## .@ch6die ees 

Company Company Reg no: 01887850 Ree ner GURUFSES Registered Charity no: 516557 fogistared Charityna: 816587 

DRMIRCHAM BIRMINGHAM RATHBONE SOCIETY RATHBONE SOCIETY (COMPARY (COMPANY LIMITED BY GUARANTEE) LIAITED BY GUARANTEE) 

## REPORT OF THE COUNCIL 

as AND 

CURICLAL FINANCIAL STATEMENTS SPAN ERRENTTS FOR THE YEAR ENDED 31 MARCH 2024 



## BIRMINGHAM RATHBONE SOCIETY 

REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## CONTENTS 

Page 1 - 1 1 Report of The Council (including Strategic Report) 1 2 -  14 Independent Auditors' Report 1 5 Statement of Financial Activities 16 Balance Sheet 17 Cash Flow Statement 1 8 -  31 Notes to the Accounts 



Sa BIRMINGHAM RATHBONE SOCIETY RATMBSRE SORES 

OASRT REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 OOF SE COUCH. POR THE TEAR yeh 34 ARCH ae 

The The Trustees, who are also directors of the charitable company (the Charity) for the purposes of Trustees, who enn alte director of the clierituble company (iw Charity) for the purpesss of the Companies Act 2006, submit the Annual Report and the audited financial statements for the year ended ended 31 March 2024 31 March 2026. . 

The The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Truwtees have adopted the provizions af thu Shotement of Recownanded Practicy (SORP) “oosunting "Accounting by Charities" (FRS 102) in preparing the annual report and the financial statements of the the Charity. Charity. by Charities” (PRS 102) in preaaring fie ona report ax! The financial ctotespents of 

## Reference and Administrative details 

Geeity Charity Number: Sumber: SisaSy 516557 Company Number: 01887850 Principal and Registered Office: Morcom House, Ledsam Street, Ladywood, Hitninghors, Birmingham, B16 8DN O16 SDM 

## Eibucthe Directors and Trustees: eral Th **e** se 

‘Ths The directors of the Charity are its Trustees for the purpose of charity law and throughout dirnctors of the Charity are ite Trastess fir the pucposs of charity lew and throughout This this report are collectively referred to as the Trustees; or the Council of Management; or uper? ane collectively referred to as the Trustees; or the Council of Management: or Tiws the Counci Council, I. 

Tite The Trustees serving during the year and since the year end were as follows: Trustees selving Guring the poor cevi since the yor end ware at filles: 

Chair: James Larner FCA Mencrery Honorary Treasurer: Treasaer: Br Dr Alastair Rae Alewtalsfies Glher Other Trustees: Trustees: Chealisipr Dalbir Johal Sevbeat Ruby Stone (Appointed 22 May 2023) Ruby Stona (Appointed22 May 2025) 

Honorary President: Sir John Crabtree OBE, Lord Lieutenant, Wert West Midlands Mithunds 

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## BIRMINGHAM RA TH BONE SOCIETY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

Chief Executive: 

Director of Finance and Administration: Company Secretary: 

Chris Bates BA, MA Vaani Nirantharakumar Vaani Nirantharakumar 

Auditor: 

Cooper Parry Group Limited Cubo Birmingham 3rd Floor Two Chamberlain Square Birmingham B3 3AX 

Bankers: Current Account 

Unity Trust Bank pie 9 Brindley Place 4 Oozells Square Birmingham, B1 2HE 

Bankers: Savings Account 

Aldermore Bank pie 1st Floor, Block B, Western House Lynch Wood Peterborough, PE2 6FZ 

Nationwide Building Society Kings Park Road Moulton Park Northampton, NN3 6NW 

Website: 

www.rathbone.co.uk 

## Structure, Governance 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 at 31 March 2024 there 

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## Mie BIRMINGHAM RATHBONE SOCIETY RATHI SOOTY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

were were 27 members (27 in 2023), each of whom agrees to contribute £1 in the event of the Charity 27 nyeubers (27 in 2029), each of stiam agrees to contribete £1 in ie evant of tis Charity winding up. 

## squint Appointment of Trustees 4 Yrrtese 

As As set out in the Articles of Association potential Trustees must be recommended by the Trustees set out in the Articles of Agzociation potential Vrustecs mart be recommentiad by the Truster: on or proposed by a member qualified to vote at any general meeting. New Trustees are appointed at a prepease by 0 memler qualified iw vote a? ony ganura) meeting. New Trurhew ore cppointed general meeting unless to fill a casual vacancy where the off ice will only be held until the following genaned at a oneal annual general meeting when he or she will be eligible for re-election ooneralmentingquestingunless toive fillhee orceauel sve vormcywill be eligiblewhore fueThere-coff **i** ectionce sal . At each annual general meeting ontyAT wach Ge holdawmel untileuevural the fellosInsct **ing** . one third of the Trustees must retire from office but will be eligible for re-election 

Tie The Council appoints a Chair, Vice-Chair and Treasurer Council appoints a Cheir, Vice-Chair and Trassarer. . The office holder must stand down at the The office elder aust stand doen ? ihe . and end of every two-year period but may offer themselves for re-election of every tmo-poe peried but may offer Temssives for re-cection, No No officer may be re­ officer appointed appointed for more than ten years in aggregate. fir mors Than fen years in aggregate. may be re- 

## Trustee Induction and Training 

Naw New Trustees undergo an induction visit to brief them on their legal obligations under charity and Trustese undesge am induction visit to leiey them on thear lega ebligutives under cheritty and company law; the content of the Memorandum and Articles of Association; the committees and decision-making processes; the business plan and recent financial performance 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. 

## Organisation 

The The Council of Management, which currently has no maximum number of members, administers the Council of Manapeenu?, which cunwentty bow ne meinen munber of members, akainighors the Charity. The Council meets quarterly and there are sub-committees covering Performance and Service, Services, both of which also meet quarterly, and a Remuneration Committee which meets as and when butii of which also ese? querterty, and a Remuneration Copmitine wiich meetsas and wien required. required. 

A A Chief Executive is appointed by the Trustees to manage the day to day operations of the Charity Gait Executive is aqpolnted by tte Trustees to manage the day fo Gay cperations of the Charity. . Te To facilitate effective operations, the Chief Executive has delegated authority, within terms of facilitate: effective operations, tha Chief Exeorjive hog caleoched aotherity, within terye of . delegation approved by the Trustees, for all operational matters across the organisation 

Tn In accordance with the Charity's Articles of Association the Council of Management also appoints accordance with the Chertty's Articles of Assoctotion the Counc of Menagement olzo appoints a@ a Secretary, which is not an honorary position. No member of the Council may occupy the salaried Secretary, which ig wet an honorary position, Me menter of tie Counc may ocoupy the salaried position position of Secretary. of Saoretary. 

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

## SR BIRMINGHAM RATHBONE SOCIETY eeeSOCSTy 

## former Remuneration of Senior Management Team of Gedy Reroawene! Tess 

‘thie The Charity has a written Salary Review Policy and a longstanding salary grading structure covering Ghartiy has a written Saiery Review Policy and 0 lenpeiertiiag salary grading sioucthas covering el all roles across the organisation which was originally set by the Remuneration Sub-Committee and reiee across Hin orguniection witleh mat originally sa? by the Rwunsretion Sub-Cepeifies anal ratified ratified by the Council of Management. The Council of Management reviews staff salaries annually, by tfte Council of Marmpement. The Council ef Mauger? revere shelf aelares enumlly, considering all relevant factors including the current economic climate and the nature of the ongonization's organisation's contracts, to determine any annual salary percentage increase. Annual pay awards have confrects, ty determine ony annual salary perventege Increase. Armas) the effect of adjusting all the grades and pay points on the Birmingham Rathbone Salary Scale and the poy awards baea ary any rate increase is applied consistently across all employees of all staff grades including those of ratseffectincrecssof atljei **s** tingapplied all theconsisgra **t** entlyes andacres pay pestsol] emplepeon tH **e** Birrelaghorss of all stat?Rathbonegrades including Salary Sesiethese anitof the Senior Management Team. 

## Wek Risk Management Bernsen? 

## Risk Management 

“The The Trustees have a risk management strategy which comprises: Teusiess have o risk managemen? strategy which campriees: 

- ° • onewua an annual review of poviow of the risks the Charity may face; ite migion tite Chority may fine o • the establishment of systems and procedures to mitigate those risks ident tha ettebildveent of surtems aul procectares to mtigabs fivats rluls identi ified in the review; fed ly dhe pevier: ond and 

- e • the the Implementation implementation of procedures designed to minimise any potential impact on the Charity of procethines Uiesigned to miuiiise any potential impact on tive Charity should should those risks materialise. those risks eaten iallee 

The key risks and uncertainties that have been identified and are being managed are: 

- 0 • health health and safety of staff and clients generally, and in relation to COVID-19; and safety of staff ond cients gererally, aed in raigtin te GOVEN-{s: o • pips risks in relation to safeguarding young people and vulnerable adults; in reletion te safeguarding yourg people aut vinercbie acutis; 

- • uncertainty uncertainty regarding changes in public policy and the potential regarding changes in pull policy axl tha potential impact on public spending; anpact on sulle spending; o • = ermuring ensuring that external quality requirements are met; thet external qaullty eequirvernmrts ane net; © • speuning ensuring that contract requirements are met Vani certror? requiremarisore mad. . . 

The organisation has robust safeguarding policies and procedures which incorporate all trustees, staff staff and volunteers undertaking enhanced DBS checks at least every two years, and safeguarding ov! vohatisers unduricking entaced 235 checks a? least every tea years,ad ecfagurdirg training for all staff and volunteers. Where possible trustees, staff and volunteers register with DBS Update, which provides an annually updated certificate. The organisation's representatives attend the Birmingham Safeguarding Adults Board meetings. The The Charity maintains sufficient levels of reserves in accordance with the Trustees' reserves policy Gurtty marino suFiicien? tevels of reserves 2 Gooordutics with tee ‘Tiutecs’ reverses policy and and continues to purchase suitable houses and partner with relevant organisations across the city to continues to parchase cultebves houses ond! parinar atth melewert orgonizations expand expand its provision of supported accommodation ita previdion ef supported accommodation. . corese the city te 

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BIRMINGHAM RATHBONE SOCIETY 

## SPORT REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 OF Tite COMSNEHL MOR THE YEAR EASED 34 ae 2oEs 

## Objectives, Strategies, Activities 

Rirtulinphvens Birmingham Rathbone is established for charitable purposes only to promote the welfare and advance lMethibone is extablished for choritalNe purpose auly to premnete the welfors-cnd advance {ive the education of those children, young people and adults who need special care and attention as a eduction of hens chiferen, young pesple and aduits whe med special oars aud attention of a result of the educational difficulties they either experience or have experienced. These difficulties wift will have usually caused them to attend schools for children with special educational needs or special howe ynmadhy omueed them fo attend schueis for caliares with special educctional meds er apacta classes within mainstream schools. 

Birmingham Rathbone exists to ensure that people with learning difficulties achieve their full potential potential and participate fully in the life of the community. and porticipete fully in the life of the cxmmumity, 

Birmingham Rathbone believes that: 

- • all all people are of equal worth; people ore oF equal worttt © • eearpone everyone can learn; car lexrr 

- ° • everyone everyone should have equal access to education, training, employment, accommodation, health, should lars equci escent > cdluontion, trelning, empleymen?, ecoommedction, health, ielgure leisure and community facilities; and end conmumity fochitie; ani 

- • everyone should have the opportunity to be part of, and contribute to, the community in which 6 — they live. howe tiveopportunity te be par? of, and! ceoriribyte to, the community in eliich 

‘he The main objectives for the year continued to be those as set out in the Charity's Mission main objectives for tte peer contiimed te be thoes ax set out In the Charity's Mizzion Sieterent Statement to enable people with learning difficulties to achieve their full potential as follows: te enble peuple with leaning diffiquities tw echlevs their full potential an follows: 

- © • ty to identify and advocate for the provision of a range of services to enhance the quality of life identity ant atveorie for the prevision of mange of services te erhancsthe quaity of fits for people with learning difficulties; 

- o • to to protect and safeguard clients; pertect and safeguardclans: 

- • te to promote and conduct relevant research; premete cl conduct relewurt researc: o • fe to provide information and advice for parents previge informationand advice for parent, , professionsis, professionals, members, volunteers and a mentors, voluoteera ard a concerned general public; 

- e • ¢0 to provide and innovate services to meet identified needs; and provide ond inmevate gervions to mest Icertified meds: ext o • 7 to evaluate the effectiveness of services and, by disseminating the findings, extend wukate fhe effectivenne: of servicer unl, iy dieseaineting tie findings, wetuvi krothedge knowledge and improve practice and laprese practice. . 

‘the The Charity's strategies for achieving its main objectives are: Chority's stretegies tr achieving its main etijectives ore: 

- © • to to form partnerships with a range of relevant organisations; feem portuersiions with o range of relevent orgerisations: o • 90 to develop and maintain relationships with key statutory agencies; develap and mvuriais rekationshipa with Ney statitory agencies: 0 • te to offer flexible solutions to funders ensuring our provision meets the needs of our clients, offer Mleudble solutions to fundurs ensuring cor provivier meets ihe needa of cur clients, funders funders and inspection regimes; ond inayection regtenes: 

- • Pe to engage with the corporate sector for partnership, sponsorship, secondment and funding emgage lth the ccepercts sector for perinuesilp, sponsorship, secontinent axl finding opparhzities; opportunities; 

- to form and support service user constituency groups for consultation and support in their chosan chosen activities; activities; 

- > • to to expand provision taking account of demographic changes. expend prersishon Talting accoun? of demegnuphic chengrs. 

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## BIRMINGHAM RATHBONE SOCIETY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

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 difficulties to live with self-confidence, choice and control over their independence. The main areas of activity during the year were Housing and Supported Living 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 Birmingham in a variety of accommodation settings. The Charity also delivers a contract on behalf of Birmingham City Council (PURE) through ESF funding to help vulnerable people into training, education and employment. During this period all ESF funding for UK projects ended on 31 December 2023 as a result of the UK leaving the EU. However new funding for PURE was secured from the UK Shared Prosperity Fund via the Regional Mayors office and January - March 2024 became the mobilisation period for this being applied from April 2024. 

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 setting. Support may concern areas such as health and well-being; budgeting skills; life skills; attaining recognised academic qualifications or seeking meaningful employment. This is regularly updated. 

Our Vulnerable Adults with Learning Disabilities service has been awarded the maximum 4 stars for excellence and inspection grades in recent years have achieved A in all five areas of: 

- Assessment and Support Planning 

- Security, Health and Safety 

- Safeguarding and Protection from 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 graded as silver by Birmingham City Council at review in January 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 significant and no particular activity was reliant on the services of volunteers. 

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BIRMINGHAM RATHBONE SOCIETY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

## Seatac Strategic Report Reqort 

## Riehonsuaisccrins Achievements and Performance eghd) Muarfertyumuns 

During During the year we: thie year sm: 

- ° • continued to deliver the PURE contract on behalf of the City Council; continuedte deifvor the PURE contract on behulf of the ity Council; o • continued to deliver the Home Care Service under the Framework Agreement with the City contimed te deliver the Homa Core Sarvion welor the Fromemwk Agyeereat with the City Comet; Council; 

- won a new Supported Living Flexible Contract with the City Council (5 years to 2028, extendable o wei a her Supported Living Mexible Guviract with tive City Coandll ( ywars to 2028, echexiebile $e to 2030); 2080) 

- « • continued to deliver the Supported Living Service under the new Framework Agreement with the contiimed to deliver the Sappurted Liviw Servios unher the mw Frameserh Aqrecaver? sith tie City City Council; Council; 

- © • continued to deliver the Vulnerable Adults (accommodation with support for adults with learning continund to deliver the Vulnerable Adults (eocesnpetiation with suppert for ondalty with learning Gisabllities disabilities or autism) contract with Birmingham City Council; or cartier) cavivact sith Girminghas City Council; 

- • successfully completed the transfer from management agreements to leases with Midland Heart mmcentully completed the transfer Frum inUPRpeM? Cortera fo lemiest with Aidlend Mea? on on Bill Slater House and both properties in Kingsbury Road; Gil! Sketer Powe and berth properties in Kiagebary Reed: 

- ° • continued to seek appropriate properties for purchase; contimed ty test meropriats presertiust fine purchans: 

- ¢ • carried out a programme of improvement to all our properties; carried out « programeof laqwrevenen?to ali cur proparties: 

- • reported on our Investor in People standard accreditation through an interim review in February reported on aur Treertor in People standard acoreditetion trough on ietierin paviaw in Pabruary anes 2024 

- ° • continued to upgrade our IT infrastructure, replacing the staff laptops and mobile phones; confined fo upenads our XY kfirantructure, neplocing ihe sieht laptops and mebile ptiones, 

- e • continued to improve our measures for data protection coittinaed fo improve our weamwes for data protection o • continued to develop the skills base of our staff through formal training qualifications and continuedte devon the stills buss of our staff through formal freeing quniifications aut apprenticeships; 

- © • continued to develop our commitment to service user involvement through surveys and feedback; confined To Gaveion sur commits? te nervice user iquaivementd Trough eurores and feadhock; ond and facilitated client input into the City Council's consultation on future services for vulnerable fécilitcli **e** nttedtoga? inte the City Council's commltation on fifure servicut for vulnerable eogte: people; 

- © • continued to develop and maintain relationships with key statutory agencies and funders (e ceatinued 0 develop cowl maintain relationships with key sfetufory agencies ond hayiers (6.9 .g. Birmingham City Council; and strategy groups (e.g. the Birmingham Homelessness Partnership Board); 

- • agreed a partnership with the Hilton Garden Inn Hotel as its chosen charity of the year; and mgresd o puriwurthin with the Hitwn Gerdéz time Motel as ite cheen churity of the pour ont ° • all of the above was delivered in the context of the receding Covid-19 pandemic, operating to a Wi of the ebows was Galivered in es content of ts receding Gord-l9 puxdelc, operating to a wuey very high standard of infection control and successfully protecting clients and staff from Wigh crondard of infection covtvel au! suoonarfully protecting Ghats ond viehf from Wwiection infection. 

The Charity measures its success by various criteria, including: 

- ¢ • annual surveys from all clients accessing our services; anrud gueveys from all clexts acorssing cur services: 

- c • regular client forums encouraging feedback and dialogue; regular Gian? frum anopuraging feedback ond dickoqun: ? 7 



## BIRMINGHAM RATHBONE SOCIETY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

- regular monitoring of incidents, accidents, safeguarding, complaints and compliments at management meetings, and reporting on the same at Trustee Board; 

- monitoring achievements and financial performance against prescribed outcomes set by funders; 

- monitoring achievements and progress against our Business Plan and KPIs; 

- an annual anonymous staff feedback survey; 

- self-assessment returns including reports to CQC and to Birmingham City Council; 

- external quality checks and accreditations e.g. CQC (Good), Vulnerable People (Exce ent), Supported Living (Good), Home Support (Good), Matrix 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 benefit 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 £100,356 for the year ended 31 March 2024. The organisation continued to deliver Housing and Supported Living Services and produced a total unrestricted surplus of £100,356 as shown in the SOFA. 

The Charity's principal funding continued to be derived from Birmingham City Council and Sandwe Metropolitan Borough Council for Vulnerable People and Home Support. It also continued delivery of the PURE (Placing vulnerable urban residents into employment) project which, funded by the European Social Fund through Birmingham 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 staff; 

- expand supported housing services and home care through developing and delivering our contracts and the Framework Agreement; 

- expand Supported Living services through the new Birmingham City Council's Framework Agreement; 

- successfully deliver our part of the PURE UKSPF project; 

- continue to meet the National Information, Advice and Guidance Standards; 

- continue to support and develop our staff; 

- secure additional contracts/funding for services to vulnerable people with learning disabilities in Birmingham; 

8 



## BIRMINGHAM RATHBONE SOCIETY AMINA RAPES SOCET 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

- © • continue working towards Investors in Excellence; exrtinue sorking teers Inverters in Excelhnon: 

- © • continue to achieve compliance with the Data Security and Protection Toolkit standards; coivtings te ashiexve complience with the Data Security ond Protection Tawlhtt stomdands; 

- • continue to extend and deepen our range of partnerships; contines to eottend and Senpen ous range of porinersttipe: 

- • work to extend our delivery to include a wider range of opportunities for people with learning work to extend cw daleay to lnelate « wider purse of opportunities for people with lewsitny dftioutiss: difficulties; 

- • continue continue to develop and maintain relationships with relevant statutory agencies and funders, to develop axl maintain reletionsiina with relies! chatviory cyencies ond feces, inching including Birmingham City Council, to remain a key supplier of services; and Birmlngtxen City Council, ts remain o hey supplies of sersices, ars? 

- = • purchase/source new properties to increase our available accommodation to support independent gurchose/ source new properties to Increase our available accommodation to oapper? independuet living for people with learning difficulties and disabilities. 

## Reccerrose Reserves Policy Polkey 

## Reserves Policy 

The The Charity is constantly reviewing its cost base and Cherity ls comstanthy reviewlag its cost bass avd implementing efficiencies with a view to tnplecnsnting efficiencies with view to maintaining liquid reserves. The Trustees Charity's decided the minimum free reserves requirements requirements should be the equivalent of six months' expenditure steuld tne the equivalent of sin months’ expenditure. . The Charity's free reserves The Gurity's ow as at 31 March 2024 were £1,431,728 (2023 £1,307,785). The free reserves are equivalent to 9 of 31 March 202% eure £1,451,728 (2023 £1,307 FSH). Tie free racerves ane equivalent?fres reservesto 9 months annual expenditure at current levels. In addition to the free reserves £750,000 has been Gezignated designated by the trustees for by the trustees for fu further rther proper property ty purchase. porchars. 

The Trustees regularly review the appropriateness of the reserves policy with regard to the current environment in which the Charity operates. 

## Going concern 

‘The The financial financial statements have been prepared on a goin stetements Hess been prepared on c going g concern basis qwcern bowls, , which assumes that the whlch asec thet the Company Company will will c oomtings ontinue in operation in operation fo far r the the fo foreseenile reseeable fu farume ture and will be able to realise its ard will be ale to realise ite a eseets ssets ond and discharge its liabilities in the normal course of business @scharge ity lichiltties in the morenol course of Business. . 

## Gals Related party transactions mcty **t** ectioned 

Duating During the year the oor, , the charity procured maintenance services from the spouse of a mem the chueity precurstl mofthenamce services from the spew ef a member ber of the of the charity's charity's ke hey y management personne nomagernant qorsonnel, l. The total spend in year The tetal spend in poor was £28,125 (2023; £ sat £20125 HLS; £ 1 19.295). 9,295). T The he procuratacr? procurement of these services is sub of thede dwrvices ig subjwet ject to the chari te the charity's ty's procurement procedures and overseen precuremmn? procedures und ureeen by the Board of Trustees, with the member of key management personnel concerned removed from any decision-making processes regarding the use of the supplier. 

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## BIRMINGHAM RATHBONE SOCIETY 

## REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 

## Awareness of relevant audit information 

## Disclosure of information to the auditors 

We, the directors of the Company who held off ice at the date of approval of these Financial Statements as set out above each confirm, as far as we are aware, that 

- there is no relevant audit information of which the Company's auditors are unaware; and 

- we have taken all steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. 

Haines Watts Birmingham LLP were reappointed at the Annual General Meeting in October 23. 

On 14" November 2023 the audit business of Haines Watt Birmingham LLp was acquired by Cooper Parry Group Limited. Accordingly, Haines Watts Birmingham LLP has resigned as auditors and Cooper Parry Group Limited has been appointed in its place. 

This report was prepared in accordance with the special provisions of Part 15 of the Companies Act 2006. 

Approved by the Board of Trustees on 2nd September 2024 and signed on their behalf by: Chairman: .. j **.** !J **.** . James Larner Treasure/ Alastair Rae '. 

10 



HL BIRMINGHAM RATHBONE SOCIETY TUE SOE Y 

REPORT REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 OF THE COURIC. POM THE YEAR SHORS 27 AR Uy 

## STATEMENT OF TRUSTEES' RESPONSIBILITIES 

Vhs The Trustees (who are also the directors of the Company for the purpose of the Company law) are Trurtees (echo are alan the directors ef tha Company foc tin purpesa of the Gompory las) are responsttle responsible for preparing the Report of the Council including Strategic Report and the Financial for preparing ihe Repor? of the Council including Strategic Repart and fite Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United ikon Kingdom Generally Accepted Accounting Practice) Generally Accepried Acommciing Practice}. . 

Company law requires the Trustees to prepare Financial Statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they they give a true and fair view of the state of affairs of the Company and of the incoming resources shee « vie end foie view of tha chats of affairs of the Company andl of tie incomming remouroau cox! and application of resources, including the net income or expenditure, of the Company for the year. application of resources, Inthating the ne? Imocene or ependitucs, of thin Company for the pos. En In preparing those financial statements the Trustees are required to pespering thess financial stetecsente the Trosteed ore required to! : 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP (FRS 102); 

- make judgments and estimates that are reasonable and prudent; 

- © • siete state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to whether applicable UK Accounting Standards (PIS 102) howe been followed, subject te any material departures explained and disclosed in the financial statement: 

- ¢ • prepae prepare the financial statements on the going concern basis unless it is inappropriate to the financial statements on the gotay concern heals urveas f ls ineppropricts te wresutss presume that the Company will continue in business the? the Ganpary will continwe |: botlness. . 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and! and explain the Company transactions and disclose with reasonable accuracy at any time the financial expkain Ti Company franactions and Wisciags with readonabis accuracy af apy time the Financial position of the Company and enable them to ensure that the financial statements comply with the Cormpenins Companies Act 2006. They are also responsible for safeguarding the Company assets and hence for Ret ROG. They ore alse rexporaiiie Tue sefoguurding the Compony assets and lence far taking reasonable steps for the prevent and detect fraud and other irregularities. 

il 1 1 



## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SGTESY SOCIETY FOR THE YEAR ENDED 31 MARCH 2024 POR THE Vie CMSs 31 RX At 

## Opinion 

We We have audited the financial statements of Birmingham Rathbone Society (the 'charity howe codtlud the Heald sachets of Birmioghym Metthbons Society (the 'chatty’) ') for the year ended 31 March far the yoer ended $1 Ranch 2004 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the while comprise the Siuteeee? of financial uctivities, the Belrece chert, the Ginheant of coal! Mow all fle related notes, including a summary of significant accounting policies. The financial reporting framework that has been qedrosea applied in their preparation is applicable law and United Kingdom Accounting Standards & gr aprespeaporctifon fe seplceiteee gpUisthedar figgdenLtAccounting ‘The FhemcialSrentardy, eapartng , including Financial Reporting MckeiayfresserartFaurictethr? Meperiinghes bens Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Aeeeried Accepted Accounting Practice) Loocurrileg Prectios). . Tn In our opinion the financial statements: oar opinion thee finawial rhetapente: 

- © • ghaa give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its trem ond fair view of the eterte of Hie charitable company's eifidiew aw it 32 Mcrelt 2004 and of te Weoeisg incoming resources and application of resources, including its income and expenditure for the year then tesuurces ond aypiocties: of rasnrong, Yeluday tt ines al experdiicre for The poor Than aed, ended; 

- © • hawt have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Geen proserty prepeed bn ecconiance with United Kingdon danncelry Accepted Accounting Preectics; Practice; and anu! 

- o • have been prepared in accordance with the requirements of the Companies Act 2006 feos been pespored in arcerérce ofth the reqeivements of the Companies Act B00. . 

Abeta Basis for opinion We We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law (ae apiatare . Gm Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the cp **e** cperunbilitiestdocted cor astTunderinMas cc **e** erdarcestarted wihoreIetereetionalfarther decorihied Stendurési, the.on AcdiMat **t** ee'sing (UIpeepentbllities(ESAs TE)foronetheapalioctlequit of low.the fiance financial statements section of our report. We are independent of the charitable company in accordance with the statements saciien of eur sepery. We ene imiipendent of the cx ifihle oenpaty in accordance with ihe ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, thee! cequinements Chat ema reiever? fo cur auc! of the fence! srufementy in the Uitited Gapden, including including the ttm Preecdel Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance feporiing rath with these requirements these requirements,Coucii's . We believe that the audit evidence we have obtained is sufficient and appropriate to provide We Ethbel **i** caleve thetStesderd,the audi? ond weevidencehues futiiedwx hove auof **r** talnedwtter&ethlodwubficientresgoneilitiesat qoprepria **i** tem eccoto p **r** ovicdas **s** 6 a basis for our opinion Dasiz fuy our opinion, . 

forclaies Conclusions relating to going concern Th In aud ecniMtlng iting the f thenkudingfiacrcle! inancial statements, we have concluded that the Trustees te gobyattanertte, aEwe hove aachased! vee the Yoertees’ ' use use of the going concern basis of accounting ef tlie gotng carcert: (rand of enoeetilng “In in the preparation of the financial statements is appropriate the preparation ef (ihe Kringle ehatwuasehts bd eperopelate, . Peace Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions ort Hine wor see Howe perfortned, see feme ret idertited ary mehoriel uncertairte rulating te evurts or conditicns thot, that, Indivieully individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going of collectively, may cart stguificar) deult on the chartteble company’s obllity tu comtizus os « geiag concern concern for a period of at least twelve months from when the financial statements are authorised for issue fav 2 pevied of at \east twelve seeyiles reas witen the fancied) etutercqate ara uethorised fir Lewes. . Cur Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant corpers(biltyigs aed the pegperathilities of the Trartsas =(th rexpec? te going concars are describe) ly the ree? sections of this report secKongof this report. . 

## Stier Other information tastes 

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheetes otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon cxpileitty eterted dy ea we io net express ony farm of essuroncn-conchanlm . Our responsibility we is to read the other information and, in doing so, consider whether the other information is materially Ge #08 Wha ct iaenettin CL bacon COALIE sitter Uae sued theresn,eivamanenOrs respWr **e** nsftatitynches irecnsichart inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears eth the Areca rtetrin op cur teembetipe eSteined O41 the couret of the soit, ov otherwise fo to be materially misstated. If we identify such material be metericy wlesteted. EY we identity soch msterle! i trowelstencics nconsistencies or apparent material misstatements ot oppren! materiel apestatements, , qpsers we are we ce sugared required to determine whether this gives rise to a material misstatement in the financial statements themselves to determine whether Tha gives rigs fe ¢ Betertal minrtetement it the Prenclal siotemants tWheonaalved. . If, If, based on the work we have performed, we conclude that there is a material misstatement of this other information, wore we are required to report that fact requiend ts sapart duct Foc?. . 

Vio We have nothing to report in this regard hare poiaiig Ts Cepert ts hie requ. . 

au 12 



## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM ASTHOOM RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) SOEETY FOR TE PUR Sia 11 dan EOS’ MONTES) 

## Opinion on other matters prescribed by the Companies Act 2006 

En In our opinion, based on the work undertaken our opinion, barnd on fhe work under tedten in in the course of the audit: the course of the cust}: 

- c • the the information given infection given in in the Trustees' the Trurtess' report for the financial year for which the financial namet for the finencid peer far which the fisaxcie seotwnants statements are prepared is consistent with the financial statements. are prepared le completers? with tite flamcial statements. 

- © • the the Trustees' report has been prepared in accordance with applicable legal Teurtans’ reper? Aor Seen prepersd in ancaccierica wit upplloaile jeg requirements. requirasaste. 

atta Matters on which we are required to report by exception co which 2 aes eagarwd te par? by qsugpth Ts In the light of our knowledge and understanding of the charitable company and its environment obtained ihe light ef cer inomtndge and uiurstending of the charitehle company asd Ite antronment obteined in in the course of the audit, we have not identified material misstatements in the Trustees' report. the course of The adit, we Rave not denitfied materia alazhttamts hi She Trutieed’ ragort. Wee We have nothing to report in respect of the following matters in relation to which Companies Act 2006 fave maching te reper? i neqpect of the falkering maiiers in relation to which Ganpenies Act D008 requires requires us to report to you if, in our opinion: us to reper? tu pou if, fa eur epirdan: 

- « • oGequrtes adequate accounting records have not been kept, or returns adequate for our audit have enoounting recerc: have ari been hep?, or revue edeqosts for car ont hos net not been received from branches not visited by us; brevet eeosived fice: brani mot vinited bry wa or or 

- othe • the financial statements are not in agreement with the accounting records and returns; or (imineled hwhenerts on het In agent with tie ocosuiting recerds ond mefures: ar & • certain certain disclosures of Trustees' remuneration specified by law are not made; or Uleclogures of Trustees’ reqmneration specified by los ore nett mecha: or ° • ‘weheves we have not received all the tot necsived of. the information and explanations we require for brfocmnation avd aqacnotions we requine for our audit cur audit: ; or or © • the Trustees were not entitled to prepare the financial statements in accordance with the small the Trestens sare oot onttited to prqpere the financial chefements in occerthnce wiih tive canal! companies companies regime and take advantage of the small companies' exemptions pagine ong fale advantage of the anafl coupenies’ euenptiont in preparing the in prepartny the Trertaes’ Trustees' eaport report and from the requirement to prepare a Strategic report and firemn te hequirwenenit te prepare 6 Strehagic papovt. . 

Caapenuitane Responsibilities of trustees fé As explained more fully wepleined moreof trassaefolly in the Trustees' responsibilities statement, i the Trostest’ regperadtilltice srotemen, the Trustees (who are also the ths Trostess (wie aw cee the Grectory directors of the charitable company for the purposes of company law) are responsible for the preparation of ths charttulne copay for fixe purpesed ef company ken) ers reqpanitie far the preperction of of the financial statements and for being satisfied that they give a true and fair view, and for such the financial statements and fee being extisfied that They give a fies ond fair view, end fie gunk ijermal internal control as the Trustees determine is necessary to enable the preparation of financial cxyived a? he Trustees Gefermine ip neceosry to awiie the propearation of financial Sahseerts statements that are free from material misstatement thet are free fron materiel niertatemen’, , whether due to fraud or error whether des to fraad or eprec. . 

Tn In preparing the financial statements, the Trustees are responsible for assessing the charitable company's prepering the timc eotemants, the Trosteas are ruporsivis fey ceseseing the cherttabie company’ # ability ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using te continns <2 ¢ going concern. diecesiny, a9 qppliasbia, mattars relieved to going concern ond using the the going concern basis of accounting unless the Trustees either intend to liquidate the charitable going concern henle of aecousting unless the Trostecs alifier itend to liquitete the cheritabie company company or to cease operations, or have no realistic alternative but to do so er to coe operertions oe haves no reclivtic efiernative bu? Ye oo oe. . 

Setters Auditor's responsibilities for the audit of specs tue Css wie of thie the financial statements Pneewhel etetets Car Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are objectives ors to obtain seaamabie cyuruie eu? whrther the finda atementy oo eile ow fre free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that fren marteriol pisrtctemert, shetier devs ty frevd or erver, and fs laws co Ageitor's pager? that incduches includes our opinion ct opinion . Reasonable assurance is a high level of assurance, but Ressomalie amurcice ie a high level of eqsurance, Seri le is not a guarantee that an not a gunreies The? cn audit audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. conducted in occentante wrth TSAg (UF) will chee Gotect o metered misrkybemein? whan !t exirtz, AMlertctements Misstatements can arise from fraud or error and are considered material if, individually or in the can arise from frou’ ov erron ond are considered materiel Hf, indieldyelty egqgragete, aggregate, they could reasonably be expected to influence the economic decisions of users taken on the or in the basis of these financial statements. tesie of theseTeyfmociel could paanonotilysietementy. te aaipectod to influcice the economic dechsiuns of users talc on the 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design socetures rocedures in line with our responsibilities, outlined above, to detect material misstatements in respect of by ling with oun cugpeneiblitvies, evtiined bows, te detect wateris wierhchemarta ke regpect of ipregulartties, irregularities, including fraud Bokding frend, . The extent to which our procedures are capable of detecting irregularities, The extent ts which eur procedures are cepalsis cf detecting irregubrities, Wechudirey including fraud is detailed below: Gur Our assessment focused on key laws and regulations the College has to comply with and areas of the execmmmertfood te chetedledfecuned onbelow:bry iove andl regudetions the College her tn comply with al cree of the tierxiel financial statements we assessed as being more susceptible to misstatement stotewents 2 agessed as being more omorptitle to mimriadeent. . These key laws and There hey ket ond regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, Taumrtiont taxation legislation legistetion, , 

i 13 



SSF INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM EET AAT 2 ABST YO Ta eee OF Ree RATION RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) MIPS MO THE Ven TNS Bi ACW Hie (OCOD AeGre's Auditor's responsibilities for the audit of the financial statements (Continues) veqqueiiines the whe ealty of the ficial sheers Hooesteeea} Gt data protection, anti-bribery and employment legislation. We are not responsible for preventing protection, ant-beibary aw exglogmact bngitiction. We we ect respemible fer prerentoy regu irregularities, including fraud. Our approach to detecting irregularities, including fraud, included, but was iar, dcodieg frust. Cer approach ve detections beret tes, (necting Senet, acteted, S03 eo et not limited to, the following: Wratited tg, The felloadey: 

- ® • obvuteing obtaining an understanding of the legal and regulatory framework applicable to the Charity on uedesrteriing of the lose and reguicmry fivrenect applicable to the Charity cel and how the Charity Kew the Chevity is is complying with that framework, including agreement of financial comping etrh thot fromenerd, clueng cgreement of Pixenciel statenet? statement disclosures to underlying documentation and other evidence; tetlesores “¢ underiying Spor tetin ond rther eddews: 

- > • Gioia obtaining an understanding of the Charity's control environment and how the Charity has applied or aevatinaing cf “he Ghety’s cantes! ecvircemmet ond how the Geri hon copies releman! relevant control procedures, through discussions with Trustees and other management and by Geren grocers rouge disomic eth Trartearand ote mangement octfy performing walkthrough testing over key areas; 

- • obtaining an understanding of the Charity's risk assessment process, including gbhelnihg of waderstandiing of thes Chority's ric capetstewe! proces, inchudrg the risk of fraud; the righ of frond, 6 • Nate reviewing meeting minutes of those charged mocting mitnmers! Shore caonged w wT ith go prearines vernance throughout the Hirewgzet the y yur. ear; and and o • «Of of controls cemfrcts, , incigding including testing fepring j Joveeel ournal entries and other ad onivies ard other adkarivemtta justments fo Mr r appropriateness approprictwmes, , evaiontitie evaluating the business rationale of significant transactions outs ee basis roteaute of EgaTican (reaction aiid ide the normal course o th Pore! Course of f busine usin ss eal and re premmaitees viewing accounting estimates for bias entrar Wins eater tame Pluie Lem . 

Whilst Whilst consid comsiiiminy ering how our audit work addressed the detection of irregularities bow! oor cit werk qltewgged The Vatectiot of inomguleritint, , w we e also considered the ated cogldiernd the (lheliged likelihood of detection of ef Getection of fr Trind aud based on o bemed on eur ur approach. cproccit. I Lrragulantties rregularities a arizing rising fr from om find fraud are inherentl ere htigrantiy y more difficult to detect than those arising from error. Become Because of the inherent limitations of af the Giteren? "eitction ef an ox oncd?, audit, t Here here Ie is a risk a rich t the? hat w we e w will ill not detect a cot detec? afl ll irregularitie Inrogudiecitics, s, leaking including those leading to a m heen ieciting "2 ¢ actetiel aterial misstatement in the fi cim/ivtemect ky tre frepyco nancial statements or non ufuteonerte Gr cen -cospilerca -compliance w alts ith rrpuierien, regulation. T Tie his r pak isk increases the more that compliance orecges Ihe inerte thar complicnce w MtTl ith a law a lew or or regulation is remo regulation is Yeroand ved fr frcm om the rhe erent? events and transactions re ond frammction yertlete! flected is in the financial statements the Geemcicl ciepeeeris, , as we wi cs ee ll ll Ue be less lee [ety likely to become a ty bec Ce ware ef of Instonces instances of of non-complieeea. non-compliance. The risk is also greater regarding The rial la eteo grecter neperdiites ineequnrition irregularities occurring due to fraud ccusviag doo ty Imad tethe rather than ther oreer, error, as at fires fraud ineciee involves intentional concealment, lictentind comonimett, fo firgary. rgery, collucon, collusion, omission or enimion or misrepresentation. vatepreinetrtet A fu A fethes rther description o description of f our responsi cur responsldlivies bilities for the audit of the fv the cust of che f fancal inancial statements is located on the etetemenvain iccated on Phe Financial Reporting Council's website at: www.frc.orq.uk/auditorsresponsibilities. This description forms pest part of our Auditor's report. of aor Acetiter's reper. : 

## ite Use of our report of ey: cept 

Tha This report is made solely to the Charity's trustees, as a bod cepert le manie aclaip ty 'he Greetrys Prerfees, as a bey, y, in acc in soctrdonce ordance with Chapter wlth Geectee 3 3 of uf P Pot art 16 18 of of ths the Companies Comparten A Act ct 2004. 2006. Our audit work has been undertaken so Char ene! work Sag hears ander tel fo Het that we might state to the Charit met might etere te the dewity's y's trustees trustees those ma theoe fatiars tters we are re we axe soguired quired to state to them in an te eters fe There Le os A Ausiter’s uditor's r report eport and for no other purpose cna Haw ne othe parpewe. . To the Ty fie full filled? est extant? extent permi perscttted tted b by y la fos, w, w ee e do not acce do ne? cosept pt or assume responsi or anzeme respon b ality ility t te o an ampate yone other efter t Hier han tie the Charit Gterfty y and its trustees ane! (2 trustees, , as a body, os 6 beady, fo for r our audit work, for this report, or cue eutit sork, fer tls sepert, or fo for r t oe he opinions cpio w oe e ha lee ve formed. Kevin Hodgetts FCA (Senior Statutory Auditor) For for and on beh arvf eh Gefiall alf of Gaaguar Cooper Parry Group Limited Perey: Geaef Luwad Sraurory Statutory A Aaaifpor uditor Seby Cubo B Ornate: irmingham Op? 3rd Floor Fleece The Two Chamberlain Coca deriva Sq Square uare Birceing Birmingham crs $2 B3 3AX HAN bets Date 

i4 14 



BIRMINGHAM RATHBONE SOCIETY 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT 

|||Un restricted|Restricted|||
|---|---|---|---|---|---|
|||Funds|Funds|Total|Total|
||Notes|2024|2024|2024|2023|
|||£|£|£|£|
|Income:||||||
|Donations and legacies|3|209||209|552|
|Charitable Activities:||||||
|Housing and Supported Living|4|1,871,622||1,871,622|1,823,948|
|Investment income|5|42,279||42,279|20,021|
|Total Income||1,914,110||1,914,110|1,844,521|
|||aaa|eee.|eee.|eee.<br>oe|
|Expenditure on:||||||
|Raising Funds||||||
|Charitable Activities:||||||
|Housing and Supported Living||1,813,754||1,813,754|1,749,131|
|Crisis Support||||||
|Other grant||||||
|Total Expenditure|6|1,813,754||1,813,754|1,749,131|
|||TS]||||
|Net gains/losses on Investments||||||
|Net income/(expenditure)||100,356||100,356|95,390|
|Transfers between funds||||||
|Net Movement in Funds||100,356<br>1**0** ,356<br>95,390<br>ee<br>eee<br>ee<br>7||||
|||FEES<br>____—_ _—__ Ff||||
|Reconciliation of funds:||||||
|Total Funds Brought Forward||2,713,533|39,093|2,752,626|2,657,235|
|TOTAL FUNDS CARRIED FORWARD||2,813,889<br>39,093<br>2,852,982<br>2,752,625<br>een<br>eee||||



The statement of financial activities includes all gains and losses recognised in the year. For comparatives see Note 2. 

The Notes on pages 18 to 31 form part of these financial statements. 

15 



BIRMINGHAM RATHBONE SOCIETY 

## Company Reg no: 01887850 

|BALANCE SHEET AS AT 31 MARCH 2024||||
|---|---|---|---|
||Notes|2024|2023|
|||£|£|
|Non-current assets||||
|Tangible assets|1 1|632,160|655,748|
|Investments|12|4|4|
|Total Fixed Assets||632,164|655,752|
|Currentassets:||||
|Debtors|13|262,233|258,128|
|Cash at bank and in hand||2,078,168|1,997,748|
|Total Current Assets||2,340,401|2,255,876|
|Creditors:amounts falling due within one year|14|(119,584)|(159,002)|
|Net current assets||2,220,817|2,096,874|
|Total assets less current liabilities||2,852,982|2,752,626|
|Creditors: amounts falling due after more||||
|than one year||||
|Net Assets|21|2,852,982|2,752,626|
|Charity Funds:||||
|Unrestricted Funds|21|2,813,889|2,713,533|
|Restricted Income Funds|21|39,093|39,093|
|||2,852,982|2,752,626|



These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. 

The financial statements were approved by the Council of Management on ncd S@pl l4 and z orised 7 for L 7 alf by: %. James Larner Alastair Rae 

The Notes on pages 18 to 31 form part of these financial statements. 

16 



## BIRMINGHAM RATHBONE SOCIETY 

## CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

||Notes|2024|2023|
|---|---|---|---|
|||£|£|
|Cash flows from operating activities:||||
|Net cash provided by (used in) operating activities|22|69,118|23,037|
|Cash flows from investing activities:||||
|Dividends, interest and rents from investments||42,281|20,021|
|Proceeds from the sale of property, plant and equipment||||
|Purchase of property, plant and equipment||(30,977)|(34,117)|
|Net cash provided by (used in) investing activities||80,420|8,941|
|Cash flows from financing activities:||||
|Changeincash and cash equivalentsinthe year||||
|Cash and cash equivalents at 1 April||1,997,748|1,988,807|
|Cash and cash equivalents at 31 March||2,078,168|1,997,748|
|Cash and cash equivalents consists of||||
|Cash at Bank and in Hand at 31 March||2,078,168|1,997,748|



The Notes on pages 18 to 31 form part of these financial statements. 

17 



## BIRMINGHAM RA TH BONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 1 .  Accounting Policies 

## Basis of Accounting 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities S0RP (FRS 1 OZ) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 

The Charity has taken advantage of section 402 of the Companies Act 2006 and has not produced group accounts on the basis that both of its subsidiary companies are immaterial. 

The financial statements have been prepared under the historical cost convention on the going concern basis, which the Trustees consider to be appropriate in the context of the Charity's ability to meet its obligations as they fall due, in the period of twelve months following the date of approval of these financial statements. In this consideration, the Trustees have taken into account the Charity's asset position, the level and profile of its liabilities and the Charity's ability to determine the level of charitable services delivered. If the Charity were unable to continue to operate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise. 

18 



HIRCRMGHAA BIRMINGHAM RATHBONE SOCIETY RATRECHE SOcIeTY 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 WASTES TO THE FURAMCLAL STATEMENTS POM TH YEAR ENSUED 34 RCH ROSE 

## 1, 1 . ownaauttug Accounting Policies (Continued) Moliehes (Continual 

## Ravinteted Restricted Funds umes 

## Restricted Funds umes 

Restricted Funds are funds for which the donor has specifically restricted the purpose for whieh which they can be used. The amount remaining in the funds represents the monies still they cen be used. The amount remaining tn the funds represents te montes stil rennaning remaining for future expenditure, or funds represented by assets purchased partly or fully for tuture expenditure, or Gunds represented by amets punches! pertiy or fully from from restricted funds. restricted funds. 

Wien When a time-limited restriction on an asset has expired or been released or where funds = Gone-linited restriction on am waet hes eqpired or been rulessed or where funds nenstved received for restricted purposes are expended on the purchase of assets over which there is for restricted purpueas are eperied on the purchase of sasett over witich tRere ts no no further restriction the cost of the asset is shown as a transfer to the unrestricted funds. further restriction the cost of the amet is shown a: a trangler to the unrestricted fuundls. 

## Unrestricted Funds 

Unrestrictad Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the Funda are araiiable for use ut the discretion of the Trustees in furtieerance of the general objectives of the charity. 

## ineeewe Income 

All incoming resources are included in the Statement of Financial Activities (SoFA) when the Ail ircoming resources are included tn the Temtement of Finacial Activities (SOFA) whut the chwurtty charity is legally entitled to the income after any performance conditions have been met, the is legetly entitled to the imoome after any mecformance contitions hes heen mest, the aexest amount can be measured reliably and it is probable that the income will be received. can be monsured rellabiy and ft 's probedsle thet the iroorne will Se recetve:d. 

For For donations to be recognised the charity will have been notified of the amounts and the donations to hie recogninnd the charity wilt hewn heen motitied of the amearts and tho settlement date in writing. If there are conditions attached to the donation and this requires O a level of performance before entitlement can be obtained then income is deferred until level of porigemmeance before antitivnet can be obGatred hen incune ts deferred until hoon those conditions are fully met or the fulfilment of those conditions is within the control of the comittions sna fully met or the fulfilment of those conditions is within the control of the charity charity and it is probable that they will be fulfi am! % ts probalibe that they will be tulflled. ed. 

3M) All income is allocated to the general fund unless otherwise restricted by the donor. No ireerne ts alloceted te the ganere! fund untess oGhersrise restricted By the donor, Ho amount is included in the financial statements for volunteer time in line with the SORP (FRS {G2}. 102). Further detail is given in the Report of the Council. Further Gotatl + gies in the Report of the Gounctt. 

## Rrgprennitiauure Expenditure 

20 All expenditure is accounted for on an accruals basis and has been classified under headings expenditure is soccunted flor on an sccruals basis and has been Clzsstiled unter headings ttnt that aggregate all costs related to the category. Expenditure is recognised where there is a aggregate all costs related! ito thi catagory. Experuifiure fegal legal or constructive obligation to make payments to third parties, it is probable that the or constructive citigation to mee peqmments to third parties,2 recognisedft {2 proltaliwherethattere **t** heejs 2 settlement settlement wi will be required and the amount of the obligation can be measured reliably. be required anc the emcunt of the cbligntion can bn measured rediahity. 

19 19 



## BIRMINGHAM RA TH BONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 1 .  Accounting Policies (Continued) 

Charitable activities represent the costs incurred directly in providing the services of the Charity including direct staff and other direct costs. 

Support costs comprise central administration costs in support of the Charity's activities 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 Statement of Financial Activities in the year in which they are payable to the Scheme. 

## Operating Leases 

Rentals applicable to operating 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 (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating 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 addition 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 assets over their useful lives. The provision is calculated as follows: 

Office Equipment, Fixtures and Fittings; 20%-33% straight-line Motor Vehicles; 20% straight-line Freehold Buildings; 2 - 4% straight-line Leasehold Land and Buildings; evenly over the remaining lease period 

## Financial instruments 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

20 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 2. Prior Year Statement of Financial Activities 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds||
||Notes|Notes|||
|||2023|2023|2023|
|||£|£|£|
|Income:|||||
|Donations and legacies|3|552||552|
|Charitable Activities:|||||
|Housing and Supported Living|4|1,823,948||1,823,948|
|Investment income|5|20,021||20,021|
|||ee|eS|eS|
|Total Income||1,844,521||1,844,521|
|||ooo|—————_=<br>SSS_O_O——E|—————_=<br>_O_O——E|
|Expenditure on:|||||
|Charitable Activities:|||||
|Housing and Supported Living||1,749,130<br>oe|1,749,130<br>7.<br> ee||
|Total Expenditure|6|1,749,130||1,749,130|
|||———e<br>SSS|——_—_SS—_—SSS=_<br>OES SS ===||
|Net income/(expenditure)||95,391||95,391|
|Transfers between funds||7|:|=|
|||ee|COCO|COCO<br>OOOO|
|Net Movement in Funds||95,391||95,391|
|||—_—L_——SS|eee|EEE|
|Reconciliation of funds:|||||
|Total Funds Brought Forward||2,618,142|39,093|2,657,235|
|TOTAL FUNDS CARRIED FORWARD||2,713,533|39,093|2,752,626|



21 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

|3. Donations|3. Donations|2024|2023|
|---|---|---|---|
|||£|£|
||Unrestricted Donations|209|552|
||There were no donations from Trustees during the year (2023 £Nil).|||
|4.|4.Income from charitable activities|||
|||2024|2023|
|||£|£|
||Unrestricted Income:|||
||Housing and Supported Living:|||
||Birmingham City Council Supporting People/Vulnerable Adults|557,268|650,106|
||Income from Housing|592,255|546,551|
||Sandwell MBC/City of Birmingham|677,000|568,774|
||Social Care and Health|||
||Birmingham City Council ESF funded PURE project|45,099|58,517|
||Other income|||
|||1,871,622|1,823,948|
|5. Investment Income|5. Investment Income|2024|2023|
|||£|£|
||Bank Interest|42,279|20,021|



22 



BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 6. Expenditure on Charitable Activities 

||Direct|Other|Allocated|Total|Total|
|---|---|---|---|---|---|
||Staff|Direct|Support|||
||Costs|Costs|Costs|||
||2024|2024|2024|2024|2023|
||£|£|£|£|£|
|Charitable Activities:||||||
|Housing and Supported Living|887,954|720,115|205,685|1,813,754|1,749,130|
|Total Resources Expended|887,954<br>EE<br>EE|720,115<br>205,685<br>SO||1,813,754<br>oe|1,749,130|



Support costs are allocated to activities on the basis of full time equivalent staff numbers in each activity subject to available funding. 

Charitable Activies: Includes expenditure of £Nil (2023 £ Nil) from restricted funds. 

|7. Support Costs|2024|2023|
|---|---|---|
||£|£|
|Staff Costs (management, finance, IT, personnel,quality|159,770|163,797|
|and administration)|||
|Head Off ice Premises Costs|4,885|4,586|
|Administration and Overheads|30,216|39,681|
|Governance Fees|10,814|9,879|
||205,685|217,943|



23 



BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

|8.|Net Income|2024||2023|
|---|---|---|---|---|
|||£||£|
||Net Income is stated after charging:||||
||Depreciation of assets|54,564||50,761|
||Prof it on disposal of fixed assets||||
||Operating lease rentals:||||
||Hire of equipment||||
||Land and buildings|82,755||52,741|
||Auditors' remuneration:||||
||Audit services|10,775||9,875|
||Trustees' remuneration and expenses||||
|9.|Employees' Information||||
||The average numberand full time equivalentpersons|2024|2023||
||employed during the year was:|No<br>FTE|No|FTE|
||Housing and Supported Living|30<br>28|33|30<br>33|
||General Administration and Finance|4<br>3|4|3<br>4|
|||34<br>31|37|37<br>33|
||Staff Costs|2024||2023|
|||£||£|
||Wages and salaries|915,942||955,579|
||Social security costs|82,544||89,005|
||Employer's contribution to defined contribution pension schemes|49,238||52,949|
||Redundancy and termination costs|||29,375|
|||1,047,724|1,126,908||



24 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 10. Costs of Key Management Personnel 

|For employees earning over £60,000 per annum|||
|---|---|---|
|excluding pension contributions:|2024|2023|
||No|No|
|£70,001 - £80,000|1|1|
||2024|2023|
||£|£|
|Total amounts paid to Defined Contribution Schemes|5,032|5,032|
||2024|2023|
||No|No|
|Staff to whom retirement benefits are accruing|||
|under Defined Contribution Schemes|1|f|



None of the Trustees have been paid any remuneration, received expenses or received other benefits (2023: £Nil) 

The total employee benefits of the Charity's key management personnel, comprising the Trustees and the Senior Management Team, was £ 232,956 (2023: £228,814). 

25 



BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

|1 1 .  Tangible Fixed Assets|1 1 .  Tangible Fixed Assets|1 1 .  Tangible Fixed Assets|1 1 .  Tangible Fixed Assets|Office|||
|---|---|---|---|---|---|---|
|||||Equipment|Freehold||
|||||Fixtures|Land&||
|||||&Fittings|Buildings|Total|
|||||£|£|£|
||||Cost||||
||||At 1 April 2023|269,422|847,554|1,116,976|
||||Additions||30,977|30,977|
||||Disposals||||
||||At 31 March 2024|269,422|878,531|1,147,953|
||||Accumulated Depreciation||||
||||At 1 April 2023|237,274|223,954|461,228|
||||Charge for year|22,908|31,656|54,564|
||||Disposals||||
||||At 31 March 2024|260,182|255,610|515,792|
||||Net Book Value||||
||||At 31 March 2024|9,240<br>622,921<br>632,161<br>Ee<br>————————————————————ooee|||
||||At 31 March 2023|32,148|623,600|655,748|



26 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

|12. Investments|12. Investments||2024|2023|
|---|---|---|---|---|
||Investment in wholly owned Subsidiaries||£|£|
||Cost||||
||2 Ordinary shares in Rathbone Europe Limited||2|2|
||2 Ordinary shares in Rathbone West Midlands Ltd||2|2|
||||4|4|
||||eae|eae|
||Name|Activity of Subsidiary|Capital and Reserves|Capital and Reserves|
||||2024|2023|
||||£|£|
||Rathbone West Midlands Ltd|Dormant|2|2|
||||pS|pS|
||Rathbone Europe Limited|Dormant|2|2|
||||hee|Eee<br>eee|
|13. Debtors|13. Debtors||2024|2023|
||||£|£|
||Trade debtors||206,823|208,060|
||Prepayments||51,425|47,814|
||Other debtors||3,985|2,254|
||||262,233|258,128|
||||ESS|SSS|
|14. Creditors: amounts failing due within one year|14. Creditors: amounts failing due within one year||2024|2023|
||||£|£|
||Trade creditors||61,482|76,216|
||Other taxation & social security costs|Other taxation & social security costs|19,245|19,214|
||Accruals||37,206|49,481|
||Deferred Income (note 15)||1,651|14,091|
||||119,584|159,002|



27 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

|1 5 .  Deferred Income|1 5 .  Deferred Income|1 5 .  Deferred Income|1 5 .  Deferred Income|2024|2023|
|---|---|---|---|---|---|
|||||£|£|
||||At 1 April|14,091|16,588|
||||Income received and released during the financial year:|||
||||Rental Income|(2,833)|(1,397)|
||||Housing and Supportedliving|(2,494)|(2,027)|
||||Vulnerable Adults|(7,112)|927|
||||At 31 March|1,652|14,091|



## 16. Pension Scheme Commitments 

The Charity operates a defined contribution pension scheme. The assets of this scheme are invested separately from those of the Charity in independently administered funds. The overall scheme, being sponsored by Birmingham Rathbone Society, is based upon the Charity's undertaking to contribute 6.4% (2023: 6.4%) of qualifying employees' basic remuneration and the legal minimum under auto enrolment rules for other staff. The total amount of outstanding contributions at the year end was £5,256 (2023: £nil) 

## 17. Constitution 

The Charity is incorporated in England and Wales 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 is 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 objects. 

## 19. Related Parties 

During the year, the charity procured maintenance services from the spouse of a member of the charity's key management personnel. The total spend in this year was £28,125 (2023: £19,295) The procurement of these services is subject to the charities procurement procedures and overseen by the Board of Trustees, with the menber of key management personnel concerned removed from any decision making process regarding use of the supplier. 

28 



## BIRMINGHAM RATHBONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 20. Leases 

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

|||||2024|2023|
|---|---|---|---|---|---|
|||||£|£|
||Not later than one year|||82,547|82,755|
||Later than one and not later than five years|||118,427|3,750|
|||||200,974|86,505|
|21. Analysis of Funds|21. Analysis of Funds|Unrestricted|Restricted|Total|Total|
|||2024|2024|2024|2023|
|||£|£|£|£|
||Representation of Fund Balances|||||
||Non-Current assets|632,165||632,165|655,752|
||Cash at Bank andin Hand|2,039,075|39,093|2,078,168|1,997,748|
||Net Current Assets/ (liabilities)|142,649||142,649|99,126|
||Total Net Assets|2,813,889|39,093|2,852,982|2,752,626|



29 



## BIRMINGHAM RA TH BONE SOCIETY 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 

## 2 1 .  Analysis of Funds (continued) 

||1 April|Income|Expend-|Transfer|31 March|
|---|---|---|---|---|---|
||2023||iture|Funds|2024|
|RestrictedFunds:|£|£|£|£|£|
|Thursday Club|389||||389|
|Donations for Cromer Road|32,938|"7|a|=|32,938|
|Development||||||
|Umberslade Road Centre Funding|5,766||||5,766|
|Other sundry restricted donations||||||
|Total Restricted Funds|39,093||||39,093|
|Unrestricted Funds - general|1,963,533|1 , 9 1 4 , 1 1 0|(1,813,754)||2,063,889|
|Unrestricted Funds - designated|750,000||||750,000|
|Total Funds|2,752,626<br>1 , 9 1 4 , 1 1 0<br>(1,813,754)<br>eT|||2,852,982<br>EEE||



## Restricted Funds 

The Thursday Club fund is the remainder of a donation restricted to supporting a social club for people with learning difficulties and is expended on the costs of undertaking relevant social activities. 

The Umberslade Road Centre fund consists of monies for improvements and equipment relating to town gardens and for the work previously undertaken at the Charity's Umberslade Road Garden Centre. 

Donations for Cromer Road development were restricted for specific renovations at the Charity's former leasehold learning centre. 

## Unrestricted Funds 

The trustees have designated £750,000 for the purchase of properties 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 2024 

## 22. Reconciliation of net income/(expenditure) to net cash flow from operating activities 

||2024|2023|
|---|---|---|
||£|£|
|Net income/ (expenditure) for the reporting period|100,356|95,391|
|(as per the statement of financial activities)|||
|Adjustments for:|||
|Depreciation charges|54,564|50,761|
|Dividends, interest and rents from investments|(42,279)|(20,021)|
|(lncrease)/Decrease in debtors|(4,105)|(121,743)|
|Increase/ (Decrease) in creditors|(39,418)|18,648|
|Net cash providedby(used in) operating activities|69,118|23,036|



31