Annual Review 2011/12 - Royal Masonic Benevolent Institution

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Excellent financial results in a difficult financial environment Treasurer's report I am pleased to report that the RMBI delivered excellent financial results during 2011-12 in a very difficult financial environment. The operating efficiency of our Homes improved, charity income increased substantially, and our capital improvement and maintenance programme continued as planned. “ The staff and residents make a happy and caring environment. One has ‘space to be alone’ if you wish it but companionship is always available.” A resident at Zetland Court, Bournemouth Our Homes performed well as our investments in property, systems and training began to bear fruit. Despite receiving no increase in funding from local authorities and primary care trusts, RMBI fee income was up by £1.3 million (4%) as we increased the number of rooms available and maintained high occupancy levels. The Homes’ operating costs decreased significantly due to our efforts to improve staff planning and scheduling. This not only saves money, but also results in more consistent and high-quality care for our residents. Total income rose to £40.4 million in 2011-12, an increase of 6%. In particular, there was a significant increase in legacy income totalling £4.4 million. Donations held up well, totalling £2.5 million. This includes a £180,000 grant received from the Masonic Samaritan Fund for the purchase of hoists and disability aids. We are thankful for the continued generosity of the Masonic community, which remains remarkably resilient in the face of difficult economic times. 2011-12 marked the third year of our capital improvement and maintenance programme, and the RMBI invested a further £13.1 million in our operating infrastructure. While the largest single project is the rebuilding of James Terry Court in Croydon, major investments were also made in several of our other Homes. We are on track to complete this programme next year. These capital expenditures were funded by drawing on our investment portfolio which, as a result, decreased to £37.6 million. Withdrawals have now ceased and our current cash balance should be sufficient to fund capital expenditures in 2012-13. Looking ahead, the care sector and the RMBI will continue to face a challenging environment, and Government funding levels are unlikely to increase. In response, the RMBI will endeavour to further improve operating efficiency, maintain a strong balance sheet and, as always, we will rely on the tremendous support of the Masonic community. RMBI ANNUAL REVIEW 2011–12
EXCELLENT FINANCIAL RESULTS | 23 All figures are in millions CHARITY INCOME £1.3 £0.5 £2.7 £2.5 £2.2 2010-11 £1.8 £4.4 2011-12 £1.6 Masonic donations £2.7m Masonic donations £2.5m Investments £1.8m Investments £1.6m Legacies £2.2m Legacies £4.4m Miscellaneous £1.3m Miscellaneous £0.5m TOTAL £8.0m TOTAL £9.0m CHARITABLE EXPENDITURE £0.4 £0.6 £0.5 £0.4 £0.9 2010-11 £0.9 2011-12 £3.8 £3.4 Charitable support £3.8m Charitable support £3.4m Central care £0.9m Central care £0.9m Governance £0.6m Governance £0.5m Fundraising £0.4m Fundraising £0.4m TOTAL £5.7m TOTAL £5.2m CASH AND OTHER ASSETS £12 £18.1 £56.1 £63.3 £50.1 £37.6 2010-11 2011-12 Care Homes and property £56.1m Care Homes and property £63.3m Investments £50.1m Investments £37.6m Net current assets £12.0m Net current assets £18.1m TOTAL £118.2m TOTAL £119.0m
Page 1 and 2: The RMBI - a mark of distinction AN
Page 3 and 4: INTRODUCTION | 3 The RMBI seeks to
Page 5 and 6: MESSAGE FROM THE PRESIDENT | 5 Maki
Page 7 and 8: MESSAGE FROM THE CHAIRMAN | 7
Page 9 and 10: CHIEF EXECUTIVE'S REPORT | 9 Higher
Page 11 and 12: IMPROVING AND TAILORING OUR SERVICE
Page 13 and 14: IMPROVING END-OF-LIFE CARE | 13 Com
Page 15 and 16: AIMING FOR EXCEPTIONAL STANDARDS |
Page 17 and 18: Our locations | 17 Our locations 1
Page 19 and 20: STAFF DEVELOPMENT | 19 Staff develo
Page 21: POSITIVE LIVING ENVIRONMENTS | 21
Page 25 and 26: HELP SUPPORT US | 25 RMBI Festivals
Page 27 and 28: Our Governing Body | 27 Grand Presi

Annual Review 2011/12 - Royal Masonic Benevolent Institution

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