Company Reg no: 1887850 Registered Charity no: 516557 BIRMINGHAM RATHBONE SOCIETY (COMPANY LIMITED BY GUARANTEE) REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
BIRMINGHAIA RATHBONE SOCIEr4 REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTENTS Page i- li Report of the Council 12-14 Independent Auditors, Report 15 Statement of Financial Activities 16 Balance Sheet 17 Cash Flow Statement 18-31 Notes to the Accounts
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 hRCH 2023 The Trustees. who ore also directors of the charitable comptsny (the Charity) for the purposes of the Companies Act, submit the Annual Report ond the audited financial statements for the year ended 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting by Charities" (FRS 102) in preparing the annual report and the f inancial statements of the Charity. keference and Administrative details Charity Number.. Company Number.. Principal and Registered Off ice.. 516557 1887850 Morcom House, Ledsam Street, Ladywood, Birmingham. 816 8DN Directors and Trustees: The directors of the Charity are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees: or the Counci l of Mamgement,. or the Council. The Trustees serving durin9 the year and Since the year end were as follows: Chair.. Honorary Treasurer.. Vice-chair.. Other trustees.. James Larner FCA Dr Alostair Fiae Dhiren Katwa (Resigned 28 Mar 2023) Dalbir Johal Ruby Stone (Appointed 22 May 2023) Honorary President: Sir John Crabtree OBE, Lord Lieutenant, West Midlands
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Chief Executive.. Director of Finonce and Administrotion: Company Secretary.. Chris Botes BA, MA Vaoni Nironthamkumor Voani Nirantharakumar Auditors: Haines Watts Birmingham LLP 5-6 Greenf ield Crescent Edgbaston Birminghom B15 3BE Bankers: Unity Trust Bank plc 9 Brindley Place 4 Oozells Square Birmingham, 812HE Aldermore Bank plc 1st Floor, Block B, Western House Lynch Wood Peterborou9h. PE2 6FZ Website: ¥vww.rothbone.co.uk Structure, fvernanCe and Management Governing Document Birmingham Rathbone Society is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. The Charity is registered with a maximum of 96 members and anyone may become a member on condition of their membership being approved by a majority of the Council of Management. As ot 31 March 2023 there were 27 members (28 in 2022), each of whom o9rees to contribute £1 in the event of the Charity winding UP.
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Appointment of Trustees As set out in the Articles of Association potential Trustees must be recommended by the Trustees or proposed by a member qualif led to vote at any general meeting. New Trustees are appointed at a general meeting unless to f ill a casual vacancy where the off ice will only be held until the followin9 annual 9eneral meeting when he or she will be eligible for re-election. At each annual general meeting one third of the Trustees must retire from off ice but will be eligible for re-election. The Council appoints a Chairperson, Vice-chairperson and Treasurer. The off ice holder must stand down at the end of every two-year period but may of fer themselves for re-election. No off icer may be re-appointed for more than ten years in a99regate. Trustee Induction ¢iThJ Trainir9 New Trustees undergo dn induction visit to brief them on their legal obligations under charity and company law.. the content of the Memorandum and Articles of Association.. the committees and decision-making processes.. the business plon and recent f inancial performcmce Of the Charity- During the induction visit they meet the Chief Executive and the Chair of the Council of Management. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Orwisation The Council of Management. which currently has no maximum number of members, administers the Charity. The Council meets quarterly and there are sub-committees covering Performance and Services, both of which also meet quarterly. and a Remuneration Committee which meets as and when required. A Chief Executive is appointed by the Trustees to maThJge the day to day operations of the Charity. To facilitate effective operations, the Chief Executive has delegated authority. within terms of delegation approved by the Trustees, f or all operational matters across the orgonisation. In accordance with the Charity's Articles of Association the Council of Management also appoints a Secretary. which is not ah honorary position. No member of the Council may occupy the solaried position of Secretary.
BIRA41NGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Renwneration of Senior Management Team The Charity has a written Salary Review Policy and a lon9Standing salory gradin9 Structure coverin9 oll roles across the or9anisation which was originally set by the Remuneration Sub-committee and ratif led by the Council of Management. The Council of Management reviews staff salaries annually, considering all relevant factors includin9 the current economic climate and the nature of the organisotion's contracts. to determine any annual salary percentage increase. Annual pay awards have the effect of adjusting all the grades (]nd pay points on the Birmin9ham Rathbone Salary scale and any rate increase is applied consistently across all employees of all staf f grades includin9 those of the Senior Management Team. kisk Management The Trustees have a risk maM9ement strategy which comprises: an annual review of the risks the Charity may face.. the establishment of systems and procedures to mitigate those risks identif led in the review,. and the implementation of procedures designed to minimise ony potential impact on the Charity should those risks materialise. The key risks and uncertainties that have been identif led and are being managed are.. health and saf ety of staff and clients 9enerally. and in relation to COVIt)-19.' risks in relation to safeguarding young people and vulnerable adults.. uncertainty regardiThJ changes in public policy and the potential impact on public spendirg.. ensuring that external quality requirements are met.. ensuring that contract requirements are met. The organisation has robust safeguarding policies and procedures which incorporate all trustees. staff and volunteers undertaking enhanced DBS checks at least every two years, and saf e9uardiThJ training for all staff and volunteers. Where possible trustees. staff and volunteers reglster with DBS Update, which provides an annually updated certif icate. The organisation's representatives attend the Birmin9ham Safeguarding Adults Board meetings. The Charity maintains suf f icient levels of reserves in accordance with the Trustees, reserves policy and continues to purchase suitable houses and partner with relevant organisations across the city to expand its provision of supported accommodation.
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Objectives. Strategles. Activities Birmingham Rathbone is established for charitable purposes only to promote the welfare and advance the education of those children, young people and adults who need special care and attention as a result of the educational diff iculties they either experience or have experienced. These dif f iculties will have usually caused them to attend schools for children with special educationol needs or special classes within mainstream schools. Birmingham Rothbone exists to ensure that people with learning difficulties achieve their full potential and participate f ully in the life of the community. Birmingham Rathbone believes that.. all people are of equal worth.. everyone can learn,. everyone should have equal access to education, training. employment, accommodation, health. leisure and community facilities.. and everyone should have the opportunity to be part of, and contribute to, the community in which they live. The main objectives for the year continued to be those as set out in the Charity's Mission statement to enable people with learning diff iculties to achieve their f ull potential as follows: to identify and advocate f or the provision of a range of services to enhance the quality of lif e f or people with learning diff iculties.. to protect and safeguard clients.. to promote and conduct relevant research.. to provide information and advice for parents, professionals, members, volunteers and a concerned general public.. to provide and innovate services to meet identif led needs.. and to evaluate the effectiveness of services and, by disseminating the findin9s, extend knowledge and improve practice. The Charity's Strategies for achieving its main objectives are: to form partnerships with a range of relevant organisations,. to develop and maintain relotionships with key statutory a9encies.' to offer f lexible solutions to f unders ensuring our provision meets the needs of our clients, f unders and inspection regimes.. to engage with the corporate sector f or partnership. sponsorship, secondment ond funding opportunities.. to f orm and support service user constituency 9roups f or consultation and support in their chosen activities.. to expand provision takiThJ account of demographic chan9es.
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Birmingham Rathbone offers Supported Living, Accommodation with Support. Home Support (Home Care) and Employment Support (through PURE) to assist people with mild to moderate learning diff iculties to live with self-conf idence. choice and control over their independence. The main areas of activity durin9 the year were Housin9 and Supported Livin9 Services. The Charity's services are provided in partnership with Birmingham City Council's Vulnerable Adults Health & Social Care team,. the Care Quality Commission.. Social Care and Health (City of Birmingham and Sandwell Borough Council). and Housing Associations in 8irmingham in a voriety of accommodation settings. The Chority also delivers a contract on behalf of Birmingham City Council (PURE) throu9h ESF funding to help vulnerable people into training, education and employment. A comprehensive needs assessment of clients enables the Charity to tailor its services to the individual's personal needs so that the client can live the way that they want to live in their community settirvj. Support may concern areas such as health and well-being,. budgetiThJ skills.. life skills.. attaining recognised academic qualif ications or seekin9 meaningf ul employment. This is regularly updoted. Our Vulnerable Adults with Learni Disabilities service has been owarded the maximum 4 stars for excellence and inspection grades in recent years have achieved A in all f ive areas of '. Assessment and Support Planning Security, Health and Saf ety Safeguarding and Protection f rom Abuse Fair Access. Diversity and Inclusion Client Involvement and Empowerment Our Home Support and Supported Living Services were awarded Good in all categories by the Care Quality Commission at the last inspection in October 2017. Our Supported Living Service was 9raded as silver by Birmingham City Council at review in J(muary 2023. The Charity continues to search for additional suitable domestic properties to increase accommodation provision for its Housing and Supported Living services. Volunteers The Charity welcomes the input of volunteers to enhance its activities. The contribution made by volunteers in the year was not signif icant and no particular activity was reliant on the services of volunteers.
BIRMINGHAM RATHBONE SOCIE REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Achievements ard Performance During the yeor we.. won o new City Council contrnct for accommodation-based support for vulnerable people with learnin9 dif f iculties/disabilities in Birmingham, winding down our f loatin9 support contract and successfully and sensitively supporting those clients to transf er to other providers,. the new Vulnerable People accommodation with support contract wos owarded for 5 years (to June 2027) with an optional extension of 2 years (to June 2029).. continued to deliver the PURE contract on behalf of the City Council.. continued to deliver the Home Care Service under the Framework Agreement with the City Council,. • won a new Supported Living Flexible Contract with the City Council (for 5 years to 2028, extendable to 2030).. continued to deliver the Supported Living Service under the new Framework Agreement with the City Council.. successfully completed the transf er f rom monogement agreements to leases with Midland Heart on Bill Slater House and both properties in Kingsbury Road.. continued to seek appropriate properties for purchase.. carried out a programme of improvement to all our properties.. renewed our Investor in People standard accreditation through a full 3 yearly review in January/February 2023.. • continued to upgrade our IT inf rastructure, replacing the staff laptops and mobile phones.. continued to develop the skills base of our staff through formal training 9ualifications and apprenticeships.. continued to develop our commitment to service user involvement through surveys and feedback.. and facilitated client input into the City Council's consultation on future services for vulnerable people., and continued to develop and maintain relationships with key statutory agencies and funders (e.9. girmin9ham City Council: and strote9y groups (e.9. the 8irmingham Homelessness Partnership Board).. • agreed a partnership with the Hilton Garden IM Hotel as its chosen charity of the year: all of the above was delivered in the context of the recedin9 Covid-19 pandemic, operating to a very high standtyd of infection control and successfully protecting clients and staff from inf ection.
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 The Charity measures its success by various criteria, including.. annual surveys f rom all clients accessin9 our services.. regular client f orums encouraging feedback dialogue,. regular monitorin9 of incidents. accidents. saf eguarding, complaints and compliments at management meetings, and reporting on the same at Trustee Board,. monitoring achievements and f inancial perf ormance against prescribed outcomes set by funders.. monitoring achievements and progress against our Business Plan and KPIS.. an annual anonymous staf f feedback survey.. self-assessment returns including reports to CQC and to 8irminghom City Council.. external quality checks and accreditations e.g. CQC (Good). Vulnerable People (Excellent). Supported Living (Good). Home Support (Good), Motrix Standard for Information, Advice and Guidance and Investors in People accreditation. The Trustees are of the opinion that throughout the year the Charity complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benef it guidance published by the Commission. The Charity does not employ any external fundraisers and complies with the Fundraising Regulator's voluntary regulation scheme. Overall the Charity produced a surplus of £95,391 for the year ended 31 March 2023. The organisation continued to deliver Housing and Supported Living Services and produced a total unrestricted surplus of £95,391 as shown in the SOFA. The Charity's principal funding continued to be derived from 8irmin9ham City Council and Sandwell Metropolitan 8orough Council for Vulnerable People and Home Support. It also continued delivery of the PURE (Placin9 vulnerable urban residents into employment) project which, funded by the European Social Fund through 8irmingham City Council. assists vulnerable Birmingham residents into employment. education or training using a range of coordinated interventions to help overcome barriers into the employment market. Plans for the Future In the forthcoming year the Charity's key objectives are to.. ensure safe working practices for the protection of clients and staf f.. expand supported housing services and home care through developing and delivering our controcts and the Framework Agreement.. expand Supported Living services through the new 8irmingham City Council's Framework Agreement.. successf ully deliver our part of the PURE ESF project..
BIRMINGHAM RATHBONE SoCIy REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 continue to meet the Notional Informotion, Advice and Guidance Standards.. continue to support and develop our staff: secure additional contracts/fundipvJ for services to vulnerable people with learnin9 distl11t1es in Birmin9ham. continue working towards Investors in Excellence: continue to extend and deepen our range of partnerships: work to extend our delivery to include a wider rae of opportunities for people with learning diff iculties.. continue to develop and maintain relationships with relevant statutory agencies and funders, including Birmingham City Council, to remain a key supplier of services.. and purchase/source new properties to increase our available accommodation to support independent liviFYJ for people with learning diff iculties and disabilities. Reserves Policy The Charity is constantly reviewin9 Its cost bose and implementin9 efficiencies with a view to mointainin9 liquid reserves. The Trustees Charity's decided the minimum free reserves requirements should be the equivalent of Six months, expenditure. The Charity's free reserves as at 31 Morch 2023 were £1,963,533 (2022 £1,868,142). The free reserves are equivalent to 13 months annual expenditure at current levels. In addition to the free reserves £750,000 has been desi9nated by the trustees f or f urther property purchase. The Trustees re9ularly review the apwopriateness of the reserves policy with regard to the current environment in which the Charity operates. Its Vulnerable People and PURE contracts incur a retention of 10 ID of the iinnual earnings value until the end of each contract year due to a payment by results element. We continued to deliver our services and have re-introduced various activities in the light of the COVID-19 emergency recedin9. The Trustees believe the level of reserves held to be appropriate at this time. Aworeness of relevant audit information In accordance with comp¢]ny law, as the Charity's Trustees. we certify that: in $0 far os we are aware, there is no relevant audit information of which the Charitys auditors are unaware.. and as the Trustees of the Charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that information.
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 IAARCH 2023 Haines Watts Birmingham LLP were reappointed at the Annuol General Meetin9 in November 2022. This report was prepared in accordance with the special provisions of Part 15 of the Companies Act 2006. Approved by the Boord of Trustees on 21 August 2023 and signed on their behalf by.. Chairman.. ..James Larner Treasurer.. ..Alostair Rae io
BIRMINGHAM RATHBONE SOCIErY REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 hlARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILrrIES The Trustees are responsible for preparing the Report of the Council and the financial statements in accord¢ince with t)pplicable law and United Kingdom Accountin9 Standards (United Kingdom Generally Accepted Accounting Practice). Company low requires the Trustees to prepare f inancial statements f or each f inancial yeor that give a true and fair view of the state of affairs of the Charity and of the incoming resources and applicotion of resources. including the net income or expenditure, of the Charity for the year. In preparing those f inancial statements the Trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP.. make judgments (]nd estimates that are reasonable and prudent.. prepare the financial statements on the goin9 concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping accountin9 records that 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 2006. They are also responsible for safe9uarding the ossets of the Charity and hence for toking reasonable steps for the prevention and detection of f raud and other irregularities.
orto he Inde endent Auditors to the Member 8irmin ham kathbone Socie Opinion We hove oudited the f indnciol statements of Birmingham Rathbone Society (the 'charitable company'l f or the year ended 31 M¢]rch 2023 which comprise the Statement of Finoncial Activities. the Balance Sheet. the Cash Flow Statement and notes to the financial statements, includirg a summary of si9nif icant accounting polities. The financial reportin9 f ramework that has been applied in their preporotion is applitoble law and United Kin9dom Accounting Standards {United Kin9dom Generally Accepted Actounting Prattitel. In our opinion the finoncial statements.. give a true ond fair view of the state of the eknritttble comwty s affoirs os at 31 Morch 2023 and of its incomin9 resources and application of resources, including Its income and expeThJiture, for the year then ended.. have been prfrperly prepared in occordance with United Kingdom Generalty Accepted Accountin9 Proctice.. cffld have been prepared in accordance with the requirements of the Comp¢]nies Act 2CKJ6. 8osi5 for opinion We conducted our audit in occordance with Intermtionol St¢Thdords on Auditin9 IUKI (ISAS (UK)) dnd opplicable low. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the finoncial statements section of our report. We ore independent of the charitable company in occord(mee with the ethical requirements that are relevont to our audit of the financial statements in the UK, includin9 the FRC'S Ethical Stondard, and w¢ have fulfilled our other ethical responsibilities in accordance with these requiremehts We believe that the audit evidence we have obtoined is suff icient and appropriote to provide a basis for our opinion. Conclusions relatiry to 9OFn9 coKvn rn auditir9 the fin(mcial statements. we have concluded thot the trustees, use of the 90in9 concern basis of accountiw in the preparation of the f inanciol statements is apprgpriote. Based on the work we have perf ormed. we hove not Identif led any moterial uncertainties relating to events or conditions that, indiv4dually or collectively, may cast signif icant doubt on the charitoble company's ability te continue QS O goin9 concern f cr a period of at least twelve months from when the f inanciGI staternents ore author¢sed f or issu¢. Our responsibilities ond the responsibilities of the truslees with respect to 90ir9 concern ¢Tre described in the relevant sec¢ons of this report. Other informotion The trustees are responsible for the other information. The other informotion comprises the information included in the Annual keport, other than the f inonciol stotejnemts and aur Report of the Independent Auditors thereon. Our opinion on the f inancial statements dots not cover the other informalion dnd. except to th¢ extent otherwise explicitly stoted in our report, we do not express ony form of ¢Ur0nce conclusion thereon. In connection with our audit of the financial statements, our responsibtlity Is to redd the other information (Md. in doirg so. consider whether the other inf ormotion is maerially inconsistent with the f inancial statements or our knowledge obtained sn the audil or otherwise appears to be mater¢olly misstated. If we ide*tify stjch moterial inconsistencies or apparent material misstatements. we are required to detemine whether this gives rise to o materid rnisstoternent in the f inancial statements themselves. If , bosed on the work we hove perf ormed, we conclude that there is a terial misstatement of this Other information, we ore required to report thot f oct. We have nothing to report in this re9ard. Opinions on other tter$ wes¢rib¢d by th¢ C¢mpafti¢s Act 21 In otjr opinion. based on the work wdertaken in the course of the audit.. the infonDOtion given in the keport of the Trustees for the f iTrJncial yeor for which the finonciol stotements are prepared is consistent with the financial staternents.. and the Report of the Trustees h£ been prepared in accordonce with applIc¢Ie le901 requirements. 12
orto the Inde irmi endent Auditors to the Members of oci l•latt% on which we dre requlred to report by ¢x¢¢ption In the light of the knowled9e (md understandin9 of the choritoble company ond its environment obtoined in the c¢urse gf the (wdit, we have Mt identified moterial miSStotementS in the Report of the Trust. We have nothirs to repjrt in respect of the fallowin9 matters where the Cofflpanies Act 2006 requtres us to report to you if . in OErr opinion.. adequate accountin9 records have not been kept or retsrns adeqwte for our audit have not been received fmm bronches not visited by us.. or the f inoncial stotements ore not in agreement with the occounting records and returns.. or certain disclosures of tnJstets' remuneration specif led by law are not made.. or we have not received all the information and exPl(tytIOlls we require for our audt.' or the trustees were not entitled to toke advantage of the small companies exernption from the requirement to prepore o Strategic Report or in preparing the Report of the Trustees, Responsibilities of trir5tees As explained more fully in the Statement of Trustees. Re$pon$ibilities. the trustees (who are also the directors of the charitable comp(my for the purposes of compony low) ore responsible for the preparatton of the f inancial statements and for beirg stttisf led thot they give a true ond foir view. and for such internal tontrol as the trustees determine is necessdry to emble the preparation of f irwcial statements that are free from material missratement, whether due to f raud or error. rn prerIng the fin(Mcial stotements. the trustees are rtsponsible for assessiThJ the eharitoble company's ability to continue as a90itY4 concern, disclosing. as applitable, matters related to go(n9 concern and ustn9 the 90ing concern basis of account¢n9 unless the trustees either intend to liquidate the charitable cornpony or to c¢ose operations, or hove no reolistic alternative bLrt to do so. thjr responsibllrties for the alt of th¢ finafi¢iol statements Our objectives are to obtain reosonoble ossuronce about whether the f inancial statements 0$ o whole ore free from materiol rnisstatement, whether due to froud or error, dnd to isstje o Report o the Independent Auditors that includes our opinion. keasorthle assurance is o high level of assurance. but ts not a guarantee that an oudit conducted in otcordoftce with ISAS (UK) will ttlwoys detect a moter¢al misstat¢ment when it exists. Misstatements con arise f rom fratjd or error (Md are cornsidered mllterial if . individudlly or in the ag9re9ate. they could reasonably be expected to inf luence the economic decision$ of users token on the bosis of these f inoncidl statememts. We obtoined on understonding of the le9al ond regulatory framework applicable to both the charitable company itself and the sector in which it operates. We identified ttreos of laws ond regulations that could reos¢nably be expected to have a rnateriol effect on the f imncial stdtements f rom our sector experience and throu9h discussion with the trustees ond other management. The most Signif icant were identif led os the Cornponies Act 2006, the Chorities Act 2011 oThd the Charities SORP (FR51021. We considered the extent of compliance with those laws and regulations as part of our procedures on the related f inoncid stottments. Our di$ procedures included, but were not limited to.. makiNJ enquires of trustees and m¢]nagement og to where they Consider there to be a susceptibility to fraud and whether they ha any knewledge or suspicion of froud.. obtainiTh4 ¢Jn underst¢Jndin9 of the internol controls estoblished to miti9ate risks related t¢ fraud or non-compliance with laws and pe9ulations.' assessing the desi9n eff¢ctiveness of the controls in place to prevent and d¢t¢rt froud.. assessing the risk of management override includin9 identifytn9 testin9 journal entries.. Challenging th¢ a$slPtIOnS ond Judgements made by management in ¢tS $19nif icant accountirvj estimates. Whilst our audit did not identify ¢my si9nificont motters relotiry to the detection of irre9ulorsties includiThJ fraL*I. and despite the audit being plarwwd and conducted in atcordance with fsAs (UKI. there r¢rnains on umvoiddble r¢sk that material mis$tatement$ tn the fimncial statements m(ry not be detected owirg to inherent limitations of the 13
orto the Inde Bir endent Auditors to the Members o ha Rathbone Socie oudit. ortd th¢it by their very noture. any SLth instances of froud or irwlarity would14keiy ipwofve collusion, forgery, intentional misrepresentation$. or the override of internal controls. A further description of our responsibtlities for the oudit of the financial stotements is located ort the Fin(mcial Reportin9 Council's website at www.frc.or9.uklauditorsresponsibilities. This description forms part of our Report of the Ind¢ptndent Auditors. Use of aur rewt This report is made solely to the choritable compY'S members, as a booty, in occordance wrth Chapter 3 of Port 16 of the Companies Act 2006. Our oudit work has been undertaken so that we might state to the charitable compony's members those matters we or¢ required to stote to them in an adtorS. report and for no other purpose. To ihe fullest extent permitred by law. we do hot accept or assume responsibility to owone other than the charitable c¢mp(wy and the charitable company's members os o body, for our audit work. for this report, or for the opinions we have formed. Nichola Venables (Senior Statut¢)ry Auditory for and on beholf of Haines Watts Birmin9ham LLP 5-6 6reenf ield Crescent Ed9batton Birminghom B15 38E 12th September 2023 Date.. 14
BIRMINGHAM RATHBONE SOCIETY STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2023 INCORPORATING THE INCOME AND EXPENDrruRE ACCOU Unrestrlcted Funds 2023 Rertrlcted Funds 2023 Total 2023 Total 2022 Notes Income: Donations and legacies Charftable Actiwties.. Housing and Supported Llving Grant for Crisis SLtpport Investment income Other 552 552 35,423 1,823,948 1,823,948 1,851,515 44,678 5,343 213 20,021 20,021 Total Income 1,844,521 1,844,521 1,937,172 Expenditure on: Raising Funds Charitable Actlvltles: Housing and Supported Living Cri5TS Support Other grant Total Expendlture 1,749.130 1,749.130 1,699,581 61,702 33,359 1,794,642 1,749,130 1,749,130 Net gainsllosses on Investments Net income/(expenditurel Transfers between funds Net Movement in Fund5 95,391 95,391 142,530 95,391 95,391 142,530 Reconclliatlon of funds: Total Funds Brought Forward 2,618,14Z 39,093 2,657,235 2,514.705 TOTAL FUNDS CARRIED FORWARD 2,713,533 39,093 2,752,626 2,657,235 The statement of financial act7Vitie5 includes all gains and 1055es recogni5ed in the yeèr. For comparative5 see Note 2. The Note5 on page5 18 to 31 form part of these financial statements. 15
BIRMINGHAM RATHBON£ SOCIETY Company R4 no: 1887850 BALANCE SHEET AS AT 31 MARCH 2023 Notes 2023 2022 Flxed assets". Tangible assets Investments 655.748 672,392 12 Total Fixed Assets 655,752 672,396 Current assets: Debtors Cash at bank and In hand 13 258,128 1,997.748 136,385 1,988.807 Total CLsrrent Assets 2,255,876 2,125,192 Creditors- amount5 falling due withln one year 14 1159,0011 1140,352} Net current assets 2,096,875 1,984,840 Total assets less current liabilities 2,752,626 2.657,235 Creditors: amounts falling due after more than one year Net Assets 21 2,752,626 2,657,235 Charlty Funds: Unrestricted Fund5 Restricted Income Funds 21 21 2,713,533 39,093 2,618,142 39,093 2,752,626 2,657,235 These financial statements have been prepared in accordance wlth the speclal provlsions of Part 15 of the Companies Act relatiri4 to charitable small compan7es. The financial statements were approved by the Council of Management on authorised for issue and Signed on thelr behalf by: and Chalrman: James Larner Alastair Rae The Notes on pages 18 to 31 form part of these financial statements. 16
BIRMINGHAM RATHBONE SOCIErY CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Notes 2023 2022 Cash flows from operating actTVities: Net (h provided by (used in) operatins octivitie5 23 23.037 253,676 Cash flows f rom investing activities: Dividends, interest and rents f rom inve5tment5 Proceeds from the sale of property, plant and equipment Purchase of property. plant and equipment 20,021 5,343 134,1171 15,8101 Net cash provided by (used in) investing activities Cash f Iow5 from financing actiwties: Change in cosh and cosh equivalents in the year Cash and cash equivalents at 1 April C05h ond c05h equivalent5 at 31 March {14,096) (467) 1,988,807 1,997,748 1,735.597 1,988,807 Cash and cash equivalents consists of Cash at Bank and in Hand at 31 March 1,997,748 1,988,807 The Notes on pages 18 to 31 form part of these financial statements. 17
BIRMINGHAM RATHBONE SOCIErY NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng Pollcles asls of Accountfjn8 The significant accounting policie5 applied in the preparatton of these financial statements are set out below. These pollcles have been ¢onsistently applped to all years presented unless Other¥Se stated. The flnancial statements of the charltable company, which is a public benefit entity under FR5102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accouniing and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021 leffectlve 1 January 20191, FSnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companie5 Act The Charity has taken advantage of section 402 of the Companies Act 21J)6 and has not produced group accounts on the basTS that both of its subsidiary companles are Immaierfal. The financial statement5 have been prepared under the hlstorlcal cost conventlon on the gofjng concern basis. which the Trustees consider to be appropriate in the context of the Charity's ability to meet it5 obligations as they fall due, in the period of twelve months followng the date of approval of these financlal statements. In thls con$7deration, the Trustees have taken into account the Charity's asset position, the level and profile of its Ilabilities and the Charity's ability to determlne the level of charitable serwces delivered. If the Charity were unable to coniinue to operate, adjustments would have to be made to reduce the value of the as5et5 to their recoverable amount and tts provide for any further liabilities that might arise. 18
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng Poltcles (Contlnuedl Restricted Funds Restricted Funds are funds for which the donor has specifically restricted the purpose for which they can be used. The amount remaining in the funds represents the monie5 Still remaining for future expenditure, or funds represented by assets purchased partly or fully from restricted funds. When a tlme-llmited restrictTon on an asset has expired or been released or where funds received for restricted purposes are expended on the purchase of assets over which there is no further restriction the cost of the asset 15 shown as a transfer to the unrestricted funds. Unrestrlcted Funds Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Income All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entltled to the income after any performance conditions have been met. the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writTng. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. All income Is allocated to the general fund unless otheise restricted by the donor. No am(yJnt TS included in the financial statements for volunteer time in line with the SORP IFRS 1021. Further detail is given in the Report of the Councll. Expenthture All expenditure is accounted for on an accruals basis and has been classTfied under headings that aggregate all costs related to the category. ExpendTture is recognised where there is a legal or constructive oblTgatlon to make payments to third parties, it is probable that the Settlement will be required and the amount of the obligation can be measured reliably. 19
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 1. Accounting Po15cie5 (Continued) CharitabLe activities represent the costs incurred directly in providing the seivices of the Charity including direct staff and other direct costs. Support costs comprise central administration costs in support of the Charity's actiwties and are allocated on the basis of full time equivalent Staff numbers in each activity. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Pension Costs Contributions in respect of the Charity's Group Personal Pension Scheme are charged to the Staternent of Financial Activities in the year in whlch they are payable to the Scheme. Operating Leases Rentals applicable to operatlng leases. where substantially all of the benefits and risks of ownership remain with the lessor, are charged against income as incurred. Fixed Assets and Depreciation Tangible fixed assets are stated at cost lor deemed costl or valuation les5 accumulated depreciation and accumulated impalrment losses. Cost includes costs directly attributable to maklng the asset capable of operatlng as intended. Assets with a cost of less than £1, 500 are not capitalised as immaterial. The Charity enjoys the use of a considerable amount of equipment provided by various funding agencies in addit?on to that acquired from its own resources. Grants received for such equipment are credited to the Statement of Financial Activities in the year of receipt. Depreciation is provided with the intention of writing off the costs of tangible fixed a55et5 over their useful lives. The provlsion Is calculated as follows: OffTce Equipment, Fixtures and Fittings. Motor Vehicles. Freehold Buildings: Leasehold Land and Buildings. 20%-33% stralght-llne 20% straight-line 2 4% straight-line evenly over the remaining lease period 20
BIRMINGHAM RATHBONE SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2. Prlor Year Statement of Flnanclal Actlvltles Unrestricted Funds Restricted Funds Total Notes 2022 2022 2022 Income: Donations and legacies Charitable Actiwtles: Housing and Supported Living Grant for Cri515 Support Investment income Other 2,064 33,359 35,423 1,851,515 1,851,515 44,678 5,343 213 44,678 5,343 213 Total Income 1,859,135 78,037 1,937,171 Expenditure on: Charitable Activities: Housing and Supported LIng Crisis Support Other Grant 1,699,581 1,699,581 61,702 33,359 1,794,642 61,702 33,359 95,061 Total Expenditure 1,699,581 Net incomel(expenditure) Transfers between funds 159,554 17.0241 142,529 Net Movement in Funds 159,554 117,0241 142,529 Reconciliation of fund5: Total Funds Brought Forward 2,458,588 56,117 2,514,705 TOTAL FUNDS CARRIED FORWARD 2,618,142 39,093 2,657,235 21
BIRMINGHAM RATHBONE SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 3. Donations 2023 2022 Unrestricted Donations 552 Restricted Income: Covid Related Grant 33,359 There were no donations from Trustees during the year12022 £Nil). 4. Income from charitable artlvities 2023 2022 Unrestricted Income: Housing and Supported Living: Birmingham City Council Supportlng Peoplelvulnerable Adults Income from Housing Sandwell MBC/City of Birmingham Social Care and Health Birmingham City Council ESF ftjnded PURE project Other income 650,106 546,551 568,774 726,772 553,684 517,313 58,517 53.747 1,823,948 1,851,515 Restricted Income: Rebuild My Life Crisis Support funded by the Community Fund 44,679 44,679 5. Investment Income 2023 2022 Bank Interest 20,021 5,343 22
BIRJ+llNGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 6. Expendlture on Charltable Artlvltles Dlrect Staff Costs Other Dlrect Cost5 2023 Allocated Total Total Support Costs 2023 2023 2023 2022 Charftable Actlvlties: Housing and Supported Living Rebuild My Life Crisis Support Other Grants 963,112 568.075 217.943 1,749,130 1,699,581 61,702 33, 359 Total Re50urce5 Expended 963,112 568,075 217,943 1,749,130 1,794,642 Support Costs are allocated to activities on the basis of full time equivalent staff number5 in each activity subject to available funding. Charitable Activies: Includes expenditure of INil {2022 £95,060) from restricted fund5. 7. Support Cost5 2023 2022 Staff Costs (management, finance, IT, personnel. quality and administration) Head Office Premises Costs 163,797 146,981 4,586 39,681 9,879 4,645 41,232 8,940 Administration and (herhead5 Governance Fees 217,943 201,798 23
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 8. Net Incorne 2023 2022 Net Income is stated after charging: DeprecTation of assets Profit on disposal of fixed assets Operating lease rentals: Hire of equipment Land and building5 Auditors, remuneration: Audit services Trustees. remuneratTon and expense5 50,761 50,391 52,741 52,741 9,875 8,940 9. Employees. Informatlon The average number and full time equivalent persons employed during the year was: 2023 No 2022 FTE FTE Housing and Supported Living General Administration and Finance 33 30 41 36 37 33 45 39 Staff Costs 2023 2022 Wages and salaries Social security costs Employer's contribution to defined contribution penslon schemes Redundancy and termination costs 955,579 89,(Ki5 52,949 29,375 1,071,190 92,751 59,676 4,059 1,126,908 1,227,676 24
BIRMINGHAM RATHBONE SOCIE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hiARCH 2023 10. Costs of Key Management Personnel For employees earning over £60,0fy) per annum excluding pension contributTons: 2023 No 2022 £70,001 - E80,CK)o 2023 2022 Total amounts paid to Defined Contribution Scheme5 5,032 4,939 2023 No 2022 Staff to whom retirement benefits are accruing under Defined Contribution Schemes None of the trustees have been paid any remuneration, received expenses or received any other benefits from an employment with their charity or a related entity12022: £Nill. The total employee benefit5 of the Charity'5 key management personnel, comprising the Trustees and the Senior Management Team, was £ 228,814 {2022: £217,214). 2S
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 11. Tangible Fixed Assets Offlce Equlpment Fixtures & Flttfngs Freehold Land & Bulldlngs Total Cost At 1 April 2022 Additions Disposals 267,076 2,346 815,783 31,771 1,082,859 34,117 At 31 March 2023 269,422 847,554 1,116.976 Accumulated Depreclatlon At 1 April 2022 Charge for year Disposals 215,755 21,519 194,712 29,242 410,467 50,761 At 31 March 2023 237,274 223,954 461,228 Net Book Value At 31 March 2023 32,148 623,6¢JO 655,748 At 31 March 2022 51,321 621,071 672,392 The £847,554 accumulated cost of freehold land and buildings at 31 March 2023 includes both freehold land, which is not depreciated, and freehold buildings, which are depreciated. As the Trustees consider that it is not practical to accurately derive a split between freehold land and freehold buildings for presentational purposes, the associated cost has been combined above. 26
BIRMINGHAM RATHBONE socIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Investments Investment fn wholly owned Subsidiaries 2023 2022 Cost 2 Ordinary shares in Rathbone Europe Limited 2 Ordinary shares in Rathbone West Midlands Ltd Narne Activity of Subsidiary Capital and Reserrfes 2023 2022 Rathbone West Midlands Ltd Dormant Rathbone Europe Limited Dormant 13. Debtors 2023 2022 Trade debtors Prepayments Other debtors 208,060 47,814 2,254 85,497 48,059 2,829 258,128 136,385 14. Creditors: amounts falling due withln one year 2023 2022 Trade creditor5 Other taxation & social security costs Accruals Deferred Income (note 15) 76,216 19,214 49.480 14,091 59,375 23,689 40,7C(I 16,588 159,001 140,352 27
BIRMINGHAM RATHBONE SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IiARCH 2023 15. Deferred Incorne 2023 2022 At 1 April Income received for SeCeS to be provided in the following financial year: Rental Income Housing and Supported Ilving 2,833 11,258 4,230 12,358 At 31 March 14,091 16,588 16. Pension Scheme Commltments The Charity operates a defined contribution pension scheme. The assets of this Scheme are invested separately from those of the Charity ?n independently administered funds. The overall scheme, being sponsored by Birmingham Rathbone Society, is based upon the CharTty's undertaking to contribute 6.4%12022 6.4%) of qualTfying employees, basic remuneration and the legal mTnimum under auto enrolment rules for other staff. The total amount of outstand?ng contributions at the year end was £nil12022 £nil) 17. Constltutlon The Charity is incorporated in England and Wale5 and is limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. 18. Corporation Taxation The Charity 15 exempt from tax on income and gains falling withing section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargable Gains Act 1992 to the extent that these are applied to its charitable object5. 19. Related Partles There were no related party transactions during the period. {2022: £nill. 28
BSRMINGHAM RATHBONE SOCIEr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IiARCH 2023 20. Leases Total future minimum operating lease payments under non-cancellable operating lea5e5 are as follows: 2023 2022 Not later than one year Later than one and not later than five years 82,755 3,750 52,741 37,755 86,505 90,496 21. Analysls of Funds Unrestrfcted Restricted 2023 2023 Total 2023 Total 2022 Representation of Fund Balances Tangible Assets Cash at Bank and in Hand Net Current Assetsllliabilitie51 655,752 1,958,655 99,126 655,752 1,997,748 99,126 672,396 1,988,807 13,9681 39,093 Total Net Assets 2,713,533 39.093 2,752,628 2,657,235 29
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Analysls of Funds (contlnued) 1 April 2022 Income Expend- iture Transfer Funds 31 March 2023 Restrlcted Fund5: Thurxlay Club Donations for Cromer Road Development Urnberslade Road Centre Funding 389 32,938 389 32,938 5,766 5,766 Other sundry restricted donations Total Restricted Funds 39,093 39,093 Unrestricted Funds - general 1,868,142 1,844,521 11,749,130) 1,963,533 Unrestricted Funds . designated 750,C(KI 750,¢XIO Total Funds 2.657,235 1.844,521 {1,749,130) 2,752,626 Restricted Funds The Thursday Club fund is the remainder of a donation restricted to 5UPPOrting a social club for people with leaming difficulties and is expended on the costs of undertaking relevant social activites. The Umberslade Road Centre fund conslsts of monies for improvements and equipment relating to town gardens and for the work previously undertaken at the Charitys Umberslade Road Garden Centre. Donations for Cromer Road development were restricted for Specific renovations at the Charitls former leasehold learning centre. Unrestricted Funds The trustees have designated £750,CIJO for the purchase of propertles to which are to be used In the delivery of charitable activities. 30
BIRMINGHAM RATHBONE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 23. Reconclliatlon of net Incomel(expenditure) to net cash flow from operatln8 actlvltles 2023 2022 Net income/(expenditure) for the reporting period (as per the statement of financial activitie5) Adjustments for.. Depreciation charges Dividends, interest and rents from Investments (Increa5e)/Decrease in debtors IncreasellDecrease) in creditors 95,391 142,530 50,761 120,0211 1121,7431 18,648 50,391 15,343) 45.434 20,665 Net cash provided by (used in) operctins octivities 23,037 253,676 31