Head Office Pinewood Bell Heath Way Woodgate Business Park Birmingham 832 3BZ T.. 0121442 2944 E.. info@midlandmencap.org.uk midland cap Dains Audit Limited 2 Chamberlain Squ3re Paradlse Birmingham B3 3AX 31 October 2024 Dear Sirs This representation letter is provided in connection with your audit of the financial statements of Midland Mencap and its subsldlary undertakin81.the group") for the year ended 31 March 2024 for the purpose of expressing an opinlon as to whether the financial statements are presented fairly, in all material aspects, lorgive a true and fair viewl in accoidance with Financial Reporting Standard 102. the Finarscial Reporting Standard applicable Sn the UK and the Republic of Irèland and the Charities Statement of Recommended Practice ISORPI. We ¢onfJrm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience land, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you.. We have fulfilled our responsibilities as trustees under the Companies Art 21)06 an¢J Charltles Act 2022 for preparing financial statements, in accordance with the applicable financial ieporting framework. We confirm that in our opinion the financial staternents Bive a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements afe approprlate. and wè approve these account5 for the year ended 31 March 2024. We confirm that èll accountlng records have been made available to you for the purp05e5 of your audit, in accordance with your terms of engagement. and that all transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders, meetings. have been made avallable toyou. We havegiven you unrestricted access to per50n5 Wlthin the charity in order to obtaln audit evldence and have provideil any additional information thal you have requested for the purposes of your audit. We acknowledge that il is a criminal offence to make a false statèment in this regard. and where any trustee either make5 a false statement.. is aware that the statement is false,. is reckless in preventing this statement,. or fails to take reasonable steps to prevent the trustees. report from being appfoved, we acknowledge that each trustee will be guilty of a criminal offence. We confirm that ihe ¢harlty is controlled by the tiustees. We confirm that the group has no liabilities. contingent liabilities or guarantees given to third parties other than those disclosed in the financial statements.
We confirm that thefe have been no events since the balance Sheet date which require disclosing or which would materially affect the amounts in the financial statemen15, Other than those already disclosed or included in the financial statements. We confirm that the methods, significant a55umptions and data used by us in making accounting estimates, and the rè13ted disclosures, are appropriate to achieve recognltion, measurement or disclosure that is in accordance with the applicable financial reporting framework. We confirm that all known actual or possible litigatlon and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance wSth the applicable finan¢ial reportinB frarnework. Financial Reportin& Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Charities Statement of Recommended Practice ISORPI. We confirm that we are aware of the definition of a related party forihe purpose of the accounting framework bein8 applied in the preparation of the accounts. We confirm that there have been no material transactions with related parties, other than transartion5 Wlth group undertakings which are not required to be disc105ed. io We confirm that all related party relationships and transaction5 have been 3c¢ounted for and disclosed In accordan with the applicable financial reporting frarnework. Financial Reportin Standard 102, the Financial Reporting Standard applicable in ihe UK and the Republic of Ireland and the Charities Staternent of Recommended Practicè ISORPI. li We confirm that the charity nelther had, at any tlmè during theyear, any arrangement. transactlon or agreement to provide credit facilities lincludin8 advances and ¢reditS 8ranted by the charltyl for trustees, nor provided guarantees of any kind on behalf of the trustees. 12 We Confirm that the Broup has not contracted for any capitsl expenditure other than as disclosed In the financlal statements. 13 We confirm that the 8roup has complied with all aspects olcontractual agreements that could have a material effect on the financial statements in the event of non-complian¢e. 14 We confirm that we are not aware of any possible or actual instance of non-compllance with those laws and regulations which provide a legal framework withln which the charity conducts Its business and which are central to the group's ability to conduct its business, except as explained to yOLt and as disclosed in the financlal statements. 15 We 3cknowledge our responsibility for the design, implementatlon and maintenance of controls to prevent and detect fraud, and thal we believe we have appropriatety fulfilled thesè responsibilities. We confirm that we have disclosed to you the results of our risk assÈs5ment of the risk of fraud in the business. There have been no deficiencies in internal control of which we are aware. 16 We confirm that there have been no actual or suspected Instances of fravd involving management. employee5 who have a Significant role in internal control or others where the fraud could have a material effect on the financial statements. We also confirm that we are not aware of anv alle8ations of fraud by employees, former employees, analysts, re8ulators or others. 17 We confirm that, in our oplnSon, the ETOUP'S financial statements should be prepared on the going concern basis on the ground5 that currenl and future sources of funding or support will be more than adequate for the group's needs. In reaching this conclusion, we have iaken into account all relevant matters of which we are aware, including the availability of working capltal and have
considered 3 fvture period of at least one year from the date on which the financial statements will be approved. 18 We confirm that we approve the adjusted items as detailed in the attached appendlx. 19 We conflrm that In our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole. A list of the uncorrected misstatements 15 detailed in the attached appendix. 20 The flnanclal statements are free of material mlsstatement5, induding omissions. 21 We confirm that we have no plans or intèntions that may materially alter the carrying value and, where relevant, the fair valve measurements or cla55ifi¢ation of assets and liabilities reflected in the financlal statements. 22 We confirm ihe 8roup ha5 satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements. 23 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such fflatters, as appropriate, have been properly accounted for and disclosed in the financial statement5. 24 We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confi¥m that.. so far as each trustee is aware. there Is no relevant audit information of which you as auditors are unaware, and each trustee has tsken all the steps ihat they ouBht to have takèn as a trustee to make themselves aware of any relevant audit information and to establish that you are aware of that information. the representations made are the best of our knowledBe and belief. 25 We atknowledge that wt Is a crimlnal offence to knowingty or recklessly make you as an audito¥. statement loral or written) that convey5, or purports to convey. info¥mation or explanatlons that you require in your capacity as auditor, or are entitled to require, that is misleadin& false or deceptive in a material particular. We confirm that the above reprèsentations are made on the basis of enquiries of management and staff with relevant knowled8e and expertise land, where appropriate, of supporting documentation) sufficient to satisfy ourselves that we can properly make these representations to you and that to the best of our knowledge and belief they accurately reflect the representations made to you by the tfustees durlng the course of your audlt. Yours falthfully Signed on behalf of the board of trustees by: M7441/,L M F Gallagher Chair of Trvstees
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Reglstered number: 03006451 Chority nvmb•r.' 1043360 Mklland Mencap Trustees, report ond finonciol stoternents For the yeor ended 51 Morch 2024 midland cap
Midland Mencop (A company limltèd by guorontee) Contents Page Reference and admini8trative deioll$ of the Churitoble Compony, its Trustees ond advlsers Chgirmon's statèment Trustees, report 4-13 Ind•p•ndent auditorfs report on the fintsncittl stoiements Consolidated Slutement of flnondol octivltles 19 Consolldated bolonce sheet 20 Choritobl• Company balonce sheet 21 Consolldoted stotement of ¢osh flows 22 Notes to the finonctol stot¢mènts 23-48
Midlond Mencop (A Compony Ilmiied by guorontee) R•ference und administrotiv• d•toil$ of the Charitable Ctsmpony. its Trustees und advisèrs For the year ended 31 Mur¢h 2024 TTlJ$tees M F Gollogher. Choir K Gvjrol J Cleminson (resigned 15 March 20241 Or F M Mcconnell N P Green C S Proctor N Smith A H E Winter (oppointed 12 Morch 2024) M A Roberts (oppoinred 15 14orch 20241 C Jones (oppoinled 15 March 2024} Company reglsterèd number 03006451 Charity r•gist•red nvmber 1043360 Regtstered officè Unlt E. Plnewood Bell Heoth Way Woodgote Business Park Birmingham 832 3BZ Chi•t •x•cutlv• offlcer D Rogers Independent avditor Dolns Audit Limited 2 Chamberloln Squore Paradise Birmingham BS 3AX Bankers Unity Trust Bonk Four Brindley Place Blrmingham Bl 2J8 Poge 1
Midland M*neap {A compony limlted by gvarant•e) Chglrmon's stotement For the yeur ended 31 Morch 2024 The chtsirmon presents hls stotement for the yeor. Much of this year hos been ployed out agcjinst the significant Ilnonclol difflcultle5 focing Birmingham City Councll. Indeed. most of the local authority oreos we operote in the presenting circurnstonce hos been one of financiol pressure tsnd the need for efficiency sovings. However. this hos noi deierred us from continuing to deliver our mlsslon ond our servlces have continued to dellver hlgh quolity outcomes to cit12ens ond fomilles os planr)ed. In oddilion. the ongoir)g developments with how the NHS Is structured and delivers its services hos been on Importont port ol our work os we engage with new neiwtsrks ond form new strategic relationships. Firstly. with Integroted Core Boards (IC8) in the reglon. the entity that joins up health ond core services. to impfove people's heofth ond wellbeing. ond to make sure everyone hos rhe some access to services and gets ihe sorne outcomes from tfeatment. care, or support. Perhops more importontly is the forging of o strong colloboratlve reloiionshlp wlth the locol Integrated Core Systems (ICSI whlch ore partnerships that bring together NHS orgoniststions. local outhorities, the Voluntory. Community & Social Enterprise (VCSE) Secror ond oihers to take collective responslbllliy for planning services improving heolth ond reducing Inequalities ocross the region. We htsve been successful In both positioning Mldlond Mencop In these new governance ond operotlng systems os well us using our orgonlsotlonc)I reputotlon. skill. knowledge. experlence to reinforce our status os a senior secior Viyce alongside colleagues from the stotutory c>gencies. At a senlor leodershlp level. we are representlng both Midlond Mencap ond the wider sector on key straregic Boorcls ond Forums uncl consequently eroaged with senior colleagues from our stotutory portnerships ond colloboroiion work. This hos been o solid yeor of performonce. Desplte the externol pressures bearing down on our frontline services ihey continue to deliver quolity oulcomes. perform to conlroctr and in mony Instonces deliver KPI'S over arid above expectallon. We hove seen enctsuroging growth In our service5 supporling children und young people. particularly in Coventry ond Worcester. We have added odditionol renoncies to our Impressive housing Portfollo. delivered every hour of controcted core ond support whilst seeing encouroging growth and development in our community heolth ond wellbeir)g services. All of our services ore experiencing iricreased demond which hos seen us working hard to moximise or increase capocity aeross ovr porifolio of services balanced agoinst funding pressure& the cost-of-living crisis ond ovr own high standards. Recruitmeni ond retention remoin a challenging issue ocross the Thlrd Sector. Ensuring our workforce Is o key stroteglc priorily hos been o slgnificont focus of organis(Jtional monagement time throughout the year. Importontly. especlolly In the foce ol the cost-of-living crisi& the orgonisotion is committed ro poylng the Real Living Wage. In addition. there is o conslstent fr)cus on recruitment which hos seen ihe organlsotiori stabilise its workforce with voconcy rotes across the orgonisorion below the national averoge. A very significont pressure on the ¢>rganisoiion Is the need lo ensure legol compllonce regording the training of our workforce. New mondotory troinin9 for oll stuff hos been introduced thls year alongside the existlng mondatoru progromme and refresher covrses Going forward no oddiliontsl Ivniylng hos been made availoble ro run the necessory training courses. We Pfide ourselves on the capability. quolity and cupocity of tsur exemplory workforce ond remoin commltted to offering high Quality irolnlng even In these exceptionally chollenging tlmes. Another strotegic priority thot has mc>de great pro9ress in the lost twelve rnonths has been developlng meonlngful approaches io co-prodvctlon ensuring the citizen voice is ot the heart of decision making. Significont effort ond dedicoted resources hove been put into engogement ond consu1totion wlth o citizen panel now feedlng dlrectly Inio ihe organ15ation5 8otsrd. This work will continue to be o stralegic priorify going forward as we seek a closer alliance between citizens and the governance of the orgonisotion. -Poge 2
Midlond Mencop (A cgmpony limited by guorontee) Cholrman's stotèment (contlnued) For the yeur ended 31 March 2024 A prlority of both the Executive arid Non-Executlve hos been to closely monitor not only the externol forces beoring down on the organisotion bui io olso to ensure our internal sysiems ond process are os leon and efficient as possible. To thot end we have continued to develop o bespoke digital core monogement system connecting every collea9ue tts our in-house sysiem In real time. Additionolly. we hove Invested in a new linonce monogemeni system that will provide reol tiTne repc>rtSng, rnore efficient linonce monogement processes ond build o stronger operotlonol reloiionship between finance oyerslght and budget holdlng manwer We are very mindful of the potential future impoci of funding decisions taken by our stotutory portners over which we have little or no control. We hove worked hard over precedlng ueors to make the resourcing ond delivery of ovr Services as effective and efficient os possible. However. thi5 is becoming increasingly difficult to achieve within the conllnes of the acute funding crisis In soclol core. We ure already moking key crlllcol declslons relatlng to new busine55 opportunities where we feel unable to deliver c¥ servlce sofely or offer quolity ond odded valve wlth the revenue fvnding avallable. The unrelenting squeeze on funding no longer meeis our well mcsnaged organisational costs on¢J without more money moving to sociol cure from centrol Govemment our ctspocity to deliver high quolity servlces will diminish. H,14 M F Gollagher- Choir of Trustees Dote". 31 October 2024 Page 3
Mldlond Mencap {A company Ilmlted by gvorunteé) Tru5tees' report For ihe year ended 51 Morch 2024 The Trustees present iheir onnuol report together with the oudited finonclal statement5 of the Midlund Mencop for The yeor 1 April 2023 to 51 Morch 2024. The Annuol report serves the purposes of borh a Trustees, report and o dirertors, report uncler company law. The Trustees confirm that the Annual report and finonciol stotements of the chorrtable compony comply wlth the current statutory reoulrements. the requlrements of the chariioble compony's governSng document and the provisions of the Statement of Recotnmended Proctice (SORP) applicable to chtsrities preporing their occovnis In accordance with the Flncsnclol Rep(>nlng Stondard opplicoble In the UK ond Republic of Irelond IFRS102) (effective l Jonuory 2019). M5sslon Mldlond Mencap works and campaigns for occessible and inclusive service and o better ouolitu of life for everyone with experience of leornlng disabi1Sty by odvoncin9 the vlews. needs arid ombitiofjs tsf people with experlence of learning disability. promoting inclusion through challenging prejudice ond discrimination. influencing soclol pollcy through compalgning. Inspiring, developlng ond dellverSng infjovotive quolity servlces. which express inclusion. integrotion. eypressed need ond diverstty ond achieving equolity of clvll and legol rights through compalgning. Objectives ond activities o. Pollcles ond oblettive$ The current organisutionol strotegy contlnues to steer the organisotion ogoinst o backdrop ol extreme chollenges and uncertointy of funding thot is facing the Third Sector. However. Midlond Mencop coniinues to deliver a progressive and solvtlon bosed strotegy that continues to identify opportunities for growtrh in our service delivery In order to best serve people wilh dlsobilllies ond their families tsnd corers regordless of age. gender tsnd ethnicify. In deliverlng Mldlond Mencap's tsirns oncl objecte$ we will endeovour.. To consolidate Midlond Mencap's posillon os o leoding disability provider In 1he West Mldlonds. To embed the recent governonce chtsnges withln our offer to citizens und families thoi both streThJthen and broodÈn tsccess lo Midland Mencap's three core offers. To lurlher develop the robustness cjnd eflectiveness of the orgonisotion's governonce wth ongoing commitment to Board development ond trustee recruiiment. To be o sector lead in the delivery of Universol Prevention Service To ollgn ovr Housing with Care & Suppori offer to proposed Prevention First ond lifestyle commissioning of social core and Publlc Heolth. To position Midlond Mencop core services with regionol locol ouihorlties. West Midlonds Combined Authority ond other wospective lunders. To work with partner orgonisations In secvrSng Community Asset Transfer opportunities and mergers where they ore conslstent with Midland Mencop's core mlsslon. To dellver on the expectations of our regSstrotlon on Birmingham City Councll's Bvsiness Chorter for Sockil Respongbillly. To continue to invest In our Houslng provision. Working with citizens arid lomily corers. os key pcyrtners, continue developing the organisational community offer promoting inclusion. well-being. ond octlve Iifesiyles relevont to chongin9 needs ond rising demand. To ctsnrinue to explore ond diversify our funcling streoms in order to ensure contlnuliy of projects ihai promoie the core mlsslon of Mldlond Mencap. To contlnue to explore ond develop IT tsdvoncemeni ond systems that promotes produciivliy ond smooih delivery of our service&
Midland Mèncop (A compgny limitod by gvoront) Trvstees, r•port (continued) For the yèar ènded 31 Morch 2024 Objeulves and ortivities (continued) To continue to deliver o comprehensSve volunteerlng strotegy thot meets the core mission of Midlond Mencop. To moximise the use of marketing ond social medio to ochleve recognition that prom()tes the work of Midlond Mencop. To modernise (Jnd streamline the woy we work. To rolse more Income through our fundraising ond ihe development of corporate relationships. To continue to bulld copocity and resilience ol our gubsidiory orgonisotion. To focus on our expertlse and obiolning necessary expertise os a bcsse for enierlng new morket segments. In setting objectives and planning for ocDvilies. the Trustees have given due consderotion to generol guldonce pvbllshed by the Charlty Commission relotlng tts publlc beneflt. includlng the guidance 'Public benefit.. running o chority (PB2)'. The frustees olways erisure that their Strategic ond operotlonol obiectlves are carried out for the pvblic beneftt. Thls is achieved through the provision of a wide range ol services to people with learning disabilities. This annuol report demtsnstrotes how Mldlond Mencop hos spent funds available towards meeting Its chorltable objectives. -"Poge 5
Midland Mencop {A compony limltèd by guorontoe) Trusteeg réport (contlnued) For the year endèd 31 March 2024 Achlevements ond performant• o. Mtsin ochie¥em•nts of the ChurltublÈ Compony Thls hos been another challenging yeor for the sertor. The Impact of the cost-of-livlng crisis. molntainlng our real living woge stotus, signlficont financial slress in most locol ovthority social care budgets ond increosed demond on services have significantly impoued servlce delivery for the provider sector. Over many years we hove worked hord to ensure efficlency in our costs without redvclng either the scale or quality of the support servlces we provlde. Consideroble work goes Into setting budgets. manoging resources. ond controlling the orgonisotions reserves to moximise outcomes and outpuls. Yeor on year this has become harder to ochleve ond going forward Government must vrgenily oddress o falr and sustainable funding commltment to overt a growing ihreot of sector collapse. The following text offers on oveNiew of our key areos of activlly. Houslng Care & Support The operoting envlronmeni remolns challenging due to the locol outhtsrity's finoncial constraint5. Wlth sociol workers olmlng to reduce core package sizes durlno reossessmerTrts. Over the posr 12 month& the Domiciliary Care department hos fvlly integrated all remaining Birminghtsm Muttlcore slcjff and crtizens into the servlce. Mldlond Mencop presently provides care to 138 cltizen& delivering a totol 014.875 hours of service per week. The deportment hos olso exponded its monagement team by adding o Domiciliory Core Manoger and o Senior Core Coordinator. This yeor. the removol of a legacy NHS gront. low occuponcu rote5. and high infrostruciure costs led to the Unavoidbje closure tsf two resplte core homes. Discussions with ihe NHS are ongoing regarding the disposol of one of these properties. However. the orgonisotion has purchased on o(Jdltionol bungalow. whieh has undergone eensIVe renovotions oncl will soon occommodote three cf(izens. Another properly hos been identified and Is currently under offer os port of the organlsatlon's exrM)nslon plons. Seporately, the Communlty Wellbeing Service has delivered 98.061 preventative hours of support to 382 citlzens ot ony given time. with 121 referrols received this calendar yetsr. The PURE servlce (employability) wos the city's top-ronked provider out of nine in 2023/2024 ond svccessfvlly hosted high-prolile porticlpont events ai the WCCC. St Andrews. ond the Librory of Birminghom. We are tswoitlng news on commissioning intentions for PURE post-morch 2025. The Ctsrers Emergency Response Service (CERS) teom remttlns In hSgh demand und hos recently recrvlted o servlce monager and officer to flll voconi roles. As of September 2024. Ihe CERS servlce hos 1.537 registered carer Chlldren 5ervlce3 Children Services hove contlnued to develop tsnd deliver o robust regional service across Birminghom. Covenrry. North Warwickshire. und Worcester. for children and young people wlth disobilities. During the period between 2023-2024. across Birminghom, the cyp ieom hove increosed delivery. providing 9.251 hours working with over 120 children ond young people. Incorpor(rting weekend. evenlng. holldou. ond after-school provlslon. The Increose in delivery has meant the staff team hove expanded from 25 frontline stoff to 50 ocro¥ the period. Similarly. there has been significont development ol provislon wiihln the Coventry and North Worwickshlre reglon. observlng a triple 119ure increose of 2749 In delivery acios9 the yeor. supporting 24 childreri ond young people ond increosing the staff team to 13 Irontllne stoff. Excitinglu. Ofsted reglstroiion wos applled for the Coventry provisitsn during thls perlod.
Mldlond Mencop (A compony Ilmfjted by guorontee) Trustees. report (continued) For the year ended 51 Murch 2024 A¢hievèmènts and performonce {contlnued) In September. Midlond Mencop launched weekly dlgiiol workshops for people wrth leornlng dlsabllllies to bvlld thelr digltol skills tsnd leorn how to creote online content. Participants hove covered key topics. including online fety. conient plonning. editing, oncl vploodlng onllne. One highlight of the workshops wos wc>rklng with West Mldlonds Police to moke videos on Hate Crime Awarenes5. empowering porticiponts to use their voices for change. Another success wos G Makattsn Chrlsimas video. whlch recelved over 10.000 views on TlkTok. showlng the Impoct ol inclusive content. Flnolly. we helped the Midland Mencop Fooiboll Teom raise over £2,000 lor new kits through o comblnotion of online fundrolsino cumpaigns ond In-person events like o qulz nlght. Thls success highlights the power of our cllgltol plctrforms to bring petsple together ond ochieve importont goals. Overall. this year's digital effoTts hove strengthened Midland Mencap's online presence. movlng us closer to o more Incluslve ond engoged community." 8vsin•ss D•v•lopment Due to the hlgh demand for funding from Trusts ond Grant& criteria hove become rnore sirlngeni. moklng Midlond Mencop inellgible for mar)y funding Streams. Despite thi& we have ochieved some success th Local Authority funding. From Birminghom HAF fund we secured £2.416 for delivering two CYP sesslons. on equipment gront of £975. arTrd sports klt valved oi opproxlmotely £450. toiolling £3.436. We received £9.300 from the Shored Prosperity Fund to deliver Porkride In North Blrminghom Additionolly. Midlond Mencop received £1,000 from the Borclay FooibDII Fund for staff training.
Mklland Mencap (A company limited bu gvorontèt) Trustees. rèport <coniinv•d) For the year ended 31 Morch 2024 Financiol review a. Golng concern After moking csppropriate enquiries, the Trustees hove o reasonable expectation that the Churitoble Company has odequ(rte resources ro continue in operational existence for the foreseeoble future. For this reason. they continue to odopt the going concern bosis in preporing the finoncial statements. Further detoils regarding the odoption of the golrTrg concern bosis call be found in the accounting pollcles. b. Reserves pollcy Over the last fifteen yeors Midlond Mencap hos bullt up subsioniiol ossets arid cash reserves. The Trusiees and Executive teom recognise thal though the level of reserves provicles the chority with slgniflcont financiol security it olso poteniiollu inhibits relationships with existing or poienriol funders Hoving o reserves pollcy ond cleor explanatlons on why reserves ore held ot F)articular levels is o key port tsf the Internol financial monogement of the orgonisotion ollowirig the Trustees ond monooement team to manage resources effecTlvely and pl(Jn lor the future. Free reserves ore the funds Midland f4encap con expend on c)ny of its choritoble purposes without externol restrittions from funders. This does however exclude restricted funds as these musi be spent for u Specific purpose that it was Initlolly intended by the lufjder. The free reserves olso exclude the orgonlsotlon's iongible fixed assets held for the the chorlty's own use. This Is because these ossets ore vsed by Midland Mencap to deliver octivities ond os such will not be insttsntly be converted to cash in order to meet o tuncling deficit should such need arlse. In addition to rhis. designoied Ivnds are olso excluded from free reserves. The designtsted funds ore sel oside to meel e55entiol and specific short to medium term litsbilities ond projects thot udvonce the organisoiion's choriioble oims ond obiectlves. Therefore Midlond Mencop's strateglc plans hove and wlll be developed to utilise the remoining free reserves to.. Protett the finonclol stobllltu of the orgonisation. Invest in IT infrtssrructvre thoi wlll ensure efficient and effectlye operoiionol processes. Focilitate the strotegic ond plonned investment In growing our Community Hub offer to ensure rts self susioinobility and wider reach. Allow the orgonisotlon to operote uninterrupted Services In the event of furiding delay or substantiol funding CLrts. Fund the orgonlsorion's growrh strotegy especiolly lor new geogrophlcol areos. Further to the use of free reserves outlined obove. below ore the details of the circumstonces In which the free reserves will be vtllised.. To ensvre funds ore ovolloble for unforeseen emergencles or other unexpecled needg, ftsr exomFJe unexpected property reptsirs or funding for on urgent project opportunitie* Unforeseen day to dny operotionol costs Gront income not being renewed. Plonned commitments which may nee¢1 higher levels of reserves. Funds to ollow for increased beneficiary need. The need tts fund short-term deficits in a cash budget. for exomple. money may need to be spent before funding is received. Staff retention Poge 9
Midland Mencop (A compony limltèd by guarant••) Trvst••s' r•port (contlnued) For yèor ended 51 March 2024 The group's consolidated total resefves ot 31 March 2024 were £15.326.086 (2023 £13.177,871). £5,528.295 (2023 £5.884.9041 of Ihls Is represented by tangible fixed assets held for choritoble use. £630.000 {2023- £874.000) of which Is restricted funds. ond o fvnher £2.200.00012023- £2.200.0001 Is designoted funds Idetoils given vnder finonciol rev5ew). whlch leoves the group with free reserves of £7.575.790 (2023 - £5.092.9671 os at 31 March 2024 - equivoleni to 9 monrhs. worth of current staff salorie The Trustees consider that the current level of reserves will ensure that. in the event trf o significont drop In fvnding. they wlll be able to continue the Charitable Compony's currenr octlvltles whilst eonsidertstion ig given to ways in whlch odditlonol fvnds moy be raised. The reserves levels are monitored ond molntoined throughout the year. c. Revlew of flnonclol posltlon Midlond Mencap contlnues to hold 100% sioke In Its subsidlary. Birminghom Multi-core Support Services Thls is o choritoble company. limited by guarantee. whtsse mlgsion. volues. objectives and activities olign with those of Midlond Mencop. As such the Mldlond Mencap Iinoncial statements ore reported os consolidoted accourits in accordance with relevant Accounting Siondord& The total consolidated income of £10.994.996 {2025 - £9.608.511) included £580.242 (2023 - £827.214) income from ihe subsldiory and the total expenditure of £8,945.96312023 - £8.552.467) included £521.869 of subsidiory expenditure (2023 £775.460). The subsldiory reported o svrplus of £58.373 (2023- £5,800) ond the overoll group performance reported a svrplus of £2.148.215 (2023 - £1.203.554) The consolidoted total reserves stood oi £15.526.086 (2025 - £73.177.8X). The group coritinues to h(Jve sufficient cash flows to corry out Its choritcble objectives. As explolned In the reserves wlicy below. some reserves hove been designuted to meet planned expenditure and projects expecred io be undenoken In the comirig flnL)nciL)l yeor. £2.2m 12025 £2.2m) has been desSgnated to Domcare, new business development to ensure funding diversification and lundlng the growth ond svstoinobility of Midlond Mencap's Communlty services in the foce of funding Cvts against an increased demand for services. The £653k (2023 - £874k) in restrlcted reserves is largely ottribuioble to Birmingham Multi-care properties with a provision thoi the monies be repoid lo the trust. local ond centrol government deponments should certoin conditlons not be met. d. Risk toctors The briord of Trustees continually cjssess the risks to which ihe chorltu Is exposed and systems have been put in place to mitigote these risks. Internal controls have been put in place to minimlse operutional risks by Implementlng an active oncl rlgorous policy on sofeguording ond heolth ond safety procedures. Internol finonclal rlsks h¢Jve been minimised by continuul review ond implementatlon of outhorisotion ond monitoring of oll rronsoctions Rlsks to fulure Income ond expenditure leve15 ore monitored by setting onnuol budgets and monitoring actuol performonce on o monthly bosis ond this is reported to trustees at every boord meeiing Where significant flnancitsl risk still remains. Ihe boord hos ensured proper Insuronce cover Page ID
Midlond Mencop (A compgny limited by guorontee) Trustees. repori (contlnued) For the yeor ended 31 Morch 2024 Strurture. goVèrrnCt ond manogement u. Constltution Midland Mencop is regisiered as o charitable company limited by gvarontee ond not having share copital. Incorporated In Jonuory 1995 and registered os o choriry. The Chontoble Compony was esioblished by its Memorondum of Associotion. which sets out the objerts and powers of the Charitoble Compony ancl is governed by its Articles of Associotion. The Memorondum ond Articles of Assoclation were omended ond a resolution was passed at a Spedal Generol Meeting held on 31 October 2018. The Charily Commission hos olso opproved the omendments to the governing documents. b. Method$ of appointmènt or eleciion of Trvsiees The monogement of the Group and the Charitoble Company is the responsibility of the Trustees who ore elected and co-opted under the Arricles of Assoclotlon. None of the Trustees hove uny beneficiol interest In the Charitable Company. All of the Trustees ore members of the Compony. The Trustees and other members guoronree ro contribtrte £1 In the event of an insolvent wlndlng up. When recruitlng new Trustees ihe exlsring Trustees look for those indivlduals whose skllls ond experience can make o significar)t contribution to the monogerrient of the Choritoble Company. All new Trustees ore made aware ol their responsibilities os Chorlty Trustees and Company Directors ond are helped to fcjmiliorise themselves wlth the practical and financial ospects of ihe Choritable Company's operotions. To help them they ore provided wlth o copy of the Company's Memorondum ond Articles of Assoclotion. the lotest publishecl accounts. the Charitoble Compony's mlsslon stotement and appropricrte Chority Commlsslon publications. . Orgoni$utional structurè ond d•clslon-makln9 polkles The buslness of the Charity is managed by the Trustees octSng as members and the Executive Committee. The Committee consists of the honorary officers of the Chgrity." up to twelve other members are oppoinled by the Boord. The number of Executive Commtee members may not be less thon elghi. On 31 Octobef 2018 a speciol general meeting wos held to pass a special resolution allowing the Chorify to now be governed by the revised Memorondum ancl Articles of Assoclotion The Chority Commisslon hos tspproved amendments to ihe orgonlsotlon's Memorondum and Articles of Associotion ond Charlty's Objectives. The 8ourd of Trustees continues to delegote the responsibility for the doy to doy moncsgement of the Chonty business to the Chief Executlve ond the senior monogement team. There is a cletsr distinaion between the roles of the trustees ond the senior mcnagement team. The senlor mtsnagement teom is responsible for ihe prodvttion of strotegic ond operoiionol pl(Jns, policies and budgets which tsre presenied io the board of trustees for considerotion, opprovol ond monitorlng 8oord meetings ore held regulorly in order to updote the Trustees on the Ochvities and fsnonciol perlormonce of the Chorlty. d. Aeloted party relationships The Chority is offilioied io Royol Mencop. Mencap Notiontsl Centre. 123 Golden Lone. London. EC1Y ORT. Poge11
Mldlgnd Mencap (A compuny limited by guorontee) Trustee¢ report (continved) For the yeur ended 31 March 2024 Structurè. governance ond monu9ement (contlnued) e. Flnun¢lLII risk monagement The Trustees hove ossessed the molor rlsks to which the Group und the Choriloble Compony ore exposed. in porticvlar those reloted to the operations and finances ol ihe Group and the Chorltable Compony, ond ore satisfied that systems ond procedures ore in ploce to mitigate exposure to the mojor rlsks Plans for fvtvre p•rlods Fvre Strategic Oblèctiv•s Publish a refreshed ond fully costed orgonisational strategic plan for the period 2025_ 2028 Continue to seek viable business development opportunitles across the region whilst ot the some time put Sn ploce o funded plon to both consolidate ond insulote existing servlce provision agoinst external economic pressures Durlng ihls period to Increcjse the telloncies within our houslng stock by eight through the purchase and refurbishment ol properties from the residential housing markei In conjunction with on CTccredited delivery partner deliver an in-house manogement ond personol development pothwoy for flrst In Ilne manogers Continue to build our model of co-production further alignlng cllizen Influence with the organisations governance Continue to build key stroiegic ond colloborotive partner5hip5 Wlth both stotvtory ond Volunltrry. Community & Sociol Enterprise (VCSE) Sector. En909ement with employees and employment of the dlsabled Employees hove been consulted on Issues of concern to them by rneans ol regvlor consultotive commrtee und staff meetings cind have been kept informed on speclflc matters directly by monogernent. The Group ond the Chorllable Compony corry out exit Interviews for all stolf leovlng the orgonisution and have odopied o procedure of vpword feedbock for senlor monagemerit and the Trustees. The Group ond rhe Chorltoble Company have implemented a number of detoilerl policies in relation to all aspects of personnel matters includlng,. Eqvol opportunities pollcy V¢>lvnieers' policy Hetslth & sofety pollcy In occordonce wlth ihe Grovp ond the Charrtable Company's equol opportunlties policy. the Group alld the Choritable Compony hove long-estoblished fair employment practices in the recruitment. selection. retention and troining of disabled staff. Full details of these policies are ovailable from rhe Choritoble Company's offlces. Midlond Mencop olms to poy salaries that tsre fair ond competitlve wlthin the charity sector in order to retuln guolilied Slolf. Frtsm Jonuory 2023. the Boord took the decision to introduce the reol living wage ahead ol o Moy 2023 deodline. Remunerotion of the senior monogement team is set and opproved by the Board of Tru5tees' who benchmark their decision bosed on pay levels of slmilor $5zed charities Poge 12
Midlond Mencop (A Company Ilmlted by guarantèè) Trvstees, report (tontinued) For the year ended 31 Mtsrth 2024 En9agement with *mployee$ and employment of the dlscA)led (continued> Our key monogement personnel are the Chief Executive. Director of Operations. Heod of Houslng Care ond sUPPOrt. Deputy Director of Operatlons ond Heod of Finance. Midlond MencL)p is committed to poylng the Real Living Woge os sel by Birminghom Business Charter. Oisclosur• of Informfjtlon to auditor Each of the persons who ore Trustees ot the time when thls Trustees, report is approved hos confirmed thot.. so far as that Trustee is owore. there is no relevant oudit Information of which the charitoble group's ovdltc)r is unowore. ond that Trustee hos ioken oll the steps that oughi io hove been taken os o Trustee In order to be aware of any relevant audit inlormotion ond to estoblish that the choritoble group's oudrtor Is owore of thot inlormorion Avditor Daiff s Audit Limited were oppointed during the yeor ond hove indicated their willlngness to contlnue in office. The deslgnoted Trustees will propose a moiion reappointing the oudiior ot o meeting of the Trustees. Apprtsved by order of the members ol the boord of Trustees on 31 October 2024 ond slgned on their beholf by.. M F Gallagher Chalr of Trustees Page TS
Midland Mencap (A componu limited by gLlQfontee) Independent ayditorfs rèport to the Members of Midland Mencap Opinion We hove oudited the financiol stotements of M1dloncl Mencap (the'porent chariioble company? and Its subsidiorles (the 'group? for the yeor ended 31 Mtsrch 2024 whlch comprise the Con501idated stotement of finoncial octivities. the Consolidoted bolonce sheet. the Charitable Compony balonce sheet. the Consolidated stotemeni ol cosh flows ond the reloted notes. including o summory of significant accounting policies The finonciol reporting framework that has been opplled in their preparation is applicoble low ond Unlted Kingdom Accountlng Srondords. Includlng Financlal Reporting Sionclord 102 'The Finonciol Reporting Stondord oppllcoble in the UK and Republic of Irelond, (United Kingdom Generally Accepred Accountlng Practice). In our opinion the financlol stotemenis.. give o true ond fair view of the sttste of the Group's ond of the poreni chariioble compony's offolrs os at 31 Morch 2024 ond of the Group's incoming resources ond opplicotion of resources. including Its Income ond expenditure for the yeor rhen ended.. have been properly prepored in occordance with United Kingdom Generolly Accepted Accounting Prottice,. ond hove been prepared in occordonce wlth the requirements of the Componles Act 2006. 60s1s for oplnion We condutted our oudil In occordonce with Internotlonol siondords on Auditing IUKI (ISAS {UK)) and opplicoble low. Our responsibilities under those stondards ore further described in the Auditor's responsibilrtie5 for the audit ol the flnonciol stotements section of our report. We ore independent of the Group In occordance with the ethicol requirements that are relevant to our uudit ol the finoncial statements irTr the United Kingdom. Inclvding the Financial Reptsriing Councll's Ethical Standcsrd. and we hove fulfllled our other ethical responsibilifies in occordonce with these requiremerts. We believe thot the cjudit evidence we have obioined Is sufficient and oppropriate to provide o bosis for our oplnlon. Concluslons reloting to going conc•rn In ovditlng the flnonciol statements. we have concluded rhot the Trustees, use of rhe going concern bosls of occounting in the preporotion of the financial stotements is opproprioie. Bosed on the work we hove performe4 we have not identified ony moteriol uncertainties reloting to events tsr conditions thot. individually or colleJively. moy cost significant doubt on the Group's c)r the parent charitable compony's abillly to conlSnue as o going concern for o perlod of ot least twelve monihs from when the flnonciol statements are outhorlsed for Issue. Our responslbilltles ond the responsibilrties of the Trustees wlth respect to gosng concern ore descrlbed In the relevant sections of ihis report. Poge 14
Mrdlond Mencop (A compony Ilmlted by gvarantee) I[Èpendent audltovs report to the Membèrs of Mldland Mencop (contlnued) Other information The other informoiion comprises the information included In the Annual report other thon the Ilnonciol siotemenis ond our Auditorfs report thereon. The Trustees are responsible for ihe other Informatiori contained within the Annuol report. Our opinion on the financial siotements does not cover the other informarion und. except to) the eKtent otherwise expliciily stoted in our report. we do not express ony form of ossurance conclusion thereon Our responslbillty Is to read the other informotion oncl. In doing so. consider whether the other Information is moteriolly inconsisteni wilh Ihe firioneiol stotements or our knowledge obtained in the course of the oudit. or otheiSe appeors to be materiolly misstated. If we identify such moteriol Inconsistencies or apparent moteriol mlsstotements. we ore required lo determine whether this gives rise to a material missiotement in the finonciol statements ihemselves. l*. bosed on the work we hove performed. we conclvde thot there Is a moteriol misstotement of this other informotion, we ore required to report that foct. We hove nothlng to reptsrt In this regord. Oplnion on other mott•rs prescrfjbed by the Comp¢Jnl¢s Act 2006 In our oplnion. bosed on the work uaderttsken in the course of the audit.. the informotion glven In the Trustees, report lor the finonciol yeor for which the linonciol staiemenis ore prepared is consistent wath the flnonciol statements. the Trustees, report hL)s been prepored In accordance with tspplicoble legol requirements. Molters on which we orè r•qvir•d to report by exception In ihe light of our knowledge and understonding of the charitoble company and its environment obtolned in the course of the au¢Yit. we have not identifled moterial mlsstotements in the Trustees, report. We have nothing to report In respect ol the following rnatters In relation to which Companies Act 2006 requires us io report to you if. in our opinion". the porent charitoble cowpony hos not kept adequate and sufficient occountlng records. or returns adequate for our ouclit hove not been recelved from bronches not vislted by us.. or the poreni choritoble company fintrnclal siatements ore not in ogreement wh the occounting records ond returns-. or certain disclosures of Trusiees, remuner(rtion specified by law ore not mode. or we have not received oll the information ond explanotions we require for our oudit. Page 15
Mldland Mencup (A compony Ilmlted by guorontee) Indèpendent avdltor's report to the Mèmbèrs of m10nd Mencop (contlnued) Aespon5ibllitiès of trvst•es As exploined more fully In the Trustees, responsibilities siaiemeni. the Trustees (who ore also the dlreciors ol ihe charitable company for the purposes of compariy law) are responsible for the preporotion of the linaricial stotement5 und for being satisfled Ihot they glve a irve ond foir view. ond for such internal conrrol os ihe Trvstees deteTmine is necessory to enoble the prepuration of financial statements thot ore free from materiol misstotemeni. wheiher due io fraud or error. In preponng the financial statements. the Trustees ore responslble for ossessing the Group's ond the porent charitoble compony's obility to continue os a going concern. disclosing. as opplicable. matters reloted to going concern ond using the golng concern basis of occountlng unless ihe Trustees either intend to liquidate the Group or the porent choritoble company or to ceose operotion& or hove no realistic alternative but io do so. Avd+to$ responsibilities for the uudit ot the finondol stotements Our obleciives ore to obtoin reasonable assurunce obovt whether the financial statements us o whole ore free fr¢>m material mlssroiemeni. whether due to fraud or error, ond io Issue on Audltorfs report that Inclucles our opinion Reasonable assurance is o high level of ossuronce. bul Is not a guarontee thot on ovdrt conducted in accordance wth ISAS (UK) wlll olwoy5 detect O fnoteriol misstatement when it exists. MisstotemÉnts con orlse from fraud or error and ore considered moteriol if. Individucjlly or in the aggregote. Ihey could reosonably be expected to influence the economlc decislons ol users ioken on ihe bosls of these financial sttstemenis. Irregularities. including Iroud. ore Insionces of non-compliance wfth ltsws ond regvlcJtion& We design procedures in line wlth our responsibilities. outlined above. to detect moterial misstatements in respect of Irregul0rlle$. including fraud. The extent to which our procedures are copoble of detectlng Irregularities. Including fraud is detoiled below. Our approoch to identifying ond ossessing the risks of moteriol rnisstutement in respect of Irregularities. including fraud ond non-compliance with laws and regvloiions. wos os follows.. Ihe senlor stcjtuiory auditor ensured thoi the engogement team collectively hod the oppropriote competence. copobilities ond skills to identify or recognise non-compliance with applicoble lows ond regulaiions-, we Identified the laws ond reguloiions opplicable to the group ond the porent chorltable company through dlscvssions with directors csnd other management. ond from our commerool knowledge und expenence of the chorlly seaor.. we focusecl on speciflc lows ond regulations which we considered mou hove a direct moterial effect on the finonciol siatements or ihe operotions ol the group ond the porent choritoble compony. including the financial reporting legislation. Componies Act 2006. Charities Act 2011. toxotion legislotion. onti-bribery. employment. ond environmental heolih ond sofety legislation.. we ossessed the extent of compliL)nce wilh the lows ond regulations idenlified obove through making enquiries of manogemeni ond inspecting legal corresptsndence". and identified lows ond regvlotlons were communicoted within the ovdlt team regulady and the team remained olert to instances of non-compllonce throughout the avdit. Poge 16
Mldlond Mencap (A compony limfted by gvargntee) IndePÈr*rtt ovdftorfs repon io the Members of Mldlond M•ncop (contlnued) We assessed ihe susceptibllity of the group and the porent choritoble compony's linanciol statements to moteriol misstatement. including tsbtalnlng on vréerstanding of how frtsud might occur. by.. moklng enqulrle5 of management os to where iheu consldered there was susceptlbilily to frovd. thelr knowledge of octuol. suspected and alleged froud," ond considering the internal conirols In ploce to mltlgate risks ol Iroud ond non-compllance with laws and regulotic>ns. To oddress the risk of froud through monagement blos ond overrlde of controls. we.. performed onalytlcal procedures to identrfy ony unusuol or unexpected relationshlps.. tested journol entries to identify unusual tronsactlons.. ossessed whether judgements and ossumptlons mL)de in determlning the accounting estimates were indicotive of potential bios". ond investlgoted the rationale behincl significonr or vnvsuol transactions. In respollse lo ihe risk of irre9ulorities ond non-compliance with bws ond regvlotions. we designed procedures which Included. but were not limlted ro." agreeing flnonciol stotement disclosvres to vnderlying SUPFxirtlng documentotion., reading the minutes of meetings of those charged with governonce.. enquiring ol monagerTient os to ocluol ond potential litigation ond cloims. ond reviewing coffespondence with HMRC, relevont regulators and the group's ond porenr chorItab company's legol odvlsors. Because of the inherent limilolions of on audit. there is o risk ihat we wlll not detect all Irregulorlties. includlng those leodlng to o material misstatement in the finonclol stotements or non-complionce with regulotion This risk Increoses the mtsre ihot complionce with a law or regulation Is removed from the events and transouions reflecred In the finonciol slutements. os we wlll be less likely to bpr.ome aware of instonces of non-compliance. The risk is olso grecrter regording irregularities occurring due io froud rather than error. os fraud involves intentional concealment. forgery, collusion, omission or misrepresentotion. A further description of our responsibillties for the uudit of the financial statements Is locoled on the Financial Reporting Council's websiie ot.. www.frc.or Ovditorgres nslbilllies. Thls description forms port ol our Auditor's repc>rt. Other motters The financiul stotements of the Group ond the parerit Charitoble Compony for the year ended 31 Morch 2023 were audited by Halnes Woits 8irminghom LLP who expressed an unm£Klilied oplnion on those finoncial statements on 26 October 2023. Page 17
Mldlund Mencop
(A company Ilmiied by gvurtsntèè)
Independent audltor's report to the Mèmbers of Mklland Mencap
Midlond Mencap (A compgny limited by gvlirantee) Consolldated Siotement of flnunclol octlvlties (incorporating income and expenditure uccovnt) For the year ended 31 March 2024 Unrestrictèd funds 2024 Restried fund5 2024 Totul fvnds 2024 Total funds 2023 Note Income from: Doriotions and legacles 479.063 654,555 1.113.418 920.981 Choritoble activitie5 9.669.660 9.669.660 8.562.520 Other trodlng octlvities Investments 1&629 16.629 8.318 160,875 160.875 109,897 Other income 14.059 20.355 34.414 6.795 Totol Income 10.340.286 654.no 10.994.996 9,608.511 Expenditure on: Raising funds Charitable octivities 24.096 24.096 8.291.928 629.939 8.921.867 8.352.467 Toiul expenditure 8.316.024 629.959 8.945,963 8.352.467 Net income before Trnvestm•nts 2.024.262 24.771 2.IM9.033 1.256.044 Net goins/(losses) on Investments 99.182 99.182 (52.490) Net incomè 2.123.444 24.771 2.148.215 1.203.554 Tronsfers between funds 19 245.7n (245.771) N•t movement In funds 2.369,215 (221.000) 2.148.215 1,203.554 R•conCili1On of fund$'. Totcjl fur)ds brought forward Net movemer)t in funds 19 12.303.871 874.0¢)O 13.177.871 11.974.317 2.369.215 (221.000) 2.148.215 1.2Q3.554 Total fvnds corrled fon¥grd 19 14.675.086 653.000 15.326.086 13.177.871 The notes on poges 23 to 48 form port ol these finonciol stotements. Poge 19
Mldlond Mencop (A eompony Ilmiied by guurante¢) Registered number.. 05006451 Consolldoted bolonce sheet As tst 31 Morch 2024 2024 2023 Noie Flxed ossets Tangible assets 14 5.528.295 5,884.904 Investments 1.033.1S8 921.841 6.561.453 6.80&745 Current 05set$ Stocks 1.187 1.187 Debtors 16 1.401.839 1,380,819 Invesiments 17 5,12S,000 900,000 Cash at bank ond in hond 3.117.803 5.122.304 9.6¢5.829 7.404,310 Creditors.. omounts lolllng due wiihin one year 18 (881,196) (1.033.184) Net turrtnt oss•is 8.764.633 6.371.126 Total net osset5 15.326.086 13.177.8n Charfty funds Restricted funds 19 653.000 874.000 Unrestricted funds 19 14.673.086 12,303.871 Total funds 15.526.086 13.177.871 The Trustees ocknowled9e thelr responsibilitie5 for complying with the reauirements ol the Act with respect to occounting records and preparation of linonclol siotements. The financltsl statements were opproved ond outhorised for sssue by the Trustees ond 4gned on their beholf by.. M F Gollaghèr Cholr of Trustees Dote.. 31 October 2024 The notes on pooes 23 tts 48 lorm pori of these finonciol stotements. Page 20-
Mtdlond Mentop (A compony Ilmlted by 9L¢arantee) Aegistered nvmber= 03006451 Chgrlty bolonce shoot As ot 31 March 2024 2024 2023 Note Flxed assets Tonglble ossets 14 4.998.296 5.010.545 Investments 15 1,033.158 921.841 5,931.454 5.932.386 Current assets Stocks 1.187 1.187 Debtors 16 .312.139 1.203.407 Investmenis 17 5.125.000 900.000 Cash ot bonk and In hond 2,499,280 4.850.113 8.937.606 6.954.707 Creditors.. omounis falllng due wlthin one yeur 18 (84S.346) (949.798) Net Current asset$ 8.092.260 6.004.909 Totul net assèts 14.023.714 11.937.295 Chorlty funds Restricted funds 23.000 Unrestricted funds 14,000.X4 11.937.295 Total funds 14.023.n4 11.937.295 The ChorSloble Compc>ny's net movement in funds for the year wos £2.086.419 (2023- £1.204.050). The Trvstees ucknowlecjge their responsibilities lor complying with the requirements of the Act with respect to occovntlng records ond preporotion of flnancial gt(Jtemeni& The financial statements were L)pproved and outhorlsed for Issue by the Trustees ond signed on their beholf by.. M F Gollggher Chair of Trustees Dote.. 31 October 2024 The notes on poges 23 to 48 form port of these hnoncial statements. "Troge 21
Midland M•ncop (A compuny 1Fm1t by gvarantee) Consolldoted stotèm•nt of cosh flows For the year ended 31 March 2024 2024 2023 Note Cash flows from operoting urtlvitlès Net cosh used in operating activities 21 1.860.952 1.254.525 Cosh flows from Invesilng octlvltles Dlvidends. interests and rents from investments 160.875 109.897 Proceeds from ihe sale of tongible fixed tssseis Purchase ol iongible fixed ossels Proceeds from sale of iaveslments 24S.772 (34.965) (2.538.438) 140,255 123.816 Purchose of Ilsted investmerits 035.951) 047.751) Nèt cosh provld•d by/{vsed In) investing actbViti•s Cash flows from finoncing octlvlties 359.547 (2.436.037) Repoyments of finance leases (2.529) Net cash provid•d by/(vsed In) flnancing ottivlti•s (2,529) Change In cash ond cash ¢qvi¥ol•nts In ihe year 2.220.499 0.184.041> Ctssh ond cosh equlvolents ot the beginnirig of the yeor 022.304 7.206.345 Cosh und Cash èqv1v0nts ot th• •nd of the yeor 22 8.242.803 6.022.304 The nc)tes on ptsges 25 to 48 form port of these finoncial stotements Page 22
Midland Mencop IA compgny limitÈd by gvarantee) Notes to tht financiol stotements For the year ended 31 Morch 2024 Gèn•rol Information Mldlond Mencap 15 a charitoble compony Incorporated under the Componles Act in Englond ond Woles ond reglstered with the Charity Commission lor Englond ond Wales. The regi5terecl number and uddress of the registered office ore given In the reference and administration sectlon of these financiol statements. The noiure ot the chority's operutions ond principul octlvlties ore to provlde ts wide ronge of servlces to people with leorning disobllitles. which Include Home Support. Supported Living. and the Corers Emergency Response Service (CERSI under rhe chority's CQC registered domlciliary core servlce& Leornlng Disabllity Community Wellbeing Service {CWSI. Sitting Service. Plocing Vulnerable Urbtsn Residents Into Employment ond Training IPUFIE) ond Housing Management Services. Accountlng polldes 2.1 8osis of pr•parailon of flnonclol statements The fIrnCIal statements hove been prepored In occordonce with the Charities SORP IFRS 102)- Accounring tsnd Fleporting by Chorities.. Stotement ol Recommended Proctice applicable to chtsrities preporing their occounts In occordonce wlth the Flnancial Reporting Stondord opplicable in the UK and Republic of Irelond IFRS 1021 (effective 1 Januory 2019). the Finonciol Reporting Stondord oppllcoble In the UK (5nd Repvblic of Irelond (FRS 102) ond the Companies Act 2006. Midlond Mencap meets the deflnitlon of ts publlc benefii entity under FRS 102. Assets and liabilities ore initially recognised at historlcol cost or tronsaction vulue unless otherwlse stoted in the relevont accounti policy. The Consolidoted statement of financlcil OctVIlle$ (SOFA) ¢Jnd Consolidated bulonce sheet consolidote the financial stutements of ihe Choritoble Compony and its subsidiory undertoking. The results of the subsidiary are consolidoted on o line by line bosls. The Choritoble Company hos t(Jken advontoge of the exemption allowed under section 408 of the Comptsnies Act 2006 ond has not pre5entecl its own Stotement of financiol activities in these financiol statement 2.2 Going ¢onc*rn The Trustees ossess whether the use of going concern Is oppropriate i.e. whether there ore uny mtheriol uncertainties reloied to events or conditions thot moy cost significont doLJbt on the obilrty of the Group and the F)arent chtsrittsble compony io continue as o going concern. The rrusiees make this asSement In respect ol a period of one yeor from the date of authorisation for issue of the finoncicjl statements ond hove concluded thot the Group ond the porent charitable company hos oclequoie resources and Ilquld funds svfficlent to support Its cash flow requirements ond to continue in opertstlonol exlstence for the foreseeable future ond ihere are no materlal uncertciiniies obout the charlty's ability to continue a5 Q 90ing concern, thus they continue to odopt the going concern bosis of occc>unting In preparing the financial statements. Poge 23"
Midland Mencap (A compunu limited b¥ guorontèt) Notes io the fIrnCl1 statemènts For the year ended 51 Morch 2024 Actountlng pollcSes (continued) 2.3 Income All Income Is recognised once the Choritoble Company has entitlefnent to the income. it Is proboble thot the income will be received ond the omourit of income recelvable con be meosured reiiobly. Gronts ore Included In the CoDs0lidoted stotement of financial activities on o receivoble bosis The b(slonce of Income recelved for speclflc purposes bui noi expended during the period is shown in the relevont funds on the 8alufjce sheet. Where income is received in odvonce of entitlement of receipt. rts fecognillon is deferred and Includecl in creditors as deferred income. Where entitlement occur5 before income is received, the Income is occrued. Gifts donoted for restsle csre included os Income whern they ore sold. Investment Income Is eorned through holdlng ossets for investment purposes such os shores ond propertu. It includes divldend& interest ond rent. Where il Is noi prociicoble to identify investment monogement costs incurred within o scheme wlth reosonoble aceurocy. Ihe Investment InCOff Is reported net ol these CC>Sts. It Is Included when the amouni con be measured reliably. Interest Income Is recognised using Ihe elfertive Inrerest rote method ond dividend Income is recognised 0$ the choriioble compony's rlght to recave puyment is estoblished Income tox recoveroble in relotion to investment Income 15 recognised oi the time the Investment Income Is recelvoble. Incoming resources from gronts. where rel(rted to performonce ond specific deliverobles. are occounted lor os the Charity earns the right to considerotion due by its Satisloaion ol performonce obligatlons. Income recelved through contracts is recognised from the point in whlch the Chariioble Company h05 entitlement to the funds. contract conditions hove been fully met or rt is proboble thot the income will be received. Where gront fvndlng agreemenrs contoln condltions that specify the services to be performed In the form of o service level ogreement. the conditlons for poyment ore linked to the achievemeni of o Pofllculor level of service or the units ol output delivered. Income must only be recognised to the extent thot the Chority hos provided the specified servlces os entitlement to the groni only occurs when the performance-related condltions are met. Other income is recognised In the period In which it is receivoble and to the exient the goods hove been provided or on completion of the servlce. Poge 24-
Midlond Mencop (A compuny limited by gvarantee) Notes to thè flnandol statements For the yegr ended 31 March 2024 Accountln9 policle5 (continuèd) 2.4 Expendltvre Exper&iture Is recogni5ed once there is o legol or constructive obligation to transfer economlc beneflt to a thlrd party, it Is proboble rhot a transfer of economic benefits wlll be required iri settlement ond the amount of the obligation con be meosured reliably. Expenditure 15 clussllied by ociivlty. The costs ol eoch activity ore made up of the total of direct costs ond shored costs. Including support cosis Involved in vndertoking eoch Qcilvllg. Dlrect costs attributoble to o single octlvity ore ollocated directly to thot Oclivity. Shored costs which contribvte to more thon one activity and support costs which ore not attribLrtoble to o single activlty ore apportioried between rhose octivlties on a basis consistent with ihe use of resources. Central staff c05ts ore ollocoted on the basis of time spent. ond depreciatlon chorges ollocoied on the portlon of the asset's use. Expenditure on raising funds includes oll expenditure incurred by rhe Group to ralse funds for its charitoble purposes ond Includes costs of oll fundrolslng Octivitles events and non-choriioble trodlng. Expenditure on choritoble activities 15 incurred on dlrectly undertoking the octivfties which furiher the Group's objectives. as well as ony ossocloted support cost5. Governance costs Include those costs ossociated wlth meeting the constitutionol ond statuiory requirements of the Chorliy ond include audit fees ond costs linked to the strotegic management of the Chority. All expenditure is Inclusive of irrecoveruble VAT. 2.5 Interest receivable Interest on funds held on dewslt is included when receivoble ond the amount can be measured reliobly by the Group.. this is normolly upon noriflcotlon of the Interest pald or poyoble by the Institution wlth whorll the funds ore deposited. 2.6 Taxatlon The Choritoble Company is considered to poss the tests set out in Porogroph 1 Schedvle 6 01 the Finance Act 2010 ond therefore it meets the definition of o choritoble compony lor UK corporoiion roK purposes. Accordingly. the Choritoble Company is FX>tentiolly exempt from toxalion in respect of income or copitol gains receivecl wh1n coregorles covered by Chtspter 3 Pofl li of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chorgeoble Goins Acl 1992. to the extent thot such Income or galn5 are opplied excluslvely to charitable purposes. Poge 25
Midlond Mencap (A compony limhed by gvurantoe) Notes to the fintsnciol stotements For th• y•or ended 51 March 2024 Accountlng pollcles {continued) 2.7 Tangible Ted assèts ond depredation Tongible fixed assets costing £1,000 or more ore coprtolised ond recognised when future economlc benefits are probable ancl ihe cosi or volve of the cjsset ctsn be meosured rellobly. Tongible fixed assets ore intlially recognised ot cost After recognltion. under the cosi model. tongible fixed ossets ore meosured ot cost le55 accumuluted depreclotlon and any accumulated impoirmeni losses. All costs incurred io brlng o tongible fixed osset Into lis Intended working condition should be Included in the meosurement of cost. Individuol freehold properties are initia11y recognised ot cost After recognition. under the revalucrtlon model. tangible fixed osseis whose folr volue con be meosvred rellobly shall be carried at a revalued orriount. being their foil value ot the dole of revaluation less ony subseqvent occvmvloted depreciatlon and subsequent accumuloted impoirment losse& Revolvoiions ore made with sufficient regulL)rity to ensur¢ that the carrying omouni does not differ materitslly from thot whlch would be determlned using fair volue ot the end of the rewrting dote. Falr volues ore determined from morkei-bosed evldence by opproisol thot is normolly vndertoken by professionolly qvolified valuers. 11 there is no markel-based evidence of fair value because ol the specitslised nature of the tonglble fixed asset and it is rorely sold. except as part ol a contributing business. o Chorituble Comptsny moy need to esiimote foir value using on income or depreciated replacent cost opproach. Gaing and losses on revoluation are recognised in the Consolidoted slatement ol linonciol (Jctivities. wirh a separate revoluoiion reserve belng shown In the Statement of funds note. At eoch reporting dote the Chorltable Compony ossesses whether there Is ony Indicotlon of Impolrment. If such indlcatlon exists. the recoveruble omount of the asset Is determined to be the higher of Ils foir volve less cosis io sell ond Its volue In use. An irllpjirmeni loss Is recognised where the corrying omouni ekceeds the recoveroble omovnt. Depreciotlon Is chorged so os io allocote the cost of tangible fixed osseis less their reslduol volue over their estimoled v5efvl live& using the straiuht-line merhod. DepreciL)titsn is provlded on the following bases.. Freeholcl property 2% straight-line Leasehold property over the term ol the lease Leosehold property improvements- 10% stroight-line Motor vehicles 25% strolghi-line FixturÈs and fittings 10%- 35% stroighi-llne Office eguipmenr 10%- 35% 5traight-line Gcslns ond 105ses on disposals ore determlned by comparing the proceeds wlth the corrylng omount ond ore recognised In the Consolidoted stotemeni of finonciul aclivitie& Page 26
Mldland Mencop (A compony Ilmrted bu guurgntee) Notes to ihe finand(Jl stutemènts For the year ended 31 March 2024 Accountlng polic6ès (contlnvedl 2.8 Invesiments Fixed osset investments ore a form ol finonciol Instrument and are initially recognised ot their tronsaction cost and subsequently meosvred at fair volue ot the Bolonce sheet dote. unless the volue connoi be measured reliobly in which cose it is measured ot COSt les5 impoirment. Investment gains and losses, whether reollsed or unreolised. ore combined ond presented as 'Goins/(Losses) on investments. in the Constslidoied stotement of financial octivities. Investment5 in subsidiaries are volved ot cost less provision lor impoirment. 2.9 Stocks Siocks ore valued at the lower of cosi ond net reolisable value_ Donoted Items not yet sold are not included. 2.10 Debtors Trode ond other debtors are recognlsed ai the settlement omouni after ony irode dlscount offered. PrÈptiymonts ore valued ot the omount prepoid net of ony trcscle discounts due. 2.11 Current as¥et Investments Current osset investments Includes cosh on deposlt wlth o maturity dcrte of less ihon one yeor held for shorl-term investment purposes rother than coshllow. Current osset investments are valued at foir volve vnless they qualify as'basic, flnonclol osse 2.12 Cosh at bank ond in hand Cosh at bank and in hand includes cosh and short-term highly liquid Snvestments with a short moturity ol rhree months or less from the date of OCqLilsltion or opening ol the depc>sit or slmilar occount. 2.13 Llobilfjtles and provlslons Liobilttries ore recognised when ihere is on obligabon at the 8olonce sheet dale as o result ol a post eveni. li is proboble that o transfer ol economic beneflt will be required in settlement. ond the omount of the seitlement con be estlmaied reliably. Liabilttries are recognised ot the omount that the Choritoble Compony anticip(rtes it wlll pay to seiile rhe debt or the omount It has recewed os odvonced payments lor the goods or services It must provide. Provislons ore meosured at the best estimote of the amounts required to settle the obligation. Where the effect of the tirne volue of money is material. the provision Is bosed on the present volue tsf those omounis. dlscounted tst the pre-tox dlscounl rcjte that reflect5 the risks specific to the liobility. The unwindlng of the discount Is recognised in the Consolidoted siatement of financial Ocilwltles as o finance cost. Poge 27
Midland Mencop (A company Ilrnit¢d by guorontee) Notes to the finandol stottments For the yegr ended 31 March 2024 Ac¢ountln9 policies (continved> 2.14 Financfjol Instrvments The Group only hos linanciul assets ond finonciol liabilities ol a kind thot quolify os bosic finonciol instruments. Boslc flnonclol Instruments are initially recognlsed oi transactlon value and subsequeriily measured at their settlement value with the exception of bank loons whlch ore subsequently measured at omortlsed cost using the effeciive inieresi meihod. 2.15 Finance leases and hire pvrthtssè Assets obtained under hire purchose controcts and finance leases ure copltollsed os tangible fixed assets. Assets ocquired bu finance lease are deprecitsted over the shorter ol the lease term ond their useful Ilves. Assets ocquired by hire purchose are depreciated over their useful lives Flnance leoses ore those where substontiolly all of ihe beneflts ond risks of ownership are ussvmed by the Churity Obligations under such ogreements are Inclucled in creditors. nel of the finance charge allocoted io fufure perlods. The finonce element of the rental payment is chorged to the Consolidated statement ol finonclol octlvitles so os to produce o constont perlocjlc rate of chorge on the net obligotlon outstC2ndirig in each period. 2.16 Operoting leose$ Aentols paid under operoting leases are charged to the Consolidated stalement of finonciol activltles on o stroight-llne bosls over the leose term. 2.17 penSh$ The Group operotes a defined contribvlion pension scheme The o¥ets of the scheme ore held seporoiely from those of ihe Choriiy ond the pension charge represents the omovnts payable by the Chanty to the fund In respecf of the year. 2.18 Fund accovnting Generol Ivnds ore vnresirlcted funds which are uvailoble for Use ot the discretion of the Trustees in furtherance of the generol objectives of the Group and which hove nor been designoted for other purposes. Des4gnoted funds comprise unrestricted funds thot hove been set aside by the Trustees for portlculor purposes. The olm ond use of each desigrioted fund is sei ovl In the notes to the linonciol stotements Restricted funds ore funds whlch ore to be used In accordtsnce with speclflc restrictions Imposed by donors or which have been raised by the Grovp for porticulor purposes. The costs of roising and odministering such fLJnds ore charged a90inst the speclfic fvnd. The olm ond use of each resiricted fLJnd Is set out in the notes to the flnonciol stotements. Investment income. 90ins ond losses are allocated to the oppropriote fund Poge 28 -
Midlond Mencap (A ¢ompony limlted by guurantee) Notès to th• tinonclal statements For the yeor ended 31 March 2024 Ac¢ovntSng policies (continued) Crltical accounting •stlmotes ond oreos of judgem•nt In the application of the Group's occounting policies. Ihe Trvstees required to moke judgewents. estimotes ond assumptions about the corrylng omovnt of assets and Ilobllilles rhoi ore not readily apporent from other sources Estimotes ond judgements ore continuolly evaluated and ore bosed on hLStorlcal experience and other lottors. Includlng expectotions ol future events thot ore believed to be reosonoble under the circumstance5. The choriloble compony makes estimutes ond ossumption5 concerning the fvlure The resvltlng accounting estimates and ossumptions vlll. by definitior). seldom equal the reloted octual results. Revisions to accounting estim(rtes are recognlsed In the period in which the estimote is revised where the revision affects only thoi period. or In the period of the revision ond fLSture periods where the revision offetts both current and future periods Criticol occounting esbmates ond ossumptions.. Depreciation . Vsefvl t¢tsnomi¢ lifè ond residval valve Tonglble fixed ttssets are depreciated over thelr vseful lives taking into occount reslduol volues where oppropriate. The ocruol Ilves of the assets tsnd residvol volves ore assessed annuully tsnd vory depending on o number ol factors. In reossessing the useful economlc Ilves of ossets. foctors such os technologlcal nnovation. producl life cycles ond mointenonce programmes ore loken into account. Residual value tsssessments consider issves such as future morket condition& the remoining life of the ossel ond projected disposul volues. ond plons to dispose of an asset before the prevlovsly expected date. P(ige 29
Mldlond Mencap (A company Ilmlted by guaruntee) Notes to the finoncial $tutement$ For thè year ended 31 March 2024 Income from donations and lego¢le$ Unrestricted fund5 2024 R•strict•d funds Totol funds 2024 2024 Donotions 3.238 5.238 Grants 475.825 654.355 479.063 634.555 1.113.419 Unrestricted funcls 2025 Restrlcted funds 2025 Totol fvnds 2023 Donations 7.897 7.897 Gronts 370.736 542,348 913,084 378.633 542.348 920.981 Poge 30
Midlond Mencop (A compony limoted by guarontee) Notes to th• flnanclal statements For the yeor ended 31 Moreh 2024 Income from churituble ¢¢tlvltles Unrestrlcted ftsnds 2024 Totol funds 2024 Totol funds 2023 Domlciliow care fees H8 & Aesldents contributions 4.754.107 4.754.107 4.598,873 2.480,067 2,480.067 883,170 1.789.427 Carers Ottivities (Forword corers) 883.170 840.445 Activity and travel contributions Supporting people Other contributions 713.235 713.235 704.243 659.698 6S9.698 507.368 126.006 126.006 85.991 PA service 55.377 53.377 56.175 9.669.660 9.669,660 8.562.520 The Sncome In 2023 wos wholly attributoble to unrestricted funds. Income from other troding octivities Unrestrlcted funds 2024 Total funds Total funds 2024 2023 Cofé and bar 13.529 13.529 8.318 Room lettlngs 3.100 3.100 16.629 16.629 8,518 The income in 2023 was wholly attributable to unrestrlcted funds. Poge 31
Mldland Mencop (A company Ilmlied by gugrontee) Notès to the flnanclal statement5 For the year èndtd 31 March 2024 Investment in¢om Unr•$trlcted funds 2024 Totol fvnds 2024 Total fvnds 2023 Rentol income 42.614 42.614 47.066 Income from listed investments 18.868 18.868 14,062 Interest receivable 99.593 99.593 48.769 160.875 160.875 109.897 The income in 2023 was wholly attributoble to unrestritted funds. Other in¢oming resources Unrestricted funds 2024 Rstrirt•d funds 2024 Totol fL¢nds 2024 Miscelloneous Income 14.059 14.059 Surplus on disposal of fixed ossets 20.355 20,555 14.059 20.355 34.414 Unrestricted funds 2023 Total funds 2023 Miscelloneous income 6.795 6.795 Poge 32-
Midland Mencap (A company limited by guoroni••) Notes to the finoncial stot•ments For the yeor ended 31 Mgrch 2024 Expendltur• on rolslng fvnd5 Dlred fundraising costs Unrestricttd funds 2024 Total fund5 2024 Totol fund5 2023 Cofé and bor 17.365 17.365 Investment monogement lees 6.733 6.735 24,096 24.096 The expenditure in 2025 wos wholly ottributable to unrestrirted funds. Anolysls of expenditure on charitablè octivitles Svmmory by fund type Unrestrict funds 2024 Restrlcted funds 2024 Totol funds 2024 Domlclliory core. suppc)rted living. wellbelng ond other core services 8.291.928 629.939 8,921.867 Unrestricfed funds 2023 RestriJed fund5 2025 Totol Ivnds 2023 DomScillary care. supported livlng, wellbeing ond other care servlces 7.791.119 561.348 8,352.467 -Poge 35-
Midland Mencop (A company limitèd by gvgruntee) Notès to thè finontial stotements For the yeor ended 31 March 2024 10. Anoly$15 of expendlture by ortlvrtles ActSvltles undortokèn directly 2024 Support cosis Totol funds 2024 2024 Domiciliary care. svpported Ilvlng. wellbelng ond oiher core servlces 7.951.745 970.122 8.921,867 undertaken directly Support costs 2023 2025 Toiol funds 2023 Domiciliory core. svpporled living. wellbeing and other core services 7.296.923 1.055.544 8352.467 Anolysl$ of dlre¢t costs Total funds 2024 Total funds 2023 Stoff costs 7.355.031 6.703.921 Deprecloiion Stoff troining. recruitment and other staff Costs Subcontracting and agency 166.156 167.236 60.659 72.814 258.570 226,028 Service delivery 175.329 126.924 7.951.745 7.296.925 Poge 34
Midland Meneop (A compony limited by gvorontee) Notes to the fintsnciol stotements For the yeur ended 31 Mgrch 2024 10. Anolysls of expenditure by activities (¢tsntinued) nalysls of support costs Tottsl fvnds 2024 Totol funds 2023 Println9. Postage. stationery and equipment Clecsning costs IT equipment. 50ftware L)nd molnienonce costs Repoirs and renewals Utillly Costs Rent and rotes 106.577 99.332 54,545 45.153 208.809 167.487 100.008 98.098 76.741 95.556 230.209 301.210 Licences and subscrlptions Legol and professional 27.054 20,709 6Q391 36.7 Insuronce 55.943 60.572 Bonk chorges Advertislng 4,542 5.068 4.496 8.475 Governance costs 35.007 116,967 970.122 1.055.544 11. Net income for the u¢or Net income for the Group Is sloted ofter chorging.. 2024 2025 Rentols on operating leoses 212.281 278.883 Auditor's remuneration 27.600 26.352 DeprecSoiion of tongible flxed ossets 166.156 167.236 Ptsge 35
Mldland Mencap (A companu Ilmlted by gvoronteè) Notes to Ihe financlol stot•m•nts For the yeor •nd•d 31 March 2024 12. Staff costs Group 2024 Group 2023 Charity 2024 Charity 2025 Wages and Salaries Social security costs 6.734.774 6.142.438 6.419.555 5,566.170 492.521 449.365 468.256 412.081 Pension costs 125,756 112.118 120.278 102.967 7.353.031 6.703.921 7.007.889 6.081.218 The overoge number of persons employed by the Chorltoble Comptsny during the year wos os follows. Grovp 2024 Group 2023 No. Charity 2024 No. ChL)rity 2023 No. Management Operational Admlnlsirotion 20 15 20 15 297 351 257 296 28 17 28 17 345 383 315 328 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2024 No. Group 2023 In the band £60.001- £70.000 In the band £80.001 - £90.000 In the bond £90.001 - £100.000 In the btsnol £100.001 £110.000 The key management personnel of the chority con51St5 of the trustees ond the senior monogemeni tetsm. The totol omovnt o* employee benefits received by key monogemeni personnel is £400.82812023- £469.362). 13. Trust••s' remvnerotlon ond expenses During the year. no Trustees received any remuneration or other benefits (2023- £NILI. During the yeor ended 31 Murch 2024. travel expenses totolllng £27 were reimbursed to 1 Trustee12023 £27n. Poge 36
Midlond Mencap (A compony limlted by guoront••) Notes to the finonciol stotèments For the yeor ended 31 Morth 2024 14. Tongibl• fixed assets Group Fr••hold Leasehold office Fixtures and propèrty •qulpment fittings Motor vehiclès property Totttl Cost or valuation At l April 2025 Additlons 6,062.397 659.341 255.639 346.538 40.889 7.364.804 24.589 8.936 1,440 54.965 D15posals (250.000) (250.000) At 31 Morch 2024 5.812.397 683,930 264.575 347.97B 40.889 7.149.769 Oepr•ciotlon At 1 April 2023 506.656 597.323 228.005 314.069 33.849 1.479.900 Chorge for the yeor On disposols 120.831 12.386 16.324 11.933 4.685 166.157 <24.583) (24.585) At 31 Morch 2024 402.904 609.709 244.527 326.002 38.532 1.621.474 Net book vulue At 31 Morch 2024 5.409.493 74.221 20.248 21.976 2.357 5.528.295 At 31 Morch 2023 5.755.741 62,018 27.636 32.469 7.040 5.884.904 Freehold property Includes two core homes. 4 Greswolde Pork Rood ond 7 Silver Birch Road. Tlese properties were revolued in August 2019 ot £350.000 eoch by on Independent propeny servlces ond estote ogency company bosed on open market value. -Po9e 57
Midlond Mencop (A comptsny limited by guarantee) Notes to thè finondol stotement$ For the yeur ended 31 March 2024 14. Tanglble fLKed Qssets (continuèd) Chority Frèèhold property Leasehold prop•rt Offic• Flxtures and eqvlpment fittings Motor v•hlcles Totol Cost or volvatlon At 1 April 2023 Addition5 5.112.397 659.341 251.580 344.888 40.889 6.409.095 24.589 8.936 34,965 At 31 Morch 2024 5.112.597 683.930 260.516 346.328 40.889 6.444.060 Depreclotion At l April 2023 Charge for the yetsr 230.657 597.323 224.305 512,416 33.849 1.398.550 102.247 12.386 15.965 11.935 4.683 147.2M At 31 March 2024 332.904 609.709 240.270 324.349 38.532 1.545.764 Net book valve At 31 Morch 2024 4.779.493 74.221 20.246 21.979 2.357 4.898.296 At 31 Morch 2023 4.881.740 62.018 27.275 32.472 7.040 5,010,545 Freehold propertu includes £375,257 lor the cost of lond. which is not deprecioted. Page 38
Midland Meficop (A company limited b¥ gvorontÈ•) Notes to the financiol statements For the year ended 31 Morth 2024 15. Fixèd osset Investments Listèd Investment$ Cosh in portfollo Total Group and Chorily fvlorkét volu• At l Aprll 2023 Additions 917.066 4.775 92t841 15S,951 0SS.951) Dlsposals Revoluotions 029.721) 125.270 (4.45 103.633 103.653 Income net of lees 12.135 12.135 At 31 Morch 2024 1.026.929 6,229 1.033.158 The historical cost of investments ot 31 March 2024 wos £1.002.301 {2023- £870,117). 16. Debtors Group 2024 Group 2023 Chority 2024 Charity 2023 Trade debiors 799.507 942.456 740.374 808.435 Amounts owed by group unéerioklngs Other debtors 5.272 25.309 23.147 Prepoyments ond occrued income 577.023 438.363 543.346 394.972 1.401.839 1.380.819 1.312.139 1.203.407 17. Current ossèt investments Group 2024 Group 2023 Chority 2024 Chority 2023 Short-term deposits 5,125,000 900.000 5.125.000 900,000 Page 39
Midlond Mencop {A company limlted by guarantèè) Notes to thè finonciol stotements For ihe yeor ended 31 March 2024 18. Creditors-. Amtsunts folling dv• within one year Group 2024 Group 2023 Choritv 2024 Chority 2023 Trade crediiors 82.123 B1.532 119.577 Other toxution ond soclol secvrltu Obllgotions under finance leoses Other creditors 120.533 111.352 112.433 102,820 7.205 7.205 586.729 625.560 568.965 442.977 Accruols ond deferred income 84.606 298,272 75.211 284.624 881.196 1.035.184 845.346 949.798 Obligations under finonce lease ore secured over the assets to which they relote. Group 2024 Group 2023 CharY 2024 Chorlty 2023 Deferred Income ot l Aprll 2023 212.275 20.110 212,273 20.110 Resources deferred during the year 212.273 212.273 Amounts releosed from previous periods (212,275) {20.110) (212.273) (20,110) 212,273 212.273 Deferred Income relates to gront/contraa fundlng recelved ir, advance for the delivery of projects and services iin the lollowing year.
Midland Mencap (A compony Ilmhed by gvarontee) Notes to the flnlinclol statements For the yeor •nd•d 31 Morth 2024 19. Stutement of fvnd$ Stotement of fvnds- Current year Balance at 1 April 2023 Transfèrs In/iout) Guins/ 8alonc• ffj 51 (Losses) Murch 2024 Income Expendlture Unrestritted fvnds Destgnated fvnds Tongible fixed assets Domcore services 5.010.904 047.214) 34.606 4.898.296 800.000 800.000 IT system Investment Community Hub project Buslness development 400,000 400.000 500.000 500.000 500.000 500.000 7.210.904 047.214) 34.606 7.098,296 Generol fvnds General Fvnds 5.092.967 10.340.286 (8.168.810) 211.165 99.182 7.574.790 Total Unrestricted funds 12.303.871 10.340.286 (8,316.024) 245.771 99.182 M.673.086 Restrlcted funds Communliy Hub Walsoll Hub 100.000 000,000) 78.529 (78.529) (7.000) (241,185) (33.103) Wolsoll Groups CYP CommSssion 7.000 241.185 Pork Rlde 33.103 81rmlnghom Multi-core Freehold property- BMC Oliver McGowan 151.538 U51.538) 874.000 20.355 <18.584) (245.rn) 630.000 23.000 25.000 874.000 654.710 (629.939) <245.771> 655.000 Totol of funds 13.177.871 10.994.996 (8.945.963) 99.182 15.326.086 Poge 41
Midlond Mencop (A compony limited by guorantet) Notes to the finonciol statemènts For ihe year ended 31 Murch 2024 19. Statem•nt of funds (contlnued) Oeslgnoted furbds The £2.200.000 reserves ore dèslgnoted to Domiciliary core services (£800k). IT system investment {£400k}. Community Hub proJect (£500k) ond new buslness development (£500k). Restrlcted funds The Community Hub - o service lor odvlis wlth learning disobllily. offefing meaningful doyiime opportunlties ond octivities such as education. training and leisure. Sioff consult individuals. their carers and ftsrrilies. to iollor servlces io sult thelr needs and wSshes. arranging support ond octivlties. ond signposting to other relevont agents if neces5ory.'You Choose, service is port of the Community Hub gront thot gives Informotion ond advice. uslng person-centred opprooches. to youn9 people wlth learning disobilities in the tronsition period of movlng from educution to adult life. Staff helps the servlce-user to plon ond organise their core support, explorlng thelr tspllons. in o culturally sensitive woy to meet their everydoy needs. ond give practical c>dvice in mano9ing their finances. The Walsall Hub o service for oll people wlth o leorning disability. offering opportunities ond OctltIeS SLJch os educotion. leisure and training. The services are provided In o bespoke setting In Wolsoll town cenire. Walsoll city Councll provldes fundlng towords the bullding L)nd clubs. Walsall Group5 Covncil. a service focilitotlng soclol groups for people with o leurning dlsoblllty funded by Wolsoll Chlldren's Commissloned SeIce5- offer short breaks usvolly In 2 hour blocks to family carers. This gives them some free time to pursue ihelr own Interests. secure in the knovAedge thoi ihelr dependent 15 professionally supported. Pork Rlde- o Sports England funded project thot focilirotes on Inclusive family cycling project that provides the whole fomlly. regordless of age or need with the opporivnliy io enjoy the greot outdoors together by uslng o ronge of odopted ond moinstreom bikes. Birmingham Multi-care Reslricted income- 8irminghom City Council funds the two respiie core homes ond the dou centre to provide respite care and doy time Ociivities for Blrminghum Multl-care's citizens and cijrers. Freehold properly BMC represents the value of the properties held In the svbsidiory. Birminghom Multi-care Support Services Limited. Oliver McGowan - funding to enable the dellvery of the Ollver McGowan Mandatory Trolning (ONMTI. Tronsfers between fund$ The transfer of £245.771 in ihe ueor from restricted funds tts unresiriued funds represents the sale of 7 Broithwoite Rood." the reolisotion of o cosh return on the sole of the freehold properry ond therefor& the conversion of restricled copital funds into unrestrlcled funds. Poge 43
Midland Mencap (A company limited by guarortt••) Notes to the flnondal $tatÈmènts For th• y•or ended 31 Morch 2024 19. Statemènt of funds (contlnued) Statement of fund5- prlor y•or Bolance ot 1 April 2L122 Tronsfers in/{out) Gains/ Balonce at (Losses) 31 Morch 2023 Income Expenditure VnrestrScted funds De$i9nated funds Tangible fixed assets Domcore services 2.620.702 {148.2361 2.538.438 5.010.904 800.000 800,000 IT system Snvestment Communlty Hub project Business development 400.000 400.000 500.000 500.000 soo.000 500.000 4,820,702 048.236) 2.538,438 7.210.904 Genergl funds Generol Fvnds 6,258,087 9.066.763 (7.642.883) (2,535.910) 152.490) 5.092.967 Total Unr•strlct•d funds 11,078,789 9.066.163 (7.791.119) 2.528 {52.490) 12.303.871 Restricted funds Communlly Hub Wulsoll Hub 100.000 (100.0001 (42.0841 17.000) 42.084 Walsoll Groups CYP Commisslon 7.000 233.978 (233.978) 1159.286} (19.QOO) 81rminghom Multi-care Freehold properly - BMC 159.286 893.000 874.000 893.000 542.348 1561,3481 874,000 Totol of funds 11.971.789 9.608.511 (8.352.467) 2.528 (52.490) 13.177.87 Page-43-
Mldlond Mencap <A eompony limr¢ by guorunlee) Notes to the tinanciol stotements For the yeor •nded 31 Morch 2024 20. Anolysls of net ass•is between funds Anolysls of net osset$ between funds- currtsnt yeor Unrèstrlcted funds Restrlcted funds 2024 Totol fund$ 2024 2024 Tangible fixed ossets Fixed 055et Investments 4.898.295 630.000 5.528.295 1.033.158 1.033.158 9.645.B29 Current ossets 9.622.829 23,000 Credltors due within one year 1881.196) (881.196) Totol 14.675.086 653.000 15.32&086 Analysls of net os$ets between tunds- prior y•or Unrestritted funds 2023 Restricted funds 2023 Total funds 2023 Tongible fixed aet$ Flxed assei Investments 5.010.904 874.000 5.884.904 921.841 921,841 Current assets 7.404.310 7.404.310 Creditors due wlthin one yeor {l.L)53.184) 0.033.184) Total 12.503.871 874,000 13.177.871 agel4-
Midland Meneop (A company limited by guorontee) Notes to the firbanciol stutements For the yeor ended 31 Mgrch 2024 21. Recondliation of net movement in fvnds to net ¢osh flow from operating aciivitle$ Group 2024 Group 2023 Net income for the period (os per Stotement of Financial Activitles) 2.148.215 1.203.554 Adlusiments for.. Depreciation chtsrges (Golns)/losses on investmenls DNidends. Interests ond rents from Investments 166.156 167.236 (99.182) 52.490 060.875) (20.355) (109.89 Svrplvs on the le of fixed ossets Increose in debtors (21.020) 51.987) (291.674) 232.816 IDecreose)/increose in creditors Net cosh provided by optrotlng artlvmles 1.860.952 1.254.525 22. Anulysis of cash ond cosh •quival•ni$ Group 2024 Group 2023 Cash ot bonk 3.117.803 5.122.304 Short term deposlls 5.125.000 90C>.000 Totol ¢ash ond cosh equivolents 8.242,803 &022.304 Po9e 45
Midland Mencop (A company limitèd by guarant••) Notes to thè flnondol stot•m•nts For the yeor ended 31 March 2024 23. Anolysls of changes In net debt Al 1 Aprll 2023 N•w finonc• lease5 At 51 Marth 2024 Cash fklws Cash oi t>Jnk and in hand 5,122.504 (2.004,501) 5.117.803 Finonce letsses (7.205) (7.205) Short term deposits 900.000 4.225.000 5.125.000 6.022.304 2.220.499 (7.205) 8,235,598 24. Capital commitment$ Grovp 2024 Group 2023 Charity 2024 Charity 2023 Contracted for not pro¥idÈd in these financial stotements Acqui4fion of ianglble flxed ossets 383.368 383.368 25. Pension commiiments The group operates a definect contribution pension scheme. The assets ol the scheme ore held seporotely from Ihose of the group in an Independently odminisiered fund. The Choritable group contrlbutes to group personal pension plons for certoin employees. Midland Mencop continues to comply with Work Ploce Pensions law by making conrributions to the new penslon scheme for all eliglble employees. All employees who ouolify ore ovtomaticolly enrolled into the penslon scheme. Those employees who ore not outomatically eligible are given the opportunlty to opt into the pension schetne. The employer contribution is 3% In line with the Pension regultstor requirement> The old pe10 scheme was closed to new entronts so il is set io remoin stoble or decrease as employees moke coreer moves. The penslon cost charge represents contributions poyoble by the group to the fund ond omounted to £125,756 (2023 - £112.118) Contributions totalling £24.405 {2023 - £2.474) were poyable to the fund ot the bulonce sheet dote and ore inclucled In tsiher credltors. Poge 46
Midlond Meneap (A compgny limitod by gvarontee} Notes to thè flnonclol stat•m•nts For ihe year ended 31 March 2024 26. Op•rotlng lease commltment$ At 31 March 2024 rhe Group ond the Choritable Compony hod commitments lo moke future minlmvm leose payments vnder non-concellable operoting leoses os follows.. As restared Group 2023 As restated Chority 2023 Group 2024 Charlty 2024 Not later ihtsn l yeor Loter thon l year and not later thon 5 yeors In.535 195.130 1n.535 195.130 98.188 269.723 98.188 269,723 269.723 464.853 269.723 464.853 27. Related party tr¢Msactions Birmingham Mulii-core Support Servlces Llmited is a wholly owned subsidiory ol Midlond Menctsp. For the yeor ended 51 March 2024. Midlond Mencop provided all functions of finonclol setvlces. 5trateglc ond operotionol monogemenl. AmoLJnls charged to Birminghom Mvlti-core Supporl Services Limited to cover these costs totalled £101.560 (2023- £98.706). For the parent choriroble compony. the balance due from 8irminghom Nulti- Care Support Services Llmited ot the balonce sheet d(rte wos £5.272 (2023- E45.876). Midlond Mencap is a member ol Forward Corers CIC ond the CEO of Midlond Mencop Is o Boord Director of the CIC and one of two svbscriblng members. The amount due to Mldlond Mencap ot 31 Morch 2024 in respeu of management charges was £13.240 {2023- £51.151). Midlond Mencop is u member ol Pinewood Mointenonce Limited. on estate maintenance servlce responslble for the upkeep of Ihe chorlly's registered office. During the yeor. Midlond Mencap paid service charges of £26.496 to Pinewood Mointenance Llmiied ond received on onnuol mtsnogement chorge of £7.875. Deialls of key monogement personnel retnunertsiion con be found In note 12. Post bolonce sheet events Slnce the year end. the Trustees decided to hive up oll of the residuol octltIeS ond funds of Birmlngham Multi- Core Support Services Limited into Midland Mencop. following an orderly wind up of the subsldiory chority, 29. ControllSng party The ullimote controlling ptsrty of the Group is the Chority'g Boord of Trustees. Pa9e'47
Mldlund Mencap (A company limited bu guoront¢È) Notès to the flnanclul statements For the year ended 31 March 2024 30. Prlnclpol sub$ldlgrle$ The following wos a subsidiury undertoking ol the Chority.. Name Company number Prlnclpol octivity Blrminghom Mulri-core Support Servicés Limiied 02399075 Provision of core services to people In Birmingham who have multiple disabilities ond respite to their parents and corers The finonclol results ol the subsidiary undertaking for the year were.. Net assets 31 Morch 2024 Income EÈndIIurt 2024 2024 Name 8lrminghom Multi-care Support Services Llmlted 580,242 (521.869) 1.302.373 The subsldiory undertaking has the Some reglstered office cjddress as the porent Chorlty ond is Included in this congolidotlon. "Thage78