781
2,781
654,277
2022
Total
£
44
44		 2021
Total
£
85,243
1,500
29,664
32,562
-
-
-
-
63,750
37,787
250,506
229,195
204,741
433,936
24,747
24,747
709,189
2021
Total
£
162
162

Page 20

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

6 Analysis of expenditure

Basis of
allocation
Staff costs
Direct
Family Services and Advocacy Direct
Leighton Project
Direct
Support costs
Staff time
Staff costs
Premises costs
Office costs
Governance costs
Total expenditure 2022
Total expenditure 2021		 £
-
-
-
7,907
Cost of
raising
funds		 Charitable activities Charitable activities 2022
Total
£
358,940
29,705
69,890
93,536
37,275
24,295
5,500
619,141
-		 2021
Total
£
440,654
44,124
85,094
113,500
36,973
30,776
5,500
Family Services
and Advocacy
£
123,607
29,705
-
29,488
12,836
8,366
1,894
205,896
294,539		 Leighton
Project
£
235,333
-
69,890
56,141
24,439
15,929
3,606
405,338
452,841
7,907 756,621
9,241 756,621

Of the total expenditure, £458,631 (2021: £504,797) was unrestricted and £160,510 (2021: £251,824) was restricted.

Support costs are allocated based on the projected time spent by the employees on various charitable activities.

Page 21

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

7 Net income / (expenditure) for the year

This is stated after charging / (crediting): 2022 2021
£ £
Operating lease rentals:
Property 43,098 43,098
Depreciation 1,656 1,656
Auditor's remuneration:
Audit fees 4,583 4,583

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other staff costs		 2022
£
411,174
30,005
11,297
-		 2021
£
502,931
36,963
14,260
-
452,476 554,154

No employee received employee benefits (excluding employer pension) exceeding £60,000 during the year (2021: No employee).

The total employee benefits including pension contributions of the key management personnel were £52,711 (2021: £60,605).

None of the trustees received any remuneration and reimbursement for any expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Charitable activities
Support		 2022
£
18
3		 2021
£
21
3
21 24

9 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

Page 22

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

10 Tangible fixed assets
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 £
44,421
Fixtures and
fittings		 £
14,458
-

Computer
equipment		 Total
£
58,879
-
44,421 14,458 58,879
39,453
1,656		 14,458
-		 53,911
1,656
41,109 14,458 55,567
3,312 - 3,312
4,968 - 4,968

All of the above assets are used for charitable purposes.

11 Debtors
Trade debtors
Other debtors
Prepayments
Accrued income
12 Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income
Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2022
£
16,242
-
21,217
32,908		 2021
£
4,857
667
20,245
27,010
70,367 52,779
2022
£
22,304
9,332
2,408
7,106
52,934		 2021
£
6,657
12,238
6,432
12,173
89,160
94,084 126,660
2022
£
89,160
(89,160)
52,934		 2021
£
99,305
(99,305)
89,160
52,934 89,160

Deferred income includes funds receieved in advance for Family services and Advocacy.

13 Pension scheme

The Charity operates a defined Contributions pension scheme.

Page 23

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

14 Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds 2021
Tangible fixed assets
Net current assets
Net assets at the end of the year
15 Movements in funds
£
Restricted funds:
Family services and Advocacy:
Big Lottery- Reaching Communities
-
The Expat Foundation
20,971
The Fitzdale Trust
22
Grants for families
856
Camden Giving
748
London Borough of Camden
15,248
London Borough of Camden CIL
-
Young Camden Foundation
-
John Lyons
-
City Bridge Trust
-
Charity of Sir Richard Whittington
-
Leighton Project
14,972
Centre
1,163
Total restricted funds
53,980
Unrestricted funds:
Designated funds:
Project contingency fund
26,125
Premises refubishment fund
20,000
Total designated funds
46,125
General funds
132,107
Total unrestricted funds
178,232
Total funds
232,212
At 1 April
2021		 Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds 2021
Tangible fixed assets
Net current assets
Net assets at the end of the year
15 Movements in funds
£
Restricted funds:
Family services and Advocacy:
Big Lottery- Reaching Communities
-
The Expat Foundation
20,971
The Fitzdale Trust
22
Grants for families
856
Camden Giving
748
London Borough of Camden
15,248
London Borough of Camden CIL
-
Young Camden Foundation
-
John Lyons
-
City Bridge Trust
-
Charity of Sir Richard Whittington
-
Leighton Project
14,972
Centre
1,163
Total restricted funds
53,980
Unrestricted funds:
Designated funds:
Project contingency fund
26,125
Premises refubishment fund
20,000
Total designated funds
46,125
General funds
132,107
Total unrestricted funds
178,232
Total funds
232,212
At 1 April
2021		 Unrestricted
£
3,312
103,388		 Designated
£
-
46,125		 Restricted
£
-
116,385		 Total funds
£
3,312
265,898
106,700 46,125 116,385 269,210
Unrestricted
£
4,968
127,139		 Designated
£
-
46,125		 Restricted
£
-
53,980		 Total funds
£
4,968
227,244
132,107 46,125 53,980 232,212
£
-
49,599
2,800
-
27,135
50,000
28,000
2,548
26,250
15,733
20,000
850
-

Income		 £
-
(26,151)
(115)
-
(26,009)
(46,070)
-
(1,837)
(16,691)
(15,556)
(20,000)
(6,918)
(1,163)
Expenditure		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
-
44,419
2,707
856
1,874
19,178
28,000
711
9,559
177
-
8,904
-
At 31 Mar
2022
53,980 222,915 (160,510) - 116,385
26,125
20,000		 -
-		 -
-		 -
-		 26,125
20,000
46,125
132,107		 -
433,224		 -
(458,631)		 -
-		 46,125
106,700
178,232 433,224 (458,631) - 152,825
232,212 656,139 (619,141) - 269,210

Page 24

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

Movements in funds 2021

Movements in funds 2021
Restricted funds:
Family services and Advocacy:
Big Lottery- Reaching Communities
The Expat Foundation
The Fitzdale Trust
Grants for families
Fundraising for families
Camden Giving
London Borough of Camden
Charity of Sir Richard Whittingdon
Leighton Project
Centre
Total restricted funds
Unrestricted funds:
Designated funds:
Project contingency fund
Premises refubishment fund
Total designated funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2020
£
46,487
1,642
3,262
250
-
1,031
2,500
-
17,439
1,984
Income
£
85,243
29,664
-
2,830
-
32,562
63,750
20,000
17,160
-		 Expenditure
£
(131,730)
(10,335)
(3,240)
(2,224)
-
(32,845)
(51,002)
(19,627)
(821)		 Transfers
£
-
-
-
-
-
-
-
-
-		 At 31 Mar
2021
£
-
20,971
22
856
-
748
15,248
14,972
1,163
74,595 251,209 (251,824) - 53,980
26,125
20,000		 -
-		 -
-		 -
-		 26,125
20,000
46,125
158,367		 -
478,537		 -
(504,797)		 -
-		 46,125
132,107
204,492 478,537 (504,797) - 178,232
279,087 729,746 (756,621) - 232,212

Purposes of restricted funds

Family Services and Advocacy – ERC works in partnership with statutory services to help vulnerable children and their families through casework and practical advice and help given in home, school or community settings. Families Together is funded by the Big Lottery. ERC is the lead agency working in partnership with Citizens Advice Camden to support families with multiple and complex problems.

Creative Therapies – funded by the Ex Pat Foundation: 1:1 and group creative therapy interventions for Families Together parents and young people with a learning disability.

HS2 Family Support Project: a service offering support to families in Camden with multiple needs with children aged 0-18 years old, and who are affected by the HS2 project (construction of the high speed railway) which is funded by Camden Giving.

Building Relationships for Stronger Families funded by the Department of Work and Pensions – delivery of parenting programmes in partnership with the Tavistock Centre for Couple Relationships.

Young Disabled People – ERC runs the Leighton College for young people with learning disabilities aged 16–25 whose places are funded by local authorities and the Education and Skills Funding Agency.

Page 25

ELFRIDA RATHBONE CAMDEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022

Purposes of designated funds

The Trustees have designated £26,125 as a provision against projects closing, as funding changes. This includes provision for redundancies.

The Premises refurbishment fund is a provision for any major works the landlords undertake in the premises, which would be allocated to the tenants through their service charge.

16 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)
Depreciation
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating activities		 2022
£
36,998
1,656
(17,588)
(32,576)		 2021
£
(46,875)
1,656
9,032
858
(11,510) (35,329)

17 Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents
Total cash and cash equivalents 2021		 £
301,125
At 1 April
2021		 Cash flows
£
(11,510)
 £
-
Other
changes		 £
289,615

At 31 March
2022
301,125 (11,510) - 289,615
343,078 (41,953) - 301,125

18 Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Less than 1 year
1 - 5 years		 Property
2022
£
43,098
-		 2021
£
43,098
-
43,098 43,098

19 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

20 Related party transactions

There were no related party transactions during the year (2021: none).

Page 26