2025-03-31-accounts

BIRMINGHAM RATHBONE SOCIETY

Birmingham

Company Reg. No: 01887850

BIRMINGHAM RATHBONE SOCIETY (COMPANY LIMITED BY GUARANTEE) REPORT OF THE COUNCIL

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

BIRMINGHAM RATHBONE SOCIETY

CONTENTS

Report of Council (including Strategic Report)	1-11
Independent Auditor's Report	12 - 16
Statement of Financial Activities	17
Balance Sheet	18
Cash Flow Statement	19
NotestotheAccounts	20-32

BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also directors of the charitable company (the Charity) for the purposes of the Companies Act 2006, submit the Annual Report and the audited financial statements for the year ended 31 March 2025.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 financial statements of the Charity.

Reference and Administrative details

Charity Number: 516557 Company Number: 01887850 Principal and Registered Office: Morcom House, Ledsam Street Ladywood Birmingham B16 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 Council of Management: or the Council.

The Trustees serving during the year and since the year end were as follows:

Chair: Ruby Stone (appointed Chair on 25/11/2024) James Larner FCA (resigned as Chair on 25/11/2024) Honorary Treasurer: Dr Alastair Rae (resigned 28/10/2024) James Larner FCA (appointed to role on 28/10/2024)

Other Trustees: Dalbir Johal

Angela Mitchell (appointed 02/09/2024) Mohammed Akhtar (appointed 01/02/2025) Honorary President: Sir John Crabtree OBE, Lord Lieutenant, West Midlands

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BIRMINGHAM RATHONE SOCIETY

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

Chief Executive:	Chris Bates BA,MA
Director of Financeand Administration:	Vaani Nirantharakumar (until February 2025)
	Sanja Kalik (from May 2025)
Company Secretary:	Vaani Nirantharakumar (resigned 30June2025)
	Sanja Kalik (appointed 30 June 2025)
Auditor:	Cooper ParryGroup Limited Cubo Birmingham
	4th Floor
	Two Chamberlain Square
	Birmingham
	B33AX

Bankers:	Current	Account	Unity Trust Bank plc
			Nine Brindley Place
			4 Oozells Square
			Birmingham
			B1 2HB
Bankers:	Savings	Accounts	Aldermore Bank plc
			1st Floor, Block B, Western
			House Lynch Wood
			Peterborough, PE2 6FZ
			Nationwide Building Society
			Kings Park Road
			Moulton Park Northampton
			NN36NW

Website:

www.rathbone.co.uk

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BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

Structure, Governance and Management

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 2025 there were 24 members (27 in 2024), each of whom agrees to contribute £1 in the event of the Charity winding up.

Appointment of Trustees

As set out in the Articles of Association potential Trustees must be recommended by the Trustees or proposed by a member qualified to vote at any general meeting. New Trustees are appointed at a general meeting unless to fill a casual vacancy where the office will only be held until the following annual general meeting when he or she will be eligible for re-election. At each annual general meeting one third of the Trustees must retire from office but will be eligible for re-election.

The Council appoints a Chair, Vice-Chair and Treasurer. The office holder must stand down at the end of every two-year period but may offer themselves for re-election. No officer may be re- appointed for more than ten years in aggregate. The role of Vice-Chair is currently vacant.

Trustee Induction and Training

New Trustees undergo an induction 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 plan and recent financial performance of the Charity. During the induction 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 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.

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

A Chief Executive is appointed by the Trustees to manage 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, for all operational matters across the organisation.

In accordance with the Charity's Articles of Association the Council of Management also appoints a Secretary, which is not an honorary position. No member of the Council may occupy the salaried position of Secretary.

Remuneration of Senior Management Team

The Charity has a written Salary Review Policy and a longstanding salary grading structure covering all roles across the organisation which was originally set by the Remuneration Sub-Committee and ratified by the Council of Management. The Council of Management reviews staff salaries annually, considering all relevant factors including the current economic climate and the nature of the organisations contracts, to determine any annual salary percentage increase. Annual pay awards have the effect of adjusting all the grades and pay points on the Birmingham Rathbone Salary Scale and any rate increase is applied consistently across all employees of all staff grades including those of the Senior Management Team.

Risk Management

The Trustees have a risk management strategy which comprises:

• e anannual review of the risks the Charity may face; © the establishment of systems and procedures to mitigate those risks identified in the review: and e the implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise.

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

• e health and safety of staff and clients generally;

• e risks in relation to safeguarding young people and vulnerable adults;

• e uncertainty regarding changes in public policy and the potential impact on public spending:

• e ensuring that external quality requirements are met:

• e ensuring that contract requirements are met.

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

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 safeguarding training for all staff and volunteers. Where possible trustees, staff and volunteers register with DBS Update, which provides an annually updated certificate. The organisations representatives attend the Birmingham Safeguarding Adults Board meetings.

The Charity maintains sufficient 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.

Objectives, Strategies, 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 difficulties they either experience or have experienced. These difficulties will have usually caused them to attend schools for children with special educational needs or special classes within mainstream schools.

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

Birmingham Rathbone believes that:

• e all people are of equal worth; e everyone can learn;

• e everyone should have equal access to education, training, employment, accommodation, health, leisure and community facilities; and

• e 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 difficulties to achieve their full potential as follows:

• e to identify and advocate for the provision of a range of services to enhance the quality of life for people with learning difficulties;

• e to protect and safeguard clients;

• e to promote and conduct relevant research; e to provide information and advice for parents, professionals, members, volunteers and a concerned general public;

• e to provide and innovate services to meet identified needs; and

• e to evaluate the effectiveness of services and, by disseminating the findings, extend knowledge and improve practice.

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

The Charity's strategies for achieving its main objectives are:

• ¢ to form partnerships with a range of relevant organisations; ¢ to develop and maintain relationships with key statutory agencies; e to offer flexible solutions to funders ensuring our provision meets the needs of our clients, funders and inspection regimes;

• e to engage with the corporate sector for partnership, sponsorship, secondment and funding opportunities:

• e to form and support service user constituency groups for consultation and support in their chosen activities;

• e to expand provision taking account of demographic changes.

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 ina variety of accommodation settings. The Charity delivers a contract on behalf of Birmingham City Council (PURE) through UKSPF funding secured from the Regional Mayor's office until the end of March 2026. 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 inall five areas of:

• e Assessment and Support Planning e Security, Health and Safety © Safeguarding and Protection from Abuse e Fair Access, Diversity and Inclusion e 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 2024.

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BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

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.

Strategic Report

Achievements and Performance

During the year we:

• e continued to deliver the PURE contract on behalf of the City Council;

• e won anew Home Care Service Framework Agreement with the City Council (5 years to 2029, extendable to 2031;

• e continued to deliver a service under the Supported Living Flexible Contract with the City Council (5 years to 2028, extendable to 2030);

• e continued to deliver the Vulnerable Adults (accommodation with support for adults with learning disabilities or autism) contract with Birmingham City Council (5 years to 2027, extendable to 2029);

• e applied for Additional HMO licences for all eligible properties, under a new requirement of the City Council;

• e continued to seek appropriate properties for purchase;

• e carried out a programme of improvement to all our properties;

• e achieved renewed Matrix standard accreditation through a full review in June 2024

• e continued to upgrade our IT infrastructure, replacing the staff laptops and mobile phones; e continued to improve our measures for data protection, successfully completing the DSPT; e continued to develop the skills base of our staff through formal training qualifications and apprenticeships;

• e continued to develop our commitment to service user involvement through surveys and feedback; e continued to develop and maintain relationships with key statutory agencies and funders (e.g. Birmingham City Council; and strategy groups (e.g. the Birmingham Homelessness Partnership Board);

• e continued to improve the environment through a reduction of our carbon footprint; and ° operating to a very high standard of infection control and successfully protecting clients and staff from infection.

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BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

The Charity measures its success by various criteria, including:

• e annual surveys from all clients accessing our services, e regular client forums encouraging feedback and dialogue: e regular monitoring of incidents, accidents, safeguarding, complaints and compliments at management meetings, and reporting on the same at Trustee Board;

• e monitoring achievements and financial performance against prescribed outcomes set by funders; e monitoring achievements and progress against our Business Plan and KPIs; © anannual anonymous staff feedback survey; © self-assessment returns including reports to CQC and to Birmingham City Council: e external quality checks and accreditations e.g. CQC (Good), Vulnerable People (Excellent), Supported Living (Good), Home Support (Good), Matrix Standard for Information, Advice and Guidance, Investors in People accreditation and Disability Confident Employer (DWP).

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Financial review

Overall, the Charity produced a surplus of £133,466 for the year ended 31 March 2025. This is a result of increased income generation across Home Care, Supported Living, PURE, rental properties and cash deposits coupled with controlled staff costs and prudent financial management, despite high agency and operating lease costs. The organisation continued to deliver Housing and Supported Living Services and produced a total unrestricted reserve of £2,947,355 as shown in the SOFA.

Principal funding sources

The Charity's principal funding continued to be derived from Birmingham City Council and Sandwell 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 UKSPF through the Regional Mayor, assists vulnerable Birmingham residents into employment, education or training using a range of coordinated interventions to help overcome barriers into the employment market.

Public benefit

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.

Fundraising

The Charity does not employ any external fundraisers and complies with the Fundraising Regulator's voluntary regulation scheme.

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BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

Plans for the Future

In the forthcoming year the Charity's key objectives are to:

• e ensure safe working practices for the protection of clients and staff;

• e expand supported housing services and home care through developing and delivering our contracts and the Framework Agreement:

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

• e successfully deliver our part of the PURE UKSPF project:

• e continue to meet the National Information, Advice and Guidance Standards and IiP standards; e continue to support and develop our staff;

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

• © continue to achieve compliance with the Data Security and Protection Toolkit standards; e continue to extend and deepen our range of partnerships;

• e work to extend our delivery to include a wider range of opportunities for people with learning difficulties;

• e continue to develop and maintain relationships with relevant statutory agencies and funders, including Birmingham City Council, to remain a key supplier of services; and

• e purchase/source new properties to increase our available accommodation to support independent living for people with learning difficulties and disabilities.

Reserves Policy

The Charity is constantly reviewing its cost base and implementing efficiencies with a view to maintaining liquid reserves. The Charity's Trustees decided the minimum free reserves requirement should be the equivalent of six months’ expenditure. The Charity's free reserves as at 31 March 2025 were £1,571,120 (2024: £1,431,728). The free reserves are equivalent to 10 months annual expenditure at current levels. In addition to the free reserves £750,000 has been designated by the trustees for further property purchase and £30,000 has been designated for business digital development.

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

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business.

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BIRMINGHAM RATHONE SOCIETY

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REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

Related party transactions

During the year, the charity procured some maintenance services from the spouse of a member of the charity's key management personnel. The total spend in year was £18,138 (2024: £ 28,125). The procurement of these services is subject to the charity's procurement procedures and overseen by the Board of Trustees, with the member of key management personnel concerned removed from any decisionmaking processes regarding the use of the supplier.

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 e 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.

Coopers Parry Group Ltd were reappointed at the Annual General Meeting in October 2024.

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 8 September 2025 and signed on their behalf by:

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Chairman: Wes.a7 AE = Ruby Stone
Treasurer: 0 /eye James Larner
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BIRMINGHAM RATHONE SOCIETY

REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2025

Statement of trustees’ responsibilities

The Trustees (who are also the directors of the Company for the purpose of the Company law) are responsible for preparing the Report of the Council including Strategic Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting 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 give a true and fair view of the state of affairs of the Company and of the incoming resources and application of resources, including the net income or expenditure, of the Company for the year. In preparing those financial statements the Trustees are required to:

• e select suitable accounting policies and then apply them consistently;

• e observe the methods and principles in the Charities SORP (FRS 102); e make judgments and estimates that are reasonable and prudent;

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

• e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the Company assets and hence for taking reasonable steps for the prevent and detect fraud and other irregularities.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Birmingham Rathbone Society (the ‘charity') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• e give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2025

Other information

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 otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

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

• e the information given in the Trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements.

• e the Trustees’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report.

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

• e adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• e the financial statements are not in agreement with the accounting records and returns; or

• e certain disclosures of Trustees’ remuneration specified by law are not made; or e wehave not received all the information and explanations we require for our audit; or e the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the Trustees’ report and from the requirement to prepare a Strategic report.

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BIRMINGHAM RATHBONE SOCIETY

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SOCIETY FOR THE YEAR ENDED MARCH 2025

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Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or fo cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements

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

Our assessment focused on key laws and regulations the College has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery and employment legislation. We are not responsible for preventing irregularities, including fraud. Our approach to detecting irregularities, including fraud, included, but was not limited to, the following:

• e obtaining an understanding of the legal and regulatory framework applicable to the Charity and how the Charity is complying with that framework, including agreement of financial statement disclosures to underlying documentation and other evidence;

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BIRMINGHAM RATHBONE SOCIETY

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2025

• e obtaining an understanding of the Charity's control environment and how the Charity has applied relevant contro! procedures, through discussions with Trustees and other management and by performing walkthrough testing over key areas;

• e obtaining an understanding of the Charity's risk assessment process, including the risk of fraud;

• e reviewing meeting minutes of those charged with governance throughout the year; and e performing audit testing to address the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection of fraud based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM RATHBONE SOCIETY FOR THE YEAR ENDED 31 MARCH 2025

Use of our report

This report is made solely to the Charity's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them inan Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

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Nichola Venables (Senior Statutory Auditor) for and on behalf of Cooper Parry Group Limited Statutory Auditor Cubo Birmingham 4th Floor Two Chamberlain Square Birmingham B3 3AX

Date: 22 September 2025

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BIRMINGHAM RATHBONE SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

			Restricted
		Funds	Funds	Total	Total
	Notes	2025	2025	2025	2024
		£	£	£	£
Income:
Donations and legacies	2	16	-	16	209
Charitable Activities:
Housing and Supported Living	3	2,034,201	-	2,034,201	1,871,622
Investment income	4	50,371	-	50,371	42,279
Total Income		2,084,588	-	2,084,588	1,914,110
Expenditure on:
Charitable Activities:
Housing and Supported Living		1,951,122	-	1,951,122	1,813,754
Total Expenditure	5	1,951,122	-	1,951,122	1,813,754
Netgains/losses on Investments		-	-	-	-
Net income/(expenditure)		133,466	-	133,466	100,356
Transfers between funds		-	-	-	-
Net Movement in Funds		133,466	-	133,466	100,356
Reconciliation of funds:
Total Funds Brought Forward		2,813,889	39,093	2,852,982	2,752,626
TOTALFUNDSCARRIEDFORWARD		2,947,355	39,093	2,986,448	2,852,982

The statement of financial activities includes all gains and losses recognised in the year.

The Notes on pages 20 to 32 form part of these financial statements.

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BALANCE SHEET AT AT 31 MARCH 2025

	Notes	2025	2024
		£	£
Non-current assets
Tangible assets	10	596,235	632,160
Investments	11	4	4
Total Fixed Assets		596,239	632,164
Current assets:
Debtors	12	346,831	262,233
Cash at bank and in hand		2,130,422	2,078,168
Total Current Assets		2,477,253	2,340,401
Creditors: amounts falling due within oneyear	13	(87,044)	(119,584)
Netcurrent assets		2,390,209	2,220,817
Total assets less current liabilities		2,986,448	2,852,982
Creditors: amounts falling due after more
than one year		=	-
Net Assets	20	2,986,448	2,852,982
Charity Funds:
Unrestricted Funds	20	2,947,355	2,813,889
Restricted Income Funds	20	39,093	39,093
		2,986,448	2,852,982

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 8 September 2025 and authorised for issue and signed on their behalf by:

Chairman: ia HEEa ea ne. =Preasurer: ee WY JOR cc cvsarn Ruby Stone Jarfes Larner

The Notes on pages 20 to 32 form part of these financial statements.

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BIRMINGHAM RATHBONE SOCIETY

CASH FLOW STATEMENTS FOR THE YEAR ENDED MARCH 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Notes|2025|2024| |£|£| |Cash|flows|from|operating|activities:| |Net|cash|provided|by (used|in)|operating|activities|21|7,325|69,118| |Cash|flows|from|investing|activities:| |Dividends,|interest|and|rents|from|investments|50,371|42,281| |Purchase|of|property,|plant and|equipment|(5,442)|(30,977)| |Net|cash|provided|by (used|in)|investing|activities|52,254|80,420| |Cash|flows|from|financing|activities:| |Change|in|cash|and|cash|equivalents|in|the|year| |Cash and|cash|equivalents|at|1|April|2,078,168|1,997,748| |Cash|and|cash|equivalents|at|31|March|2,130,422|2,078,168| |Cash|and|cash|equivalents|consists|of| |Cash at|Bank|and|in|Hand|at|31|March|2,130,422|2,078,168|

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The Notes on pages 20 to 32 form part of these financial statements.

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BIRMINGHAM RATHBONE SOCIETY

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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 SORP (FRS 102) ‘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.

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BIRMINGHAM RATHBONE SOCIETY

1. Accounting Policies (Continued)

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 monies still remaining for future expenditure, or funds represented by assets purchased partly or fully from restricted funds.

When a time-limited restriction 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 is shown as a transfer to the unrestricted funds.

Unrestricted 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 (SoFA) when the charity is legally entitled 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 writing. 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 otherwise restricted by the donor. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Report of the Council.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation 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.

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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 Freehold Buildings; 2 - 4% straight-line

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.

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2.	Donations	2025	2024
		£	£
	Unrestricted Donations	16	209
	There were no donations from Trustees during the year (2024:	£ENil).
3.	Income from charitable activities
		2025	2024
		£	£
	Unrestricted Income:
	Housing and Supported Living:
	Birmingham City Council Supporting People/Vulnerable Adults	506 431	557,268
	Income from Housing	646,242	592,255
	Sandwell MBC/City of Birmingham	727 666	677,000
	Social Care and Health
	Birmingham City Council ESF funded PURE project	153,862	45,099
	Other income
		2,034,201	1,871,622
4.	Investment Income	2025	2024
		£	£
	BankInterest	50,371	42,279

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BIRMINGHAM RATHBONE SOCIETY

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5.	Expenditure on Charitable	Activities
		Direct	Other	Allocated	Total	Total
		Staff	Direct	Support
		Costs	Costs	Costs
		2025	2025	2025	2025	2024
		£	£	£	£	£
Charitable Activities:
	Housing and Supported Living	940,831	816,471	193,820	1,951,122	1,813,754
TotalResourcesExpended		940,831	816,471	193,820	1,951,122	1,813,754

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 ENil (2024: £ Nil) from restricted funds.

6. Support Costs	2025	2024
	£	£
Staff Costs (management, finance, IT, personnel, quality	162,270	159,770
and administration)
Head Office Premises Costs	4,899	4,885
Administration and Overheads	15,576	30,216
Governance Fees	11,075	10,814
	193,820	205,685

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7.	Net Income		2025		2024
			£		£
	NetIncome is stated after charging:
	Depreciation of assets		41,368		54564
	Operating lease rentals:
	Land and buildings	82,547			82,755
	Auditors’ remuneration:
	Audit services		13,290		10,775
	Trustees’ remuneration and expenses		-		-
8.	Employees’ Information
	The average number and full time equivalent persons	2025		2024
	employed during the year was:	No	FTE	No	FTE
	Housing and Supported Living	31	27	~—-30	28
	General Administration and Finance	4	3	4	3
		35	30	= 334	31
	Staff Costs		2025		2024
			£		£
	Wages and salaries	963,152			915,942
	Social security costs	88,490			82,544
	Employer's contribution to defined contribution pension schemes		51,460		49 238
		1,103,102		1,047,724

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Costs of Key Management Personnel

For employees earning over £60,000 per annum
excluding pension contributions:	2025	2024
	No	No
£60,001 - £70,000	1	-
£70,001-£80,000	1	1

None of the Trustees have been paid any remuneration, received expenses or received other benefits (2024: £Nil).

The total employee benefits of the Charity's key management personnel, comprising the Trustees and the Senior Management Team, was £ 234,099 (2024: £232,956).

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10.	Tangible Fixed Assets	Office
		Equipment	Freehold
		Fixtures	Land &
		& Fittings	Buildings	Total
		=	£	£
	Cost
	At1 April 2024	269 422	878,531	1,147,953
	Additions	5 442		5,442
	Disposals	-	-	-
	At 31 March 2025	274,864	878,531	1,153,395
	Accumulated Depreciation
	At1 April 2024	260,182	255,610	515,792
	Charge for year	9,712	31,656	41,368
	Disposals	-	-	-
	At 31 March 2025	269,894	287 ,266	557,160
	Net Book Value
	At 31 March 2025	4,970	591,265	596,235
	At31March2024	9,240	622,921	632,161

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BIRMINGHAM RATHBONE SOCIETY

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11.	Investments			2025	2024
	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
				Se2
	Name	Activity of Subsidiary		Capital and	Reserves
				2025	2024
				£	£
	Rathbone West Midlands Ltd		Dormant	2	2
	Rathbone Europe Limited		Dormant	2	2
12.	Debtors			2025	2024
				£	£
	Trade debtors			300,663	206 823
	Prepayments			42,732	51,425
	Other debtors			3,436	3,985
				346,831	262,233
13.	Creditors: amounts falling due within one year			2025	2024
				£	£
	Trade creditors			55,546	61,482
	Other taxation & social security costs			20,267	19245
	Accruals			10,826	37,206
	Deferred Income (note 14)			405	1,651
				87044	119,584

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14.	Deferred Income	2025	2024
		£	£
	At 1 April	1,652	14,091
	Income received and released during the financial year:
	Rental Income	-	(2,833)
	Housing and Supported living	-	(2,494)
	Vulnerable Adults	(1,246)	(7,112)
	At31March	406	1,652

15. 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% (2024: 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 £nil (2024: £5,256).

16. 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.

17. 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.

18. 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 £18,318 (2024: £28,125) The procurement of these services is subject to the charity's 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.

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19, Leases

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

				2025	2024
				£	£
	Not later than one year			84,238	82,547
	Later than one and not later than five	years		35,880	118,427
				120,118	200,974
20.	Analysis of Funds	Unrestricted	Restricted	Total	Total
		2025	2025	2025	2024
		£	£	£	£
	Representation of Fund Balances
	Non-Current assets	596,235	-	596 235	632,165
	Cash at Bank and in Hand	2,091,329	39,093	2,130,422	2,078,168
	NetCurrentAssets/(liabilities)	259,791	-	259,791	142,649
	TotalNetAssets	2,947,355	39,093	2,986,448	2,852,982

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Analysis of Funds (continued)

	1 April	Income	Expend-	Transfer	31 March
	2024		iture	Funds	2025
Restricted Funds:	£	£	£	£	£
Thursday Club	389	-	-	-	389
Donations for Cromer Road	32,938	-	-	-	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	2,063,889	2,084,588	(1,951,122)	(30,000)	2,167,355
Unrestricted Funds - designated	750,000	-	-	-	750,000
property fund
Unrestricted Funds - designated	-	-	-	30,000	30,000
business digital development fund
TotalFunds	2,852,982	2,084,588	(1,951,122)	-	2,986,448

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.

The trustees have designated £30,000 for business digital development.

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BIRMINGHAM RATHBONE SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Net|income/(expenditure)|for|the|reporting|period|133,466|100,356| |(as|per|the|statement of|financial|activities)| |Adjustments|for:| |Depreciation|charges|41,368|54,564| |Dividends,|interest and|rents|from|investments|(50,371)|(42,279)| |(Increase)/Decrease|in|debtors|(84,598)|(4,105)| |Increase/(Decrease)|in|creditors|(32,540)|(39,418)| |Net|cash|provided|by (used|in)|operating|activities|7,325|69,118|

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22. Agency arrangements

The charity undertakes a managerial support role at four properties managed under housing agreements. Under these arrangements, the charity has collected and paid out £81,542 (2024: £87 248).

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