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2021-03-31-accounts

Chief Executive: Chief Executive: Chris Bates BA, MA
Director of Finance and Administration: Sally Vernon
BA, FCA (resigned 19.02.21)
Vaani Nirantharakumar BSc, ACMA (appointed 11.01.21)
Company Secretary: Sally Vernon
BA, FCA (resigned 19.02.21)
Vaani Nirantharakumar BSc, ACMA (appointed 22.02.21)
Auditors: Haines Watts Birmingham LLP
5-6 Greenfield
Crescent
Edgbaston
Birmingham
B153BE
Bankers: Unity Trust Bank pic
9 Brindley Place
4 Oozells Square
Birmingham,
B1 2HE
Aldermore
Bank pic
1st Floor, Block B, Western House
Lynch Wood
Peterborough,
PE2 6FZ
Website: www. rathbone. co.uk
Structure, Governance and Management

Unrestricted Restricted
Funds Funds Total Total
Notes 2021 2021 2021 2020
E E E E
Income:
Donations
and legacies		 810 810 44,598
Charitable
Activities:
Housing
and Supported		 Living 4 1,833,424 1,833,424 1,799,937
Training
and Education
Grant for Crisis Support 102,709 102,709 102,516
Investment
income		 5,797 5,797 14,287
Other 17,461 17,461 4,521
Total Income 1,840,031 120,170 1,960,201 1,965,859
Expenditure
on:
Raising Funds
Charitable
Activities:
Housing
and Supported		 Living 1,646,158 1,646,158 1,675,068
Crisis Support 91,535 91,535 101,279
Other grant 17,461 17,461
Total Expenditure 6 1,646,158 108,996 1,755,154 1,776,347
Net gains/losses
on Investments
Net income/(expenditure) 193,873 11,174 205,047 189,512
Transfers
between
funds
Net Movement
in Funds		 193,873 11,174 205,047 189,512
Reconciliation
offunds:
Total Funds Brought Forward 2,264,715 44,943 2,309,658 2,120,146
TOTAL FUNDS CARRIED FORWARD 2,458,588 56,117 2,514,705 2,309,658

BALANCE SHEET AS AT BALANCE SHEET AS AT 31 MARCH 2021
Notes 2021 2020
E f.
Fixed assets:
Tangible assets 11 716,973 758,611
Investments 12 4 4
Total Fixed Assets 716,977 758,615
Current assets:
Debtors 13 181,819 236,962
Cash at bank and in hand 1,735,597 1,432,871
Total Current Assets 1,917,416 1,669,833
Creditors:
amounts		 falling due within one year 14 (119,687) (118,790)
Net current assets 1,797,729 1,551,043
Total assets less current liabilities 2,514,705 2,309,658
Creditors:
amounts		 falling due after more
than one year
Net Assets 21 2,514,705 2,309,658
Charity Funds:
Unrestricted
Funds		 21 2,458,588 2,264,715
Restricted
Income Funds		 21 56,117 44,943
2,514,705 2,309,658

Notes 2021 2020
E
Cash flows from operating activities:
Net cash provided
by (used in) operating		 activities 23 303,444 152,170
Cash flows from investing activities:
Dividends,
interest
and rents from investments		 5,797 14,287
Proceeds from the sale of property,
plant and equipment
Purchase of property,
plant and equipment		 (6,515) (376,086)
Net cash provided
by (used in) investing		 activities (718) (361,799)
Cash flows from financing activities:
Change in cash and cash equivalents
in the year
Cash and cash equivalents at 1 April 1,432,871 1,642,500
Cash and cash equivalents at 31March 1,735,597 1,432,871
Cash and cash equivalents consists of
Cash at Bank and in Hand at 31 March 1,735,597 1,432,871

Unrestricted Restricted Total
Funds Funds
Notes
2020 2020 2020
E E E
Income:
Donations
and legacies		 44,598 44,598
Charitable
Activities:
Housing
and Supported		 Living 1,799,937 1,799,937
Training
and Education
Grant for Crisis Support 102,516 102,516
Investment
income		 14,287 14,287
Other 4,521 4,521
Total Income 1,863,343 102,516 1,965,859
Expenditure
on:
Charitable
Activities:
Housing
and Supported		 Living 1,673,378 1,690 1,675,068
Crisis Support 101,279 101,279
Total Expenditure 1,673,378 102,969 1,776,347
Net income/(expenditure) 189,965 (453) 189,512
Transfers
between
funds
Net Movement
in Funds		 189,965 (453) 189,512
Reconciliation
offunds:
Total Funds Brought Forward 45,397 2,120,146
TOTAL FUNDS CARRIED FORWARD 44,944 2,309,658

3. Donations 2021 2020
E E
Unrestricted Donations 810 44,598
There were no donations from Trustees during the year (2020 ENil).
4. Income from charitable activities
2021 2020
E E
Unrestricted Income:
Housing and Supported Living:
B'ham City Council Supporting People 731,433 747,928
Income from Housing 563,657 545,864
Sandwell
MBC/City of Birmingham		 489,894 457,319
Social Care and Health
Birmingham City Council ESFfunded PURE project 48,435 48,826
Other income 5
1,833,424 1,799,937
Restricted Income:
Rebuild
My Life Crisis Support		 funded by the Community Fund 102,709 102,516
Other income 17,461
120,170 102,516
5. Investment Income 2021 2020
E, f.
Bank Interest 5,797 14,287

6. Expenditure 6. Expenditure on Charitable on Charitable Activities
Direct Other Allocated Total Total
Staff Direct Support
Costs Costs Costs
2021 2021 2021 2021 2020
E E E E E
Charitable Activities:
Housing and Supported Living 985,268 470,010 190,879 1,646,158 1,675,068
Rebuild My Life Crisis Support 72,047 12,497 6,992 91,535 101,279
Other Grants 16,121 1,340 17,461
Total Resources Expended 1,073,436 483,847 197,871 1,755,154 1,776,347
7. Support Costs 2021 2020
E E
Staff Costs (management, finance, IT, personnel, quality 161,268 136,043
and administration)
Head Office Premises Costs 4,253 4,467
Administration and Overheads 23,110 36,679
Governance Fees 9,240 9,516
197,871 186,705

8. Net Income 2021 2020
E
Net Income is stated after charging:
Depreciation
of assets		 48,153 30,023
Profit on disposal of fixed assets
Operating
lease rentals:
Land and buildings 52,741 52,741
Auditors'
remuneration:
Audit services 9,240 8,110
Trustees'
remuneration		 and expenses
9. Employees'
Information
The average
number		 and full time equivalent persons 2021 2020
employed
during the		 year was: No FTE No FTE
Housing
and Supported		 Living 45 38 44 39
General Administration and Finance 4 3 3 3
49 41 47 42
Staff Costs 2021 2020
E E
Wages and salaries 1,084,614 1,065,419
Social security costs 89,607 91,250
Employer's
contribution		 to defined contribution pension schemes 60,483 59,436
1,234,704 1,216,105

For employees For employees earning over f60,000 per annum earning over f60,000 per annum earning over f60,000 per annum earning over f60,000 per annum
excluding
pension		 contributions: 2021 2020
No No
f70,001 - E80,000
2021 2020
E E
Total amounts paid to Defined Contribution Schemes 4,837 4,742
2021 2020
No No
Staff to whom retirement benefits are accruing
under Defined Contribution Schemes

11.Tangible
Fixed Assets		 Office
Equipment Freehold
Fixtures Land &
8 Fittings Buildings Total
E E E
Cost
At 1 April 2020 254,752 815,782 1,070,533
Additions 6,515 6,515
Disposals
At 31 March 2021 261,266 815,783 1,077,049
Accumulated
Depreciation
At 1 April 2020 175,483 136,440 311,923
Charge for year 19,017 29,136 48,153
Disposals
At 31 March 2021 194,500 165,576 360,076
Net Book Value
At 31 March 2021 66,766 650,206 716,973
At 31 March 2020 79,269 679,342 758,611

12. Investments Investments 2021 2020
Investment in wholly owned Subsidiaries E E
Cost
2 Ordinary shares in Rathbone Europe Limited
2 Ordinary shares in Rathbone West Midlands Ltd
Name Activity of Subsidiary Capital and Reserves
2021 2020
E
Rathbone West Midlands Ltd Dormant
Rathbone Europe Limited Dormant
13. Debtors 2021 2020
E E
Trade debtors 137,601 226,754
Prepayments and Accrued Income 42,366 8,664
Other debtors 1,852 1,544
181,819 236,962
14. Creditors: amounts falling due within one year 2021 2020
E E,
Trade creditors 43,394 34,868
Other taxation Et social security costs 24,065 24,831
Accruals 41,009 59,091
Deferred Income (note 15) 11,219
119,687 118,790
NOTES TO THE FINANCIAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
15.Deferred
Income		 2021 2020
E E
At 1 April
Income received for services to be provided in the following
financial year:
Rental Income 5,846
Housing
and Supported		 living 5,373
Income received in prior years released for services provided
in the current financial year:
Rental Income
Housing
and Supported		 living
At 31 March 11,219

2021 2020
E E
Not later than one year 52,741 52,741
Later than one and not later than five years 90,496 143,236
143,236 195,977
21. Analysis of Funds Analysis of Funds Unrestricted Restricted Total Total
2021 2021 2021 2020
E E E E
Representation of Fund Balances
Tangible Assets 716,977 716,977 758,615
Cash at Bank and in Hand 1,676,635 58,962 1,735,597 1,432,871
Net Current Assets/(liabilities) 64,977 (2,845) 62,132 118,172
Total Net Assets 2,458,588 56,117 2,514,705 2,309,658

1 April Income Expend- Transfer 31 March
2020 iture Funds 2021
Restricted
Funds:		 E E E E
Thursday
Club		 389 389
Donations for Cromer Road 32,938 32,938
Development
Umberslade
Road Centre		 Funding 5,766 5,766
RML funded
by The National
Lottery Community Fund 5,850 102,709 (91,535) 17,023
Covid 19Business Grant 17,461 (17,461)
Other sundry restricted donations
Total Restricted
Funds		 44,943 120,170 (108,996) 56,117
Unrestricted
Funds		 - general 2,264,715 1,840,031 (1,646,158) (750,000) 1,708,588
Unrestricted
Funds		 - designated 750,000 750,000
Total Funds 2,309,658 1,960,201 (1,755,154) 2,514,705

2021 2020
E E
Net incomel(expenditure) for the reporting period 205,047 189,512
(asper the statement offinancial activities)
Adjustments
for:
Depreciation
charges		 48,153 30,023
Dividends,
interest
and		 rents from investments (5,797) (14,287)
(Increase) /decrease
in debtors		 55,143 (67,246)
Increase/(decrease)
in creditors		 898 14,168
Net cash provided
by (used in) operating		 activities 303,444 152,170