Rogers Stirk Harbour + Partners Charitab - Charities report - 20.2

REGISTERED COMPANY NUMBER: 02548804

REGISTERED CHARITY NUMBER: 1000796

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 June 2020

for

ROGERS STIRK HARBOUR + PARTNERS

CHARITABLE FOUNDATION LIMITED

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

Trustees

D P H Burgess Chair of trustees

Ms A O H Gale Independent trustee

S Light Partner trustee (resigned 9/6/2020)

Ms K J Darlington Staff trustee

Registered office

Level 14

The Leadenhall Building

122 Leadenhall Street

London

EC3V 4AB

Registered company number

02548804

Registered charity number

1000796

The company is limited by guarantee. None of the directors have beneficial interests. All of the directors (also known

as Trustees) are members of the Council of Management, and there are no other members.

The directors and Council of Management present their report and financial statements for the year ended 30 June

2020.

Key management personnel

Trustees

D P H Burgess (Chair of trustees)

Ms K J Darlington (Staff trustee) (appointed 1/11/2019)

Hon. Mrs A O H Gale (Independent trustee)

S Light (Partner trustee)

Objectives and activities

Objectives and aims

To promote the advancement of education and learning and dissemination of knowledge for the benefit of the Public in

relation to the art and science of architecture by the making of grants for research and training, the establishment of

collections and drawings, papers books and works of art, the establishment and maintenance of art galleries, lecture

and exhibition facilities, museums, libraries, research centres and similar facilities.

Generally to promote the advancement of education and learning and the dissemination of knowledge through teaching

research and the making of grants to institutions or individuals.

To promote the welfare, and research into such welfare, of persons who are suffering from mental or physical illness of

whatever kind or of old infirm sick or wounded persons or other persons in conditions of need, hardship and distress

requiring assistance.

Public benefit

The Council of Management confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to

have due regard to the Charity Commission's general guidance on public benefit Charities and Public Benefit.

Grantmaking

The charity receives an annual dividend from Rogers Stirk Harbour + Partners (Holdings) Limited, which under the

Constitution of that company and its group and at the discretion of the Council of Management, is to be distributed to

registered charities guided by the expressed wishes of the employees of that company and its group. Any surpluses are

distributed at the discretion of the Council of Management.

Achievement and performance

The charity's dividend receivable for the year was £nil. Roger Stirk Harbour + Partners staff, partners and the Council

of Management nominated donations to registered charities totalling £169,237 (2019: £467,878) in the year.

Financial review

The Council of Management are satisfied with the financial position of the charity.

Reserves at the year-end were at a level of £822,194 of which £706,470 was, at the discretion of the Council of

Management, to be distributed to registered charities guided by the expressed wishes of the employees and partners of

Rogers Stirk Harbour + Partners (Holdings) Limited and its group. The balance of £115,724 was available for

discretionary distribution by the Council of Management in accordance with the wishes expressed at the charity’s

Annual General Meeting.

Structure, governance and management

The company is registered as a charitable company limited by guarantee and was set up by a Trust deed on 16

October 1990.

The Articles of the company require that there be no less than three and no more than five trustees, including a director

of Rogers Stirk Harbour + Partners (Holdings) Limited, a representative of the employees and a minimum of one

trustee not connected with Rogers Stirk Harbour + Partners (Holdings) Limited or its group, and the charity is in

compliance.

The Council of Management has assessed the major risks to which the charity is exposed, and are satisfied that

systems are in place to mitigate exposure to them.

This report has been prepared in accordance with the special provisions of Part 15 of Companies Act 2006 relating to

small companies.

Approved by order of the board of trustees on 10 September 2020 and signed on its behalf by:

D P H Burgess - Trustee

2020

2019

Unrestricted

funds

Total funds

Notes

£

£

Expenditure on

Charitable activities

2

Charitable donations

182,882

480,372

NET INCOME/(EXPENDITURE)

(182,882

)

(480,372

)

Reconciliation of funds

Total funds brought forward

1,005,076

1,485,448

Total funds carried forward

822,194

1,005,076

2020

2019

Unrestricted

funds

Total funds

Notes

£

£

Fixed assets

Investments

6

2

2

Current assets

Debtors

7

543,170

543,170

Cash at bank

382,678

597,455

925,848

1,140,625

Creditors

Amounts falling due within one year

8

(103,656

)

(135,551

)

Net current assets

822,192

1,005,074

Total assets less current liabilities

822,194

1,005,076

NET ASSETS

822,194

1,005,076

Funds

9

Unrestricted funds:

General fund

115,724

129,369

RSH+P Partners

453,802

622,039

RSH+P Staff

252,668

253,668

822,194

1,005,076

Total funds

822,194

1,005,076

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2020 and were signed on its behalf by:

D P H Burgess - Trustee

1.	Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost

convention, with the exception of investments which are included at market value.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these

financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and

Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the

charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and

the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and

has been classified under headings that aggregate all cost related to the category. Where costs cannot be

directly attributed to particular headings they have been allocated to activities on a basis consistent with the use

of resources.

Fund accounting

The RSH+ P Partners fund comprises a proportion of the income from Rogers Stirk Harbour + Partners which

is set aside each year for charitable donations instigated by individual partners or collectively.

The RSH+ P Staff fund comprises a proportion of the income from Rogers Stirk Harbour + Partners which is set

aside for charitable donations instigated by individual practice staff.

Unrestricted general funds are available for use at the discretion of the Council of Management in furtherance

of the general objectives of the charity and to pay towards the cost of administration. If a member of staff or

partner leaves the practice without completing an expression of wish in respect of any allocated funds, the

funds are transferred to the general fund.

2.	Charitable activities costs

Support

Direct

costs (see

Costs

note 3)

Totals

£

£

£

Charitable donations

169,237

13,645

182,882

3.	Support costs

Governance

Finance

costs

Totals

£

£

£

Charitable donations

12

13,633

13,645

4.	Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Auditors' remuneration

6,000

6,000

Auditors' remuneration for non audit work

7,633

6,394

5.	Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 30 June 2020 nor for the year ended

30 June 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2019 nor for the year ended 30 June 2018.

6.	Fixed asset investments

Shares in

group

undertakings

£

Market value

At 1 July 2019 and 30 June 2020

2

Net book value

At 30 June 2020

2

At 30 June 2019

2

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Subsidiary

Thames Wharf Management Services Limited

Registered office:

Nature of business: Being struck off

%

Class of share:

holding

Ordinary

99

Associated company

Rogers Stirk Harbour + Partners (Holdings) Limited

Registered office:

%

Class of share:

holding

Preference

100

The preference shares in Rogers Stirk Harbour + Partners (Holdings) Limited are an inalienable asset of the

charity. It is impractical to attribute a market value to these shares, which are accordingly included at a nominal

value only. The shares were gifted to the charity and accordingly also have a £ Nil cost.

These shares carry full winding up rights in the event that Rogers Stirk Harbour + Partners (Holdings) Limited is

liquidated. Under the group's constitution, in such a situation ownership of the practice's archives would also

pass to the charity.

7.	Debtors: amounts falling due within one year

2020

2019

£

£

Other debtors

543,170

543,170

8.	Creditors: amounts falling due within one year

2020

2019

£

£

Other creditors

103,656

135,551

9.	Movement in funds

Net

movement

At 1/7/19

in funds

At 30/6/20

£

£

£

Unrestricted funds

General fund

129,369

(13,645

)

115,724

RSH+P Partners

622,039

(168,237

)

453,802

RSH+P Staff

253,668

(1,000

)

252,668

1,005,076

(182,882

)

822,194

TOTAL FUNDS

1,005,076

(182,882

)

822,194

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(13,645

)

(13,645

)

RSH+P Partners

-

(168,237

)

(168,237

)

RSH+P Staff

-

(1,000

)

(1,000

)

-

(182,882

)

(182,882

)

TOTAL FUNDS

-

(182,882

)

(182,882

)

Comparatives for movement in funds

Net

Transfers

movement

between

At 1/7/18

in funds

funds

At 30/6/19

£

£

£

£

Unrestricted funds

General fund

146,432

(12,763

)

(4,300

)

129,369

RSH+P Partners

779,700

(157,661

)

-

622,039

RSH+P Staff

559,316

(309,948

)

4,300

253,668

1,485,448

(480,372

)

-

1,005,076

TOTAL FUNDS

1,485,448

(480,372

)

-

1,005,076

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(12,763

)

(12,763

)

RSH+P Partners

-

(157,661

)

(157,661

)

RSH+P Staff

-

(309,948

)

(309,948

)

-

(480,372

)

(480,372

)

TOTAL FUNDS

-

(480,372

)

(480,372

)

10.	Related party disclosures

There were no related party transactions for the year ended 30 June 2020.