Reglstered number: 03006451 Charity number: 1043360 Midlarbd Mencap Trustees, Report ond Flnoncial Statements Forthe ueor ended 31 Norch 2025 midland cap Mldland Mencap (A company limited by guarantee) Contents Page Reference and Admlnlstratlve Detolls of the Chorliy. Its Trvstees and Advlsers Trusteeg Report Independent Avditor's Report on the Finandal Stotemenls 17-21 Consolidated Stotement of Flnandal Activities 22 Consolkloted 8olonce Sheet 23 Chority Balance Sheet 24 Consolidated Stotement of Cash Flows 25 Notes to the Flnonciul Statements 26-52 MSdland Mencap (A company limited by guamntee) Reference and Adminlstrative Dètoils of the Charity. its Trvstees ond Advlsers For the yeor ended 31 March 2025 Trustees M A Roberts. Chair K Gujral Dr F M Mcconnell N P Green C S Proctor N Smith A H E Wlnter M A Roberts C Jones Company registered number 03006451 CharSty registered number 1043360 Registered offlce Unit E, Plnewood Bell Heoth Woy Woodgote Business Park Birmingham B32 3BZ Chief executive offlcer D Rogers Independent auditor Dalns Audlt Llmited 2 Chamberlain Sqvore Paradise Birmingham 83 3AX Bonkers Unity Trvst Bonk Four Brindley Place Birmingham B12J8 Page1 Mldlond Mencop (A company limlted by guarantee) Trvsteeg report For ihe year ended 31 March 2025 The Trustees present their annual report together with the avdited flnancial stotements of the Chority for the year 1 Aprll 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm thot the Annuol report ond finonciol statements of the charltoble compony comply wlth the current statutory requlrements. the requirements of the charltoble componu's governing document ond the provisions of the Stotement of Flecommended Practice (SORP} applicable to charities preparlng their accounts in occordonce with the Financlol Reportlng Standord applicoble in the UK and Republlc of Ireland (FRS102) (effective I Jonvory 2019). Vlslon A soclety where people with learnlng disobilities hove occess to safe. inclusive. ond person-centred care and support promoting ond enabling actlve citizenshlp ond full porticlpotion in communlty life. Mission To empower individuals with learning disobilities to Ilve independently. confidently. and safely In homes of thelr chooslng. supported by a network of inclusive. svstoinable community-based services. Objectlves ond activitles o. Policies and objectlves The current orgonisatlonol strategy continues to guide Mldlond Mencop in on envlronment morked by extreme challenges ond uncertainty In funding ocross ihe Third Sector. Despite these pressures. Midland Mencap maintalns a progressive. solutions-focused strotegy thol identlfies opportunities for growth in servSce delivery to better serve pèople wiih disabilities. thelr famllles and carers. irrespective of oge, gender, or ethnicity. To deliver Midlond Mencap's olms and objectives. we strive to.. Consolidaie Midland Mencap's posltion 0$ o leadlng disobility provlder in the West Midlands. Embed recent governance changes into our offer to citizens ond thelr families. strengthenlng and broadenlng occess to our three core 5ervlce areas. Further enhance the organisation's governonce through ongolng Board development and trustee recrultment. Position Mldland Mencap as a sector leader in the delivery of Universal Prevention Services, Align our Housing wlth care ond support provislon with emerging Prevention First and lifestyle commlssioning fromeworks in sociol care and Public Health. Strengthen relationships with regional locol outhorities. West Mldlonds Combined Authority ond other potential funders to secure sustalnable fundlng. Collaborote wlth partner orgonisatlons to explore Commvnity Asset Transfer opportunities and mergers consistent with our mlsslon. Meet the commltments of BirmSnghom Clty Councll's Business Chorter for Soclal Flesponslbiiity. Continve Investing In houslng provislon that meets diverse needs. Work with cltlzen5 and fomlly corers as key portners to develop incluslve community offers that promote wellbelng, octlve lifestyles. ond respond to evolving needs and rislng demond. Dlverslfy funding streams to ensure continuity for projects odvoncing our core mission. Develop and Integrate IT systems thot enhance productivity ond servlce delivery. Deliver o comprehensive volunteering strotegy aligned to our mlsslon. Maximise the impoct of marketing and soclal medio to enhance recognltlon ond support for our work. Modernise and streamline operotlons to Improve efficiency. Page 2 Mldland Mencap (A company limited by gvarontee) Trustees, report (continued) For the year ended 31 March 2025 Objectives and octivities (contlnued) Increase income through fundrolsing and corporate partnerships. Focus on developing ond ocquiring expertise to enoble entry into new market segments. In setting objectlves ond plannino for octivlties, the Trustees have given due considerotion to generol gvidonce pvbllshed by the Charity Commission relatlng to public benefit. Inclvding the guidance 'Public benefitr. running o chority (PB2)'. The Trustees always ensure thot thelr strategic ond operotional objectlves are carried out for the pvblic benefit. Thls Is achieved through the provislon of a wide range of services to people ￿th learning disabilib'es. This annuol report demonstrates how Mldlond Mencap has spent funds avoiloble towards meetlng its charitoble objective& Achlevements and performance a. Maln achlevements of the Charity Midlond Mencop continue5 to oper(rte wlthln a challenging londscope. shaped by pressures such os redvced ond uncertoin funding, proposed welfare reforms. increased demond on services. and on ongoing crisls In social care funding. These foctors hove tested both the resilience and adaptability of the orgonisation. Desplte these challenges, throvgh the hard work, commitment. ond dedlcotion of our staff teams, we hove not only sustalned our operotions but olso strengthened and exponded our service offering. We hove cemented our slrotegic relevonce with statutory partners and. most ImF￿rtantIy. deepened our commitment to co producing services with citizens and family carers. Key Organisatlonal Strateglc Alms The orgonisatlon is in the process of developing its future operating strotegy. to be published in Spring 2026. Thls slrotegy will ensure thot our objectives remaln relevant, responslve. ond aligned with evolving envlronmentol ond social policy landscopes. The current year has been one of strong operational performance for Mldland Mencop. with meosuroble growth across our service footprlnt. We have ochbeved success In winning. retainlng. and moblllslng new contract5, thereby exF)andln9 our health or)d wellbeing provision, establishing a speciollsl domestlc violence service, and deliverlng a dedicated corer support service In Walsall. We have strengthened OLtr Children's Services provislon ond further developed Parkride, our innovative occessible cycling programme. Ovr community servlces hove seen a signif icant rise In demond, porticulorly for activities thot promote wellbeing and Inclusion. In response. we have expanded both the range and avoilobility of opportunities offered, enobling more citizens and famllles to benefit from our work Our forword plons Include.. Publishing o new orgonlsotlonal strategy in 2026 to orticulate our prlorlties, ambitions. and responses to emerging chollenges. Producing o fully costed buslness plan. outlining not only the dellvery of strotegic objectlves bul olso the resovrce requirements to sustain them. Exponding our hovsing portfolio by odding oddltional housing vnits to meet the needs of citizens ond families. Strengthening ond growlng our service provision in Coventry. Worcester. and the Black Country. Poge 3 Mldland Mencap (A company limited bu guarantee) Trustees, report (continued) Ftsr the year ended 31 March 2025 Achievements and performance (continued) Continuing to invest In our workforce. porticulorly to address sector wide recruitment and retention chollenges. and to provide professional development opportvnities. Building the capacity of our Trustee Board to ensure strong governance and strategic overslght. We recognise that pressures persist. partlcularly around sociol core funding orrangements. workforce recruitment ond retention. and increasing demand on services. These challenges ore sector wide ond represent the greatest determinont of our obility to deliver our strotegic objeclives. Poy and conditlons remain crlticol factors Influencbng the recrultment ond retention of soclal core profess5onals. Nevertheles& Midlond Nencop 15 well positioned to deliver It5 Strateglc aims. We will ochieve this not only throvgh the effective use of our own resources but olso by strengthenlng collaboratlon and working in partnership wlth key stokeholders. Centrol to this is our continued commitment to co producing outcomes wlth citizens ond families, ensurlng that lived experience informs our declslon making ond drlves service Improvement. Key operational headlines: Domlclliary Care Midland Mencap's Domiciliary Care service continues to operote effectively ond efficiently despite an ongoing backdrop of local authority financiol constralnts and delays Sn core assessment& Hlghllghts over the year Include the openlng of severol high quolity occommodation units. signiflcantly improving living conditions and tenancy svstainobility for a group of longstonding cltizens. The year olso saw the formal closure of the former Birmingham Multicare Resplte services ot both Silver Birch Road ond Greswolde Park Rood. This process Involved extensive consult(Jtion with affetted stoff and the formol tron5fer of oll remaining regulated community based activity from Birmingham Muhicare to Midland Mencap. As a result. the Domiciliory Care department now provides support to 128 citizens. delivering opproximately 4,800 regulated core hours per week. Community Wellbeing Service The Community Wellbeing Servlce ha5 completed two full years In its current contract cycle. successfully transitioning from o hlstorically housing related support focus to a brooder preventative model centred on heolth ond wellbeing outcomes. This city wlde service. supporting odults wlth leornlng disobilitles and/or outlsm. has built strong F)artnerships across health services. the Third Sector and prlvote organlsations. Challenges remain. Sncluding the lack of suitoble accommodatlon. delays In social worker assessments. and vncertalnty in locol authority fundlng. The servlce supported 429 cltizens in the year and currently delivers opproxlmately 1.700 hours of svpport each week. Page 4 Midland Mencap (A compony limited by guarantee) Trvstees, report (continued) For the year ended 31 March 2025 Achievements and performance (contlnued) PURE - Employment Support Midlond Mencop's PURE service provides bespoke Irolning. skllls bosed covrses. and employment opportunltles for those individuals furthest from the job morket. Over the past year PURE hos been the top performing provider in its sedor. addressing. wlth creotivlty ond Innovation. under employability omong people with learnlrlg disobllitie& Hlghlights Include a series of successful events celebrating partlclpant achievements ond rolslng the profile of the service. including a high profile celebratlon day at Symphony Holl. In odditlon, strotegic partnerships with Medequlp. Nuffield Health. ond Tesco have been strengihened. The PURE service hos been extended to Morch 2026 and is well placed to leveroge olternatlve funding streoms onticipoted in the coming year. Carers Emergency Response Service The Corers Emergency Response Service hos contlnued to deliver consistent. high quolity support and successfully recruited a new service monoger durlng the year. The service currently has 1.673 corers registered and assessed for emergency support. Demand remains strong, with 993 referrals recelved over the yeor and 602 emergency response hours provided. In addition. the teom delivered 1.080 hours of pre planned support to corers. helping to sustoin family bosed core orrongement& Domestic Abuse Servlce Mldland Mencap wos 5vcce5sfvl in securlng communlty grant funding dvrlng the year. Thls fvnding will enoble the resumption of speciolised learnlng dlsability work from July 2025. fvrther strengthening our capoclty to support vvlneroble citlzens. Hovslng. Care & Svpport - Miscellaneous Achlevements This yeor. Mldland Mencap has feotvred promlnently in natlonal ond locol news in relation to proposed govemment welfare reforms and the NHS'S declslon to remove targets for Annual Heolth Checks. Coverage hos appeored on ITV News, BBC Rodio 5 Llve. BBC WM. BBC Sounds, and vio the Bauer Media network. Significant developments Include: Contlnued collaboration with our software provider. Spotlight feature produced by a multi award winnlng communlcotions agency. Tronsltion of in house training to e learning. Strengthened partnerships to diversify Income streams. supported by ongoing engagement with Birmlngham City Council and the West Mldlonds Combined Authority. Active partlcipation in nationol ond local forums on housing. vulnerable adults. employobility. and domestic abuse. Representotion ot the Learning and Dlsability England Notional Conference olongside over 500 member& ond continved sVPPOrt for stoff wellbelng via Heolth Assured and Peninsulo. Early stoge discusslons wlth the NHS. locol OLrthorlty ond Anthony Colllns regording Contlnvlng Healthcare Funding opportvnities. Page 5 Midland Mencap (A company limited by guarantee) Trustees, report (continued> For the year ended 31 March 2025 Achievements and performance (continued) Children's Servlces During the yeor, Mldland Mencop's Children & Young People Short 8reok5 service. Personal Asslstant servlce ond Community Support service continued to be in strong demond ocross the West Midlands. Key headlines.. Delivered o total of 6,788 hours of short breaks to children and young people and their fomilies in Birmlngham. Delivered 880 hours of short breaks In Worcestershlre. including 690 hours Df commissloned sessions and 190 hours of communlty support pockages. Delivered 5.065 hour5 of commissloned short breoks in Coventry. Dellvered 494 hours of commlssloned short breaks In North Worwickshlre. In the year 2024-2025, Midlond Mencop's Children & Young People rcYp-) team continued to deliver a conslstent and hlgh-quolity setvice to children. young people. ond their families across the West Mldlands. Short 8reoks sessions ran weekly during term tlme, wlth additionol higher copocity sessions offered during school holidoys to meel demand ond provide vitol respite opportunltles for famllles. In Birmingham. dellvery continued of our Holiday. Activities and Food (-HAF") sessions in partnership with Street Gomes. offering o totol of elght funded sesslons over the yeor. attended by 104 children and young people, These free 5esslons hove been essential in providing much-needed support for families experienclng financiol hardship during the ongoing cost-of-llving crlsis. Demand for Birmingham's CYP services remained high, resulting in increased waiting limes. In response, the team streomlined ossessment systems to improve efficiency and completed o higher number of asse￿MentS during the year. However. our After School Club service faced challenges. ond in January 2025 It was necessary to moke the difficult decision to end this offering. This was due to the service no longer being finonclally viable. following the opening of wraporound core provision by local schools at lower cost. which fomilies increasingly chose instead. The service continued lo support one child whose school did not provide ofter-school core. In reco9nltion of the chlld's needs. the CYP Service continued to offer speciolist 11 support until an olternative arrangement could be secured by the family. The Personal A551Stant service maintained con515tent delivery throughout the yeor, wlth nine citizens regularly accesslng the *rvlce. Two citizens used the PA service In combination with Birmingham Short Breaks. enhancing the flexibility and choice for fomilies in their commissioned hours. The Birmingham Women's and Chlldren's Hospitol playworker role w(J5 recommissloned for on odditional year, wlth hours increased to 28 per week. Thls role has proven to make a slgnlficant posltlve impact on the experiences of children and young people accessing the hospital and thelr fomllies. The ployworker hos been fully integrated wlthin the hospltol's Leamlng Disabillty team and the servlce continues to flourlsh. enhanclng patient core and svpport. Poge 6 Mldland Mencap (A company limited by guorontee) Trustees. report {contlnued) For the year ended 31 March 2025 Achlevements ond performance (contlnved> As port of the SEND (Speclal educationol needs ond dlsablllty) Co-Production framework, A Ves group- (a group of indivlduals who are involved in the co-productlon process and contribute to the development ond delivery of servlces) wos introduced in June 2024. Twelve chlldren transitloned to the Adulthood Teom, with sensitive support put In ploce to ensvre members felt safe and secure with new facllitators. Between June 2024 and Morch 2025. two YES Grovp focilitotors led a total of 24 sessions. Over the course of the year, members contrlbuled io consultation work with West Midlands Police regording Dlsoblllty Hote Crime. The group is plonnlng further Initlatives. including a summer trip. a pllol project with EduFvn for young commissioners. ond consultotlon work In May 2025 with Birmingham Clty Council for the Young People's Strategy. In recognition of its co-productlon work. the CYP Service achieved bronze occreditalion Irom SEND Champion Group and continves to work towards silver occreditation. This will be achleved through the estobllshment of o Yovng People's Panel ond fvrther consultation with children and yovng people. These developments oim to ensure the CYP Servlce remains child-centred. responslve. and drlven by the voices of those it serves. The Worcestershlre Short Breoks servlce was successfully recommissioned vla Svtton Croft. securing oll tendered contracts. This commissionlng enabled the service lo expond its provlsion to a total of fourteen packoges, delivered from two locotions.. Warndon Hub and the Rylond Centre. in portnership with Brom5grove School. This expansion hos provided stobility for children. young people. fomille& and staff across the Worcestershire reglon. Strengthened relationshlps wlth Sutton Croft enobled the Worcestershlre service to secvre oddltlonal HAF funding. svpporting the Reody. Steady, Worcester programme. The funding ollowed children ond young people to enjoy o fvll doy ot Atwell Farm Park - an inclusive envlronment deslgned to ensure oll visitors feel safe. valved. ond Inclvded. This Initiative hos strengthened the portnership between Midlond Mencap and Atwell Farm Park. enhonclng accessibility for children and young people wlth speciol educotlonal needs ond disobilities. July 2024 sow o new coordinator toke on the Coventry service. whlch hos since grown significantly. During the yeor capocity increosed from eleven to 37 regular ollendees with packages. covering both Short Breoks and Community Support. As o result. double weekend sesslons hove been offered since October 2024 to meet demond. Positive relationships with the Coventry commissioning teom led to Midlond Mencap securing a new Short Breaks contract from 1 April 2025. olongslde a new Block Emergency Controct. Collaborotion with Coventry's Family Hubs teom enobled the CYP service to expand sesslon dellvery across a range of venues. includlng Pathways Fomlly Hub (Radford), The Moat Family Hub (Wolsgrave). and Hormony Family Hub (Hillfields). This exponded provision has provided families ocross Coventry with a wider choice of occessible and localised servlces In Worwickshire, o low volvme of referrals and only o smoll uplift in hourly rates resulted in the decision not to re-tender for the new Shorl Breoks controct which commenced 1 April 2025. The previous controct ended on 31 March 2025, with a handover tronsition period until 1 August 2025. for the four existing pockoges. Poge 7 Mldland Mencap (A company Ilrnlted by gvarontee) Trustees, report (continved) For the yeor ended 31 March 2025 Achièvements and performonce {¢ontlnued> The Family Carers Wellbelng Team {Blrmingham) The Family Carers Wellbeing Team hos contlnued to deliver o strong progromme of support for unpaid famSly corers. recelving consistently posltlve feedback on the quolity of Statutory Carers Assessments. Over the yeor. the team worked wlth more thon 400 unpaid carer& offering a range of support includlng ossessments, wellbelng check-ins, support groups. workshops, events. ond one-to-one guidance. Walsall Carers Hvb The Walsoll Corers Hub malntolned strong engagement. with over 3,000 carer5 registered. Around 400 new carers recelved svpport dvrlng the year, Including wellbeing check-lns. welfare advice. peer support. group activities. one-to- one information and guldonce. and Parent Carer support vlo the Max Card scheme. In Quarter 4 alone. the hub recorded over 2.270 website vlslts. Carers. wellbeing scores improved from 2.01 to 3.21, with 54% reportlng Improved wellbeing ond 50% feeling more confldent. Walsgll Dlsobllily Hub The Wolsall Dlsability Hub experlenced further growth during the yeor, with neorly 300 reglstered citizens ond Increased timetobled octivltles resulting in hlgher attendonce per session. The hub contlnued to act os o centrol informotion resource for professionals. disabled cltlzens ond unpaid carers. Parkride - Accessible Cycllng Parkride hos become the largest occe55ible cycllr)g scheme In the reglon. deliverlng another highlu successful year. The project contlnues to empower citizens with learnlng di50bilities to enjoy the freedom and Independence cycling offers. supported in a safe ond incluslve environment. By providing accessible cycles and tailored support, Parkrlde hos helped parllciponts improve fitness, confidence. ond connectlon to their communltles. Feedback hos been overwhelminoly positive. ond porticipatlon ocr05S the West Mldlands has grown. Partnershlp work wlth speciolist schoo15 in Blrminghom. Dudley. Coventry. and Sandwell enabled sessions Integrated Into the school curriculum, benef iting students. cycllng skills. wellbeing and confidence. Successful funding applicotbons from bodies including the West Midlands Combined Authority, Sutton Coldfield Charltable Trust. Perry Barr NNS. Sutton Coldfield NNS. and Coventry Clty Council supported the delivery of 312 sessions. engoging over 2.450 portlcipants. Sessions included one-to-one support, led rides. Porkspin octivitles and cycling with confidence courses. as well as support for local events, Self-funded sesslons olso contlnued, with regular partlcipants keen to extend thelr cycling experiences Followlng the success of the Coventry City Councll-fvnded Cycling wlth Confidence courses. Parkride introduced weekly self-funded sessions In Longford Park. benefiting 16 partlcipants to contlnue cycling. The team continues to pursue fvndlng streoms to ensure the sustainablllty of this importont project. Poge 8 Midland Mencap {A ccmpony limlted by guorontee) Trvstees, report {continued) For the year ended 31 Morch 2025 Achievemenis and performance (continued) Copturing Change Projert Year 1 of the Copturing Change Project focused on Annuol Health Check& End of Llfe care. ond improvlng the tronsltion/referral process between primary ond secondary care. Engogement with over 150 odults with lived experience of leornlng disabllitles or outlsm Informed the project through face-to-face meeting% focus groups. surveys. and call& Feedback was incorporoted into four accessible reF)Orts presented ot quarterly governance meetings. Key themes included Improvlng both written and verbal communication, with recommendatlons for improvement identified. Year 2 will focus on Dementia. pain management. accessing healthcare virtually. and engaging ethnic minority group& Citizen Engagement Network The team expanded connections in the leornlno disabillty and outism sectors through a secondment to Birminghom Community Healthcure Trust. supportlng the rollout of the Oliver McGowan Mandatory Training. This creoted opportunitles to engage with Indlvlduals with lived experience and healthcare professionols. enabling deeper Insighi Into oreas svch 05 avtism ond shoping future service delivery. This 5econdment also sVPPOrted the organisation's development as a troining provider. crecrting additional Incorne 5treoms and poid opportunities for people with Ilved experlence to deliver trainlng. Co-production Strategy development continved, embedding citizen voices ocross the organisolion. A pilot digltol workshop group explored the role of o shadow/odvisory board to svpport trustees in decision-moking. In September 2024. the group conducted o survey and consvltotion In relotion to the Weoley Castle Communlty Centre. culminating in o presentation to the Boord of Trustees to highlight proposed improvements. Worcester Day OpportunStles Midland Mencop continues to deliver o person-centred Doy Opportunities service for odults with learning disobilities and oddilional needs. moving away from a building-based model to community-bosed octivities. This includes one-to-one support tailored io individual preferences such os wellbeing walks. trips. ort ond music sessions. bowling. clnema trips. ond skill-building actlvitles such as trovel training and employment support. A recent highlight Included o citizen orgonising a day trip to Bristol to visit three train stations and enjoy a picnic. Coventry Doy Opportvnity Activitles Following successful co-production event& the Coventry service now delivers four regular sesslons.. music. drom Porkride cycling. and the popular Meet Eat and Notter sessions for carers and Individuols wlth odditionol needs. Plons are underwoy to expand activities throughout weekdoys ond evenings ot vorlous venves ocross Coventry. Weoley Castle Commvnlty Hub The Weoley Costle Community Hub has hod on exceptionally busy year. The Hoppy Bean Café remains a thrlvlng space for citizen5 to connect. with over 300 regular porticiponts engoging in activities and enjoying the café environment. Sport ond actlvlty provlslon hos grown significontly. fosterlng collaborotion with local groups ond emphoslslng co- productlon and osset-bosed community development approaches. Poge 9 Mldland Mencap (A company Ilmlted by gvarantee) Trustee¥ report (continued) For the yeor ended 31 Morch 2025 Achievements and performance (coniinued) Asha Community Project The Asha Communitu Project contlnues to provide tailored 5UPPOrt for six women from the South Asion community. offering culturol and gender-specific activities driven by partlcipant choice. The corers. teom hos worked closely with familles to empower them to engoge with soclol workers ond access the servlces and benefit5 to whlch they are entitled. Chalr's Closlng Statement: "This yeor hos demonstrated the power of co//aborotion. co-production. (7ndperson-centred appronchex Our services continue to empower cifyzens. Improve wellbeing. and strengthen communities. The challenge ahead ts to sustain this Impact through strotegicgrowth ondcontinuedinnovotion." Melanie Anne Robert& Chair of Trustees Page 10 Midland Mencap (A compony limited bu guorontee) Trustees, report (continued) For the year ended 31 March 2025 Finoneial review a. Going concern After moklng appropriate enquiries. the Trustees have a reosonoble expectotion that the Chority has adeqvate resources to conlinue In operotionol existence for the foreseeoble future. For this reoson. they continue to adopt the going concem bosis in preporing the financial stotement& Further details regording the adoption of the going concern bosis con be found In the accounting policies. b. Reserves policy Over the last fifteen years Midland Mencap hos bvilt up substantial assets ond cosh reserves. The Trustees and Executive team recognise that though the level of reserves provides the chority with significont financial security. it also potentiolly inhibits relatlonships with exlsting or potentiol funders. Having o reserves policy and clear explonotlons on why reserves ore held at particular levels Is o key part of the internol financial management of the organisatlon. allowing the Trustees and management teom to manoge resources effectively and plon for the fvture. Free reserves are the funds Midland Mencap con expend on any of Its chorltable purposes without external restrictions from funders This does however exclude restricted fvnds os these must be spent for a speciflc purpose that was initiolly Intended by the f under. The free reserves olso exclude the orgonisation's tongible flxed ossels held for the the charlty's own v5e. This is because these assets ore used by Midland Mencap to deliver octlvltles and 05 such will not be Instantly converted to cash lo meet o fvndlng deficit should such need arise. In addition to this. designated funds are olso excluded from free reserves. The designated funds ore set oside to meet essentiol ond speciflc short to medium term liabilities ond prolects that odvance the organlsation's choritable aims and objectlves. Therefore Midland Mencap's strotegic plons have ond will be developed to utillse the remoining free reserves to: Protect the financial stability of the orgonlsatlon. Invest in IT infrastructure thot wlll ensure efflclent ond effective operotionol processes. Facilitate the strategic and plonned investment in growing our Commvnlty Hub offer to ensure Its self sustalnabllity and wlder reoch. Allow the orgonisation to operote uninterrupted servlces in the event of funding delay or substantial fvnding cuts. Fund the organisotion's growth slrotegy. especially for new geographical areas. Further to the use of f ree reserves outlined above. below are the delails of the circumstances in which the free reseNes will be utilised- To ensure funds ore ovalloble for unforeseen emergencies or other unexpected needs, for exomple unexpected property repairs or funding for on urgent projecl opportunitie& Unforeseen day to doy operationol costs. Grant income not being renewed. Plonned commltments which moy need hlgher levels of reserves. Funds to allow for Increosed beneficiary need. The need to fund short-term deficits in o cash budget. for example. money moy need to be spent before funding Is recelved. Staff retention. Page 11 Mldlond Mencap (A eompony Ilmited by guarantee) Trustees, report (continued> For the year ended 31 March 2025 The group's consolidoted totol reserves at 31 March 2025 were £16.985.712 (2024 £15,326.086). £6.291.250 (2024 £5,528.295) of thls Is represented by tangible fixed assets held for chorltable use, £783.000 (2024 £630.000) of which Is restricted funds, and a further £2.200.000 (2024 - £2.200.000) is designoted fund5 (details given vnder f inoncial review). which leaves the group wlth free reserves of £8.471.482 (2024 - £7.574.790) as at 31 March 2025 - equivolent to 14 months, worth of current stoff solories. The Trustees consider that the current level of reseNes will ensure thot. in the event of a slgnlficant drop in funding. they will be able to continue the Choritoble Company's current activities whilst consideration is glven to woys in which additional funds may be rolsed. The reserves levels ore monitored and maintoined throughout the year. c. Revlew of financlal positlon Midlond Mencop continues to hold 100% stake In its subsldiory, Blrmlngham Multi-care Support Servbces. This Is o charltable company. limited by guarantee, whose mlssion. values. objectlves ond activltles olign wlth those of Midland Mencop. As such the Mldland Nencop finonclal Statements are reported as consolidated accounts in occordance with relevont Accountlng Standards. The total consolidated Income of £10.794,540 (2024 - £10.994,996) included £45,795 (2024 £580,242) Income from the subsidlory and the total expenditure of £9,315,255 (2024 - £8.945,963) included £262.942 of subsldiary expendlture (2024 £521.869). Followlng substantiol redundancy and other closure cost& the subsidiary reported a deficit of £52.147 (2024 surplus of £58.373} and the overoll group reported a surplus of £1.659.626 (2024 - £2,148.215). The consolidated total reserves stood ot £16,985.n2 (2024 £15.326.086). The group continues to hove sufficlent cash flows to carry out its chorltable objectives. As exploined In the reserves policy below. some reserves have been designated to meet planned expenditure ond projects expected to be undertoken in the coming financial year. £2.2m (2024 £2.2m) has been designated to Domcare, new bvslness development lo ensure funding dlversification and funding the growth and sustainability of Midlond Mencap's Community Services in Ihe face offunding cuts ogainst on Incre05ed demand for services. The £806k (2024 - £653k) in restrlcted reseives is largely ottributable to 8irmlngham Multi-core properties with o provision that the monies be repoid to the trust. local ond central government departments should certain conditions not be met. d. Risk factors The board of Trustees continually asse5S the rlsks to which the charity 15 exposed ond Systems have been put in proce to mitigate these risks. Internal controls have been put in place to mlnimise operotlonol risks bu implementlng on active ond rlgorovs pollcy on safeguording and health and sofety procedvres. Internol finonclol risks hove been mlnlmised by continual review and Implementatlon of authorisation ond monitorlng of all transactions. Risks to futvre income ond expenditure levels ore monltored by selllno onnuol budgets ond monitoring octual performance on o monthly basis and this is reported to trustees at every board meeting. Where signlficont financiol risk stlll remoin5, the board hos ensured proper insuronce cover. Poge 12 Midlond Mencap (A company Ilmlted by guorontee) Trusteeg report (contlnved) For the yeor ended 51 March 2025 Structvre. governance and management . Constitution Midlond Mencop is registered as a charltable company limited by guarantee and not havlng shore capital. Incorporated In Jonuary 1995 ond registered as a charlty. The Choritoble Company wos estoblished by its Memorandum of Assoclation, which sets out the objects ond powers of the Charitable Company and is governed by its Articles of Association. The Memorondum ond Articles ot Association were amended ond a resolution wos possed ot o Speclol Generol Meeting held on 31 October 2018. The Charity Commission hos olso opproved the omendments to the governing documents. b. Methods of oppointment or electlon ot Trustees The monogement of the Group ond the Charity is the responsibility of the Truslees who ore elected and co-opted under the Articles of Association. None of the Trvstees hove ony beneficial interest in the Charitable Company. All of the Trustees are members of the Compony. The Trvstees ond other members guarantee to contribute £1 In the event of an insolver)t windlng vp. When recruiting new Trustees the exlstlng Trustees look for those indlvlduols whose skills ond experience con make a slgnificant contributlon to the management of the Charltoble Compony. All new Trustees ore mode aware of their responsibilities as Chority Trvstees ond ComF)ony Dlrectors and are helped to fomlllarise themselves with the proctical ond finonciol aspects of the Chorltable Company's operotions. To help them they are provided with o copy of the Compony's Memorandum ond Articles of Associotion. the lotest published occovnts. the Chorltable Compony's mission statement and oppropriote Charity Commission publicotlons. Organisatlonal siructvre and decision-making policies The business of the Charlty is managed by the Trustees acting os members ond the Executlve Committee. The Committee consists of the honorary officers of the Chority.. up to twelve other members are oppointed by the Board. The number of Executive Committee members moy not be less than elght. On 31 October 2018 0 speclol generol meeting wos held to poss a speciol resolution allowing the Charity to now be governed by the revlsed Memorandum and Articles of Association. The Chority Commlsslon hos opproved omendments to the organisation's Memorandum and Articles of Association and Chorlty's Oblectlves. The Boord of Trustees contlnues to delegate the responsibility for the day to doy monogement of the Charity business to the Chlef Execvtive and the senior monogement team. There is o clear distlnction between the roles of the trustees ond the senior management teom. The senior management team Is responslble for the productlon of stroteglc ond operational plans. pollcies and budgets whlch are presented io the boord of trustees for conslderation. approvol and monltoring. Board meetings ore held regvlorly In order to vpdate the Trustees on the octivities and financiol performance of the Chority. Page 13 Mldlond Mencap (A company limited by gvorantee) Trustees, report (continued) For the year ended 31 March 2025 Structure. governonce and management (contlnued) d. Related party relationships The Chority is affilloted to Royal Mencap. Mencap Nallonol Centre. 123 Golden Lone. London. EC1Y OR T. e. Finandol risk management The Trustee5 have assessed the mojor risks to which the Group and the Charlty are exposed. in particulor those related to the operotions and finonces of the Group and the Charlty. and are sotisfied that systems ond procedures are in place to mitigote exposure to the mojor risks. Plans for future perlods Future Strateglc Objectives Publlsh o refreshed and fully costed organisotional stroteglc plon for the perlod 2025 - 2028. Continue to seek viable bvslness development opportunities ocross the region whilst at the some time put in place a funded plan to both consolidate and insulate existing service provision agoinst externol economic pressures. During thls period to increose the tenancies within our housing stock by eight through the purchase and refurbishment of propertie5 from the residentigl housing morket. In conjvnction with an accredited delivery partner. deliver on in-house monagement and personol development pathwoy for flrst In line manager5. Continue to build our model of co-production further aligning citizen Influence wlth the organisation's governance. Contlnue to build key strotegic and collaborative portnerships with both statvtory ond Voluntory. Community & Sociol Enterprise (VCSE) Sector. Poge 14 Midlond M•ncop IA company limlted by guoranto•) Trustee$, report (continu•d) For the y•ar •nd•d 31 March 2025 Engag•m•ni with •mploy•es qXKI employm•fft ￿ the dsabl Employees hove been consuhed on Issues of Concern to them by rne￿$ of regulor consultcrtlve commlttee ond staFf meetings and have been kept Infomied on spe¢fflc matters d1￿ClIu by management The Group arrtl the Chorlty comJ out exll Interview5 for all stoff leovlry the orgtJnls¢Jtlon ond hove (Klopted o procedure of upth feedback for senlor management orKI the Trustee& The Group ond Chorty hove lry)lemented o number of detaI￿d wlldes In rel(rtlon to oll aspects of personnel molters Induding.. Equul opporwnmes policy Volunteerg Policy Hedth & sofety poThoJ In occordunce with the Grcdjp ond the CharIt￿S equal opportunlues pollcu. the Group and Ihe Chorty have long- establlsf*d falr empk>yment proclices In the recruitrnent. selectlon. retention and trolnlng of dlsabled staff. Full deta115 of these pollcles ore avolloble from the Char6ty's offlce& MIdlar￿ Mencop alms to pay solorfes thot ore folr ond competitlve wEthln the chorhy sector In order to retoln quomfied stoff. From Jonuary 2023. the Board took the declsk)n to IntrodLKe the reol Ilvlng woje ohe(xl of o Moy 2023 deodllne. Remunerotlon of the senior monogement team 15 set (￿d approved by the BoLYd of Trvslees, who benchmork Ihelr declslon ￿Sed on poy levels of simllar slzed chorftles Our key m*)Mgement personnel are Ihe Chlef Execvtlv4 Olrector of Operotbns Heod of Houslrvj Core and Support Deputy Dlrector of i*orotlons and Head of Finance. m￿land Mencop Is commStted to paulng the Reol LfvINJ Wage os set by Blrmiryham Bus6ness Charter. Statem•nt of Trv5t••< rn6ponthlttle$ The Trustees (who ore olso the dredors ol the Chorlly for the purposes of company iow) ore responslble for Pre￿r￿ the Trusteeg report the financ￿1 statement5 In occordonce wSth oppllcthe law ond Unlted Klngdom Accovntlng Stondards (Uniied Klngdom Generally Accepted Accountlng Pratticej Compony law requlres the Trustees to prep(Ye finoncial stotements e(Kh fir￿nd01 yeor. UrKler comFrfJny low. the Trustees must not approve the financlal statements they are 50tisfted thot they gFve o true (￿d falr view of the Slote of offoir5 of the Group and the Chgrity ond of thelr Incomlng resources ond oppllcotlon of resource4 tncludtr thelr Income ond expenolture. forthot perfod. In preparing these flnanctol stotemerrt& the Twstees are requlred to: selett Suitable occountlng pollcles ond then opply them consistentl observe the methods ond prhiclples of the Chartttes SORP (FRS 1021: moke judg￿nents ond acCO￿tIng estlmoles thot ore reasonable and prudent ote whelhw appllcoble UK Accountlng Standards (FRS 102) hiive been Iollowed. wbject to ony rnot•Jlal departures disdosed and explolned In the finondal stutements.. prepare the finonclol stotements on tF* golng corhcem basls unless It Is Inopproprlate to presvme Ihol the Group ond the Chortt(ble Cory)ony wlll conthiue In buslnes& Poge15 Mldland Mencop (A ￿mpOnY Imlt•d by gvarantee) Trust•e¢ report (conilnu•d) For the year ended 51 March 2025 Stoiement of Trustee¥ responslbllltles (coffllrnjed) The Trvstees ore responslble for keeplng odequoie occovniing ￿cOrdS Ihot ore sufflclent to show ond exploln 11 Group ¢￿1 the Charlty'5 tronsactbn5 L￿d dlsclose with reasonable accuracy at arwj tlme ts finandal posltlon of ihe Group a￿1 the Charlty enable them io ensure Ihoi Ihe finonclol ￿ateMentS comply ￿1th ihe Componles Au 2Crf)& They are also responslble for sofegu¢rdlng the ossels of ihe Group Ihe Chorlty ond hence for toklng reosonoble sleps for ihe preventlon ond deiectlon of fraud and oiher Irregularblle& The Trustees are respon￿ble for the molnlenonce and Inlegrllu of the corporate and flnandal Informotlon Induded on the Chorltable Company's webslte. Leglslatlon In the United Klngdom govemlng the preporatlon a￿1 dbssemlnotlon of the flnanclal statements rrny dlffer from leolslotlon In other lurlsdlctlon& Dtscloswe of information to auditor Eoch of the persons %•tho are Trustees ￿ the tlme when thls Trvsteeg ￿pOrt Is opproved hos conflrmed thor. 50 for as that Truslee15 awar¢ there Is no relevant audlt Inf0mM)￿n of vthlch the charltable group's audlor Is unaware, ond thot Trvstee ha5 taken all the steps thal ovghi to hove been i(then os o Trusiee In order to be oware of ony relevont audlt Inlormotlon and to estoblish that the chariioble group's auditor Is owore of thot Infonnotlon. Auditor Dalns Audlt L1rn￿ed hove Indlcated thelr wllllngness lo contlnue kn offlce. The deslgnated Trustees wlll propose a motton reapp)Intlng the audllor at a meetlng of the Trustees. Approved by order of the members otthe b¢)ord of Trustees and slgned on Ihelrbehalf bj: Chair of Trustees Date.. 20 November 2025 Poge 16 MSdlond Mencap (A company limited by gvarantee) Independent Auditorfs Report to the Members of Midland Mencap Opinion We hove oudlted the flnanclol statements of Midland Mencop (the 'parent charitable company? and its subsldiaries (the 'oroup) for the year ended 31 March 2025 whlch comprise the Consolidated stotement of flnoncial activlties. the Consolidated balance sheet. the Charity bolonce sheet. the Consolidoted statement of cash flows ond the related notes, including a summary of significont occounting policies. The finonclal reporting framework thot hos been opplied in their preparation is applicoble law and United Kingdom Accounting Standards. includir)g Financial Reporting Stondard 102 'The Finonciol Reporting Stondord applicoble in the UK and Republic of Irelond. (United Kingdom Generolly Accepled Accountlng Practice). In our opinion the finonciol statements.. give a true ond toir vlew of the state of the Group's and of the parent charitable compan￿$ offoirs os ot 31 March 2025 and of the Group's incoming resources ond opplicotion of resources. including its income and expenditure forthe yeor then ended- have been properly prepored in occordonce with United Kingdom Generally Accepled Accountlng Practlce.. and have been prepored in occordance with the requlrements of the Componies Act 2006. Bosis for O￿nIon We conducted our audit in occordonce with Internotionol Stondords on Auditlng (UK) (ISAS (UK)) ond applicoble law. Our responsibilities under those standards ore further described In the Audito¢s responslbllities for the audit of the finonciol stotements section of our report. We ore independent of the Group in accordonce with the elhlcal requirements that are relevont to our audit of the finonclol stotements in the United Kingdom, includlng the Financial Reporting Council's Ethical Standard. and we have fulfllled our other ethicol responslbilities In accordonce with these requirements. We believe that the oudlt evidence we have obtained is sufficient ond appropriote to provide o basis for our oplnlon. Conclusions relatlng to going concern In auditlng the financlal stotements. we have concluded th(rt the Trustees, use of the going concern basis of accounting in the preparation of the financiol statements is appropriote. Based on the work we hove performed. we have not identified ony material uncertainties reloting to events or conditlons that. individuolly or collectively. moy cast significant doubt on the Group's or ihe porent charitable compony's ability to continve os o going concern for a perlod of at least Iwelve monihs from when the financial statements ore authorlsed for Issue. Our responslbilities ond the responslbilities of the Trvstees wSth respect to golng concern are described In the relevor)t sections of this report. Page 77 Mklland Mencap (A compony limited by gvorantee) Independent Audltorfs Report to the Members of Mldland Mencop (contlnved) Other Infomiotion The other Informatlon comprlses the information included in the Annval report other than the finonclol stotements and our Auditoffs report thereon. The Trustees are responsible for the other Infomiation contained within the Annval report. Our opinlon on the finonclal statements does not cover the other informotion and. excepl to the extent otherwise explicitly stated in our report, we do not express ony form of assvronce conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other Information Is materially inconsistent with the financlal stotements or our knowledge obloined in the course of the ovdit. or otherwise oppeor5 to be moterially mi55tated. It we identify such material inconsislencies or apporent materiol misstotemenls, we ore required to determine whether this glves rise to a material misst(Jtement in the financlal statements themselves. If, based on ihe work we have performed. we conclude that there is a materiol mlsstatement of this other informatlon. we ore required to report thot foct. We hove nothing to report In this regord. Oplnlon on other matters prescribed by ihe Companies Act 2006 In our opinion, based on the work undertaken in the course of the oudit.. the information glven in the Trustees, report for the flnanclal year for whlch the flnonciol statements are prepored is consistent wlth the finonclol statements. the Trustees, report has been prepared In accordance with applicoble legal requirements, Matters on which we are required lo report by exception In the light of our knowledge and understonding of the charitoble company and Its environment obtoined in the course of the ovdtt. we have not identified materiol misstatements in the Trustees, reFX)rt. We have nothing to report In respect of the following matters in relotion to which Companies Act 2006 requires us to report to you if, In our opinion.. the porent charitable company hos not kepl odequote ond sufficient occounting records, or returns odequate for ovr audit have not been received from branches not vislted by us: or the porent charitoble compony financiol statement5 are not in agreement wlth the accountlng records ond reiurns. or certain disclosure5 of Trustees, remuneration specified by low ore not made., or we have not received all the Information ond explanotions we require for our oudit. Page 18 Mldland Mencop (A compgny lirniled by gvarontee) Independent Auditorfs Report to the Members of Midland Mencap (continved) Responslbllities of trustees As exploined more fully in the Trustees, responsibllitles statement. the Trustees (who ore also the dlrectors of the choritable compony for the purposes of company law) are responsible for the preporation of the financial statements and for being satisfied thot they glve o true and folr vlew. ond for svch Internol control as the Trustees determine Is necessory to enable the preparation of flnonclol stotements that ore free from material misstotement. whether due to fraud or error. In preparing the finonciol statements. the Trustees ore responsible for assessing the Group's ond the porent charitable company's obllity to continue as a going concern, disclosing, os applicable. matters related to going concern and using the golng concern b05is of accounting vnless the Trustees elther Intend to liquidote the Group or the parent charitable company or to cease operations. or have no realistic alternatbve bvt to do so. Audltorfs responsibilities for the audlt of the flnonciol stotements Our objectives ore to obtain reosonoble assurance abour whether the flnanciol statements as a whole are free from materiol misstatement. whether due to froud or error, ond to issue an Auditor's report that Includes ovr opinion. Reasonable ossurance is a high level of assvronce. but is not a gvorantee thot an oudll conducted In accordonce with ISAS (UK) wlll alwoys detecr o m(rterlol misstotement when it exist5. Misstotements con orlse from fraud or error ond ore considered moteriol If, individually or in the aggregote, they covld reosonably be expected to influence the economlc decislons of users taken on the basis of these finonclol stotements. Irregularities. inclvding froud. are Instances of non-compllance with laws and regulations. We design procedures In line with our responsibilltles. outlined obove. to detecr moterlol mlsstatements in respect of irregulorille& including fraud. The extent to which our procedures ore capoble of detecting irregularities, including frovd is detolled below.. Ovr opproach to identifying and ossessing the risks of material mlsstatement in respect of irregularities. Includlng fravd ond non-compliance with lows and regulations. wos os follows.. the senior statutory auditor ensured thot the engagement team collectively hod the appropriate competence. capabilities ond skills to Identsfy or recognise non-compllonce wlth applicable laws and regulotions. we Identifled the laws and regulotlons oppllcoble to the group and the porent choriloble comF)any throvgh dlscvssions with directors and other monagement. and from our commercial knowledge and experience of the chorfty sector. we focused on specific lows ond regvlatbons which we considered moy hove o direct moleriol effect on the financial statements or the operotlons of the group and the porent choritable company, includln9 the finonciol reFX)rtlng legislation, Componies Act 2006, Chorities Act 2011, taxotion legislotion. onti-bribery, employment, and environmentol ond heolth ond safety legislation: we assessed the extent of compliance with the lows ond regulations Identified above through moking enquiries of management ond Inspectlng legol correspondence.. and Identified laws and regulotions were communicoted within the oudit teom regularly and the team remalned olert to instances of non-compliance throvghout the oudlt. Poge 19 Midland Mencap IA company limited by guarantee) Independent Auditors Report ta the Members of Midland Mencap (contlnued) We assessed the susceptlbllitu of the group and the porent chorltable companu's financlol statemenls to material misstotement. Including obtalnlng an undersTondlng of how fraud mlght occur. by., making enquiries of rnonagernent as to where they considered there was susceptibillty to fravd. their knowledge of octual. suspected and olleged fraud- and consldering the Internal controls in place to mitigate rlsks of fraud and non-compliance with laws and regulatlons. To oddress the risk of fraud through monogement blas and overrlde of controls, we.. performed analytical procedures to identlfy ony unusual or unexpected relationshlps.. tested journal entrles to identify vnvsvol transoctlor)s', ossessed whether judgements and ossumptlons made in determlnlng the occounting estimates were indicative of potential bias. and investlgoled the rationale behind slgnificant or unvsual transoctlons. In response to the risk of Irregularities and non-compliance with laws and regulotlons. we designed procedures whlch included. but were not limited to.. agreelng finonclol stotement dssclosures to underlying supporting documentation.. reading the minutes of meetings of those charged with governance., enqulring of monogement as to actual ond potential litigotlon and clolms,. and reviewing correspondence wlth HMRC. relevant regulotors and the group's and porent charitable compony's legal advlsors. Because of the inherent limltotlons of an oudit, Ihere Is o risk that we will not detect all Irregularities. Inclvdlng those leading to o materlal m1s5totement In the financlol stotements or non-compllonce with regulotion. This risk increases the more that compllance wlth o law or regulation is removed from the events and transaclions reflected In the finonclal statements. as we wlll be less likely to become aware of instances of non-compllonce. The risk Is olso greater regording irregularitles occurrlng due to fraud rather thon error. os froud involves intentionol concealment, torgew. collusion, omission or misrepresentatlon, A further descriptlon of our responslbilities for the oudit of the financial statements is locoted on the Financial Reporting Council's webslte ot.. www.frc.or audiiorsres onsibillties. This description forms part of our Auditor's report. Poge 20 Midland Mencap (A company limited by gvarontee) Independent Auditorfs Report to the Members of Midland Mencap (continued) Use of our report This report Is made solely to the charitable company's member& as a body, In accordance with Chapter 3 of Part 16 of the Componles Act 2006. Our oudit work hos been vndertaken so thot we mi9ht stote to the charitable company's members those matters we ore required to stale to them in an Auditorfs report ond for no other purpose. To the fullest extent permitted by low. we do not accept or assume responsiblllty to anyone other thon the chorltoble company ond its members. as o body. for our oudit work, for this report. or for the opinions we hove formed. Andrew Morris FCA (Senlor Stcrtvtory Audltor) for ond on behalf of Dains Audlt Llmited Stotvtory Auditor Chortered Accountonts Birmingham 20 November 2025 Poge 21 Midland Mencup (A company limited by gvorantee) Consolidated Statement of financlal octivities Oncorporating incorne ond expenditure accoL•nt) For the year ended 31 March 2025 Unrestritted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legocles Charitable activlties 873.397 451.352 1.304.749 1.113.418 8.966.886 8.966.886 9,669.660 Other trading activities Investments 24.949 24.949 16.629 428.045 428.045 160.875 Other income 69.911 69.911 34.414 Total income 10.363.188 431.352 10.794.540 10.994.996 Expendltvre on: Raislng fund5 Charitable octlvitie5 22.929 22.929 24.096 8.846.974 445.552 9.292.526 8.921.867 Total expendlture 8,869.905 445.352 9.315.255 8.945.963 Net Income before Investments 1,493.285 (14.000) 1.479.285 2.049.033 Net goins on investments 15,341 13.341 99.182 Net movement in funds before other recognised gains/(losses) Gains on revoluation of f Ixed assets 1.506.626 {14.000> 167.000 1.492.626 2.148.215 14 167.000 Net movement in funds 1,506.626 153.000 1.659,626 2.148.215 Reconciliation of fvnds.. Total funds brought forward Net movement in funds 20 14.675.086 653.000 15.326.086 13.177.8n 1.506.626 153.000 1,659.626 2.148.215 rotal funds carrled forward 20 16.179.n2 806.000 16.985.n2 15,326,086 The notes on pages 26 to 52 form port of these financlal statements. Page 22 Mldland Mencap (A company limlted by guorontee) Reglstered number: 05CK)6451 Consolidoted bolonce sheet As at 51 Morch 2025 2025 2024 Note Fixed ossets Tanglble assets Investments 14 Q29l230 5.528.295 1.033.158 15 1.069.177 7.360,407 6.561.453 Cwrent Iiss•t8 Stocks 635 1.187 Debtors 16 1.540.479 1.401.839 Investments 17 7.600.000 5.125.000 Cash ot bank ond In hond ,548.746 3,117.803 10.689.860 9.645.829 Cwrent Ilobllitle$ Creditors.. amounts falling due wlthln one yeor 18 0,044,3n) (881.196) Net cwrent a$$ets 9.645,488 8.764.633 Credltor& amounts folling due ofter more IIKJn one yeor 19 120.183) Total net assets 1&985.712 15.326.086 ch￿ilY funds Aestricted funds 20 804000 653.000 Unrestrlded lunds 20 lQ179,712 14.673.086 Totol fvnds 1&985.712 15J2&086 The Trustees acknowledge thelr responslb1lit￿S tor complying with the requlrements of the Act wlth respect to occounllng record5 and preporotion of flnonctal statements. The finondol stotement5 were opproved ond ￿thorIsed for issue by the Truslees and slgned on thelr ￿half by: Chair ol Trustees Dote: 20 November 2025 The no*S on pages 26to 52 form port ol these flnancial statements Page 23 Mldlond Mencop (A c¢)mpony limited by guarantee) Reglstered nwnber: 03006451 Chorlty bdgnce sheet As at 31 March 2025 2025 2024 Note ed assets Tonglble ossets Investments S.SOl230 I069.177 4,898,296 15 1.033.158 (577.407 5.931.454 Current ossets Stock5 1.187 Debtors 16 1.542,634 1312.139 Investments 17 7.600.000 5.125,000 Cash ot b(￿k ond In hand 1.065,590 2,499.280 10.208.859 8,937,606 Current Ilobllllles Credrtors omounts folling due within one yeor 18 030.596) (845.346) Net current ossets 9.In263 8.092.260 Creditors.. omo¢Jnls folllng due ofter more thon one yeor 19 (20.185> Totol n•t 088¢t$ 15.735.487 14,023.714 Charlty funds Restrtded funds 21000 23.000 Unrestrlcted funds 15.711487 14.000.714 Total fvnds 15,735,487 14.023.n4 The Charlty's net movement kn Ivnds for the yeor wos £1.711.773 (2024 - £2.086.419). The Tnjstees ocknowledge thelr responslbllltles for complylng wlth the requlremenis of the Aa wlth respect to accountlng records and preparatlon of Ilnanclal stotements. The financial statements were approved and auihorised for issve by the Trustees and slgned on thelr behalf by.. Cholr of Twstees Date: 20 November 2025 Page 24 Midland Mencop (A compony limited by gvorantee) Consolidated stotement of ¢ash flows For the year ended 31 March 2025 2025 2024 Note Cash flows from operotlng actlvlties Net cosh vsed In operoting activities 22 1.430.483 1,860,952 Cash flows from investing actlvitles Dividend& interests and rents from investments 247.071 160.875 Proceeds from the sale of tongible fixed assets Purchose of tongible fixed ossets Proceeds from sale of Investments 12.500 245.772 (789.073) (34.965) 123.816 89.753 Purchose of Ilsted investment5 (108.365) (135.951) Net cash (used In)/provlded by investing activities Cash flows from finonclng activities (548.134) 359.S47 New flnance leases 43.627 Repayments of finance leases 06.539) Net cash provlded by financing activities 27.088 Chonge in cash and cash equlvalents in the year 909.437 2.220.499 Cosh ond cash equlvolentS at the beginning of the year 8,241803 6.022.304 Cosh and cosh eqvSvalenls at Ihe end of the year 23 9.152.240 8.242.803 The note5 on poges 26 to 52 form port of these flnancial statements Poge 25 Midlond Mencop (A company Ilmlted by guarantee) Notes to the finonciol statements For the year ended 31 March 2025 General Informotlon Midland Mencap is a charitable company incorporated under the Componles Act in England ond Wales and reglstered wlth the Chority Commission for Englond and Woles. The registered number and address of the reglstered offlce are given in the reference and adminlstrotion section of these finonclol statements. The noture of the charlty's operations and principal octivilies are to provide a wlde ronge of services to people with leorning dlsabilities. which include Home Svpport, Supported Llving. and the Corers Emergency Response Service {CERS) under the chorlty's CQC registered domiclllory core servlces. Leorning Disability Community Wellbeing Servlce (CWS). Sitting Service. Plocing Vulnerable Urban Residents Into Employment and Trainlng (PURE) ond Hovsing Manogement Services. Accounilng policies 2.1 80sis of preporotion of financiol statements The flnoncial statements hove been prepared in accordance with the Charities SORP (FRS 102)- Accounting ond ReF)Ortlng by Chorities". Statement of Recommended Practice opplicable to choritles preporing thebr accounts in accordance with the Flnancial Reportlng Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective 1 Jonuary 2019), the Flnoncial Reporting Stondard opplicable In the UK ond Republic of Ireland (FRS 102) ond the CompaniAs Act 2006. Mldlond Mencop meets the definition of o publlc benefit entity under FRS 102. Assets and liobllities are initially recognised ot hlstorical cost or tronsoction value vnless otherwise stoted In the relevant occounting policy. The Consolidoted statement of finoncial oclivities (SOFA) and Consolldoted bolonce sheet consolldote the financial statements of the Charlty ond its subsidiary undertoking. The results of the subsidiary ore consolidoted on a line by line bos1& The Charity hos token odvantoge of the exempllon ollowed under sectlon 408 of the Componies Act 2006 and hos not presented Its own Statement of finoncial activities in these financiol Siatements. 2.2 Golng concern The Trustees assess whether the vse of golng concern 15 appropriate l.e. whether there are ony materiol uncertolnties related ro events or conditions thot may cost significont doubt on the ability ot the Group and the porent charitable company to contlnue as o going concern. The trustees make this assessment in respect of a period of one yeor from the date of outhorbsation for Issve of the finonclol statemenls ond hove concluded thot the Grovp and the parent charitable compony has odeqvote resources and liquid funds sufficlent to support its cosh flow requirements and to continue in operational exlstence for the foreseeoble future ond there ore no malerial vncertabntles obovt the charlty's abillty to continue os a going concern, thvs they continue to adopt the going concern basis of accountlng in preparing the flnancial stotements. Page 26 Midland Mencap (A company limited bu gvarantee) Notes to the financial statements For the yeor ended 31 March 2025 Accounting pollcles (contlnued) 2.3 Income All income is recognlsed once the Chority hos entitlement to the income. it is probable that the income will be recelved aftd the amount of Income receivable can be measvred reliobly. Grants are included in the Consolidated stotement of finonciol actlvitles on a receivable bosis. The balance of income received for specific purposes but not expended durlng the period is shown In the relevant funds on the Bolonce sheet. Where income is received in advance of entitlement of receipt, its recognltion Is deferred and included in credilors as deferred Income. Where entitlement occurs before income is received. the income 15 0ccrLJed. Glfts donoted for resale are included os Income when they ore sold. Investment Income is earned throvgh holding ossets for Investment purposes such as shares and property. It includes dividends, interest ond rent. Where it is not practicoble to identify investment management costs Incurred within o scheme with reosonable accuracy. the investment income is reported net ol these costs It 15 included when ihe omount con be meosured reliably. Interest Income is recognlsed vslng the effective interest rote method and dividend income is recognlsed as the charitable company's rlght to receive poyment is established. Income tox recoverable In relation to investment Income is recognised at the time the investment income is receivable. Incoming resources from gronts. where related to performonce ond speclfic dellverables. ore occounted for as the Chority eorns the right to consideration due by Its satlsfactlon of performance obllgations. Income received through contracts is recognlsed from ihe F)oint in whlch the Charitable Compony has entitlement to the f unds. contract conditions hove been fully met or it is probable that the incorne will be received. Where gronl funding agreements contain conditions ihot specify the services to be performed In the form of a service level agreement. the conditions for payment ore linked to the achievement of a particulor level of service or the units of output delivered. Income must only be recognlsed to the extent that the Charity has provlded the specif led services as entitlement to the gront only occurs when the performonce-relaled condltlons are met. Other income is recognlsed In the period in which it is receivoble ond to the extent the goods have been provided or on completlon of the service. Page 27 Mldland Mencap (A company limited by guarantee) Notes to the flnancial statements For the year ended 51 March 2025 Accountlng pollcles (continued) 2.4 Expendlture Expendlture is recognised once there Is o legol or constructive obligatlon to transfer economlc benetit to a thlrd party. It Is probable that a tronsfer of economic benefits wlll be requlred in settlement and the omount of the obllgatlon con be measured relbobly. Expenditure Is clossified by actlvlty. The costs of each octlvity ore made up of the total of dlrect costs ond shored costs. inclvding support costs involved In vnderlaklng each activity. Dlrett costs ottributoble to o single ottivlty ore allocated directly to thot actlvity. Shored costs which contribute to more thon one actlvity and support costs which ore not attrSbutoble to a single octlvity ore apportloned between those octivities on a bosis consistent with the use of resources. Centrol staff costs are ollocated on the bosls of time spent, and depreciafjon charges ollocated on the portion of the asset's use. Expenditure on raislng f unds inclvdes all expenditure incvrred by the Group to ralse funds for Its charitable purposes ond includes costs of all f undraising actlvities events and non-charitable tradlng. Expenditure on charllable actlvlties Is incurred on directly vndertaklng the octivitie5 whlch further the Group's objertives, as well a5 any ossociated support costs. Governance costs include those costs assocloted wlth meeting the constitutional ond statLrtory requirements of the Charity and include audit fees and costs Ilnked to the stroteglc management of the Charlty. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on f unds held on deposit is included when receivable and the omount con be meosvred reliably by the Group.. thi5 15 normally upon notiflcatlon of the Interest pold or payable by the Institution wllh whom the funds ore deposited. 2.6 Taxation The Chorlty Is considered to pass the tests set out In Porograph 1 Schedule 6 of the Finance Act 2010 ond therefore it meets the definltion of a charltoble company for UK corporation tax purposes. Accordlngly, the Chority is potentially exempt from taxation in respect of income or capital gains received wlthin categories covered by Chapter 5 Port 11 of the Corporotlon Tax Act 2010 or Section 256 of the Toxotion of Chargeable Golns Act 1992, to the extent that such Income or gains are applied exclusively to charitable purposes. Page 28 Mldland Mencap (A company limited by guorantee) Notes to the flnanclol statements For the year ended 31 March 2025 Accounting policies (contlnved) 2.7 Tangible fixed assets and depreclatlon Tangible flxed assets costing £1,000 or more are capitalised and recognised when future economic benefits ore probable and the c05t or valve of the osset con be meosured reliably, Tongible fixed a55ets ore initiolly recognlsed ot cost. After recognltlon. under the cosl model. tongible fixed assets are meosured at cost less occumulated depreciation and any accumuloted Impairment losse& All costs incvrred to brlng a tangible f ixed asset Into Its Intended worklng condltlon should be included In the measurement of cost. Indlviduol freehold properties are initially recognised at cost. After recognition. under the revaluotion model, tonglble fixed assets whose foir value con be meosured rellobly shall be carrled at o revalued omount, being their fair value at the dote of revolvation less any subsequent occumuloted depreciatlon and subsequent occumuloted Impolrment105ses. Revaluations are mode with sufficlent regulorlty to ensure that the carrying amount does not differ materially from that whlch would be determined vsing fair valve at the end of the reporting dote. Falr values are determlned from morket-bosed evidence by appraisal that is normally undertoken by professionallu quallfled valuers. l* there is no markel-based evidence of falr volve becouse of the speclolised nature of the tan9ible fixed osset ond it 15 rorely sold, except os part of a contributing business. a Charitable Companu may need to estlmote foir valve using an Income or depreciated replacement cost approach. Galns and losses on revoluotion ore recognlsed in the Consolldated statement of finonclol octlvllles, with a separate revoluatlon reserve belng shown In the Stotement of funds note. At eoch reportlng date the Charity assesses whether there is ony indication of Impctlrment. If such indication exists. the recoverable amount of the osset is determined to be the hlgher of its fair volue less costs to sell and its value in Use. An Impolrment loss Is recognised where the carrying amount exceeds the recoverable omovnt. Depreclation is charged so os to ollocote the cost of tonglble fixed assets les5 their residuol volue over Ihelr estimated useful Ilves, using the straight-line method. Depreclotlon Is provided on the following bases- Freehold propertu 2% stroight-llne Leosehold property over the term of the lease Leasehold property improvement5- 10% straight-line Motor vehicles 25Yo slrolght-line Fixtures and flttlngs 10% - 35% straight-line Offlce equipment 10% - 35¥¢ Straight-line Gains and losses on dlsposa5s ore determined by comparing the proceeds with the carrylng amount and ore recognlsed In the Consolidated statement of financial octivities Page 29 Mldlond Mencap {A company limited by guorantee) Notes to the financlal statements For the yeor ended 51 March 2025 AccoL•ntlng pollcres {c¢ntinued) 2.8 Investments Flxed asset investment5 are a form of flnanciol instrument and are initlolly recognised at their tronsaction cost and subseqvenlly meosured at foir value ot the Balance sheet date. vnless the value cannot be measured reliably in which cose it is meosvred at cost less impolrment. Investment gains ond losses. whether reolised or unreolised. are combined ond presented os 'Galns/(Losses) on Investments, in the Consolidated stotement of financial actlvlties. Investments in subsidiories ore volued at cost less provlslon for impolrment. 2.9 Stocks Stocks are volved al the lower of cost ond net reallsoble volue. Donoied items not yet sold ore not included. 2.10 Debtors Trade and other debtors ore recognised ot the settlement omounl after ony trode discount offered. Prepayments are valued ot the amount prepaid net of any trade dlscounts due. 2.11 Current asset Investments Current osset investments includes cash on deposit with o maturlty d(rte of less than one year held for short-term Investment purposes rather than cashflow. Current asset investments are valued ot foir volve unless they qvallfy os 'basid financiol assets. 2.12 Cash at bonk and in hand Cash at bank and in hand Inclvdes cash and short-term highly Ilquid investments Wlth o short maturity of three months or less from the date of acquisition or openlng of the deposil or slmilar occount. 2.13 Llobilities and provisions Llobilities ore recognised when there Is an obligotlon ot the Balance sheet date os a result of o post event, it is probable that o transfer of economic benefit will be required in settlement and the omount of the settlement con be estlmoted reliably. Liobilities are recognised ot the amovnt thot ihe Chority anticipates it will pay to settle the debi or the amount it has recelved os advonced payments for the goods or services it must provide. Provislons ore meosured at the best estimate of the amounts required to settle the obligotion. Where the effect of the tlme volue of money is materlol. the provision is based on the present value of those amounts. discounted ot Ihe pre-tox discount rate thot reflects the rlsks specific to the liability. The unwlndlng of the discount is recognised In the Consolidoted statement of finonciol activities as o flnance cost. Page 30 Midland Mencap (A company limtted by gvarontee) Notes to the flnoncial statements For the year ended 31 March 2025 Accovnting poliaes (contlnved) 2.14 Financial Instruments The Group only has flnancial asseis ond flnanclal liabilities of a kind that quolify os basic financial instruments. Bosic financlal Instruments are initially recognised at transoction value and subsequently measured at their settlement volue with the exception of bank loons whlch are subsequently meosured at omortlsed cost using the effective interest method. 2.15 Finance leases and hire purchase Assets obtained under hire purchase contracts and finance leoses are capltalised as tangible f ixed assets. Assets acquired by finonce leose ore depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are deprecioted over their useful lives. Finance leases ore those where substontially all of the benefits and risks of ownership ore assumed by the Charity. Obligations under such agreements are included in creditors. net of the finance charge allocated to f uture period5. The finance element of the rentol poyment is chorged to the Consolidoted statement of finonciol octivities so os to produce o constant periodic rate of chorge on the net obligotion outstanding in each period. 2.16 Operating leases Rentals paid under operating leases ore charged to the Consolidated statement of f Inancial activities on o stralght-llne basis over the lease term. 2.17 Penslons The Group operates a def ir)ed contribvtion penslon scheme. The assets of the scheme ore held seporotely from those of the Charlty and the pension charge represents the amounts payable by the Chority to the fund in respect of the yeor. 2.18 Fund accovntlng General funds are unrestricled funds which ore availoble for use at the discretlon of the Trustees in furtherance of the generol objectives of the Group and which have not been designated for other purpose& Designated funds comprlse unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of eoch designated fvnd is set out in ihe notes to the f Inanciol statements. Restricted funds are funds which ore to be vsed In accordance with specific restrlctions imposed by donors or whlch have been raised by the Group for particular purposes. The costs of raising and odminlsterlng such f und5 are chorged against the speclflc fvnd. The olm ond use of each restricted f und Is set out in the notes to the financial statements. Investment income, goins ond losses ore allocated to the oppropriote fund. Poge 31 Mldland Mencap (A company Ilmited by guarantee) Notes to the flnanciol statements For the year ended 31 March 2025 Accounting pollcles (continued) Critlcal occounting estlmaies and oreas of judgement In the opplication of the Group's occounting policles. the Trustees are required to moke judgements, e5timotes ond ossumptlons obout the corrylng omovnt of assels and liabilities thot ore not reodily opparent from other sources. Estlmotes ond judgements are continually evoluoted and are bosed on hlstorlcol experience and other fottors. includlng expectations of future events that are believed to be reosonable under the circumstance& The charitoble company mokes estimotes and ossumptlons concerning the fvtvre. The resulting occovnting estimotes and assvmptions will. by definition. seldom equal the reloted actual resvlts. Revlsions to accovnting estlmates ore recognlsed in the period in which the estimate is revlsed where the revision affects only that period, or in the period of the revlslon ond future periods where the revision affects both current ond future periods. Criticol accounting estimates and assumption5.' Depreciation - Useful economic life and rèsidual value Tonglble fixed assets are depreciated over their useful live5 taking Into account resldual values where opproprioie. The octual lives of the ossets ond residval values are ossessed annvolly and moy vory dependlng on a number of factors. In reossessing the vseful economic lives of ossets. foctors such as technolo 02.600) At 31 March 2025 444.682 625.977 269.374 332.880 39.390 1.712.303 Net book value At 31 March 2025 5.297.932 67.997 71.248 29.583 41.470 5.508,230 At 31 March 2024 4,779,493 74.221 20.246 21.979 2.357 4,898.296 Freehold property includes £375.257 (2024 - £375.257) for the cost of land, whlch is not deprecioted. Page 41 Mldland Mencap (A company Ilmlted by guarantee) Notes to the financlal statements For the yeor ended 51 March 2025 15. Fixed asset Snvestments Llsted Investments Cash In portfollo Total Group and Chority Market volue At 1 Aprll 2024 Additions 1,026.929 6.229 1.035.158 108.365 008.365) Dlsposols Revaluotions (91.279) 21.668 82.951 (8.328) 21.668 Income net of fees 22.679 22.679 At 31 Morch 2025 1,065.683 5.494 1.069.177 The historical cost of investments ot 31 March 2025 was £1.008,025 (2024 - £1.002.301). 16. Debtors Group 2025 Group 2024 Charity 2025 Charlty 2024 Trade debtors 680.543 799.507 680.543 740,374 Amounts owed by group undertoklngs Other debtors 2.509 5.272 32.566 25,309 52.231 23.147 Prepoyments ond accrued income 817.370 577,023 827.351 543.346 1.540,479 1.401.839 1.542.634 1.312.139 Amovnts owed by group undertokings are repayable on demand. Interest free and hove no fixed dote of repayment. 17. Current asset Investments Group 2025 Grovp 2024 Charity 2025 Chority 2024 Short-term deposits 7.600.000 5.125.000 7.600.000 5,125,000 Poge 42 Midland Mencap (A compony limited by guarantee) Notes to the flnancial statements For the year ended 31 Mgrth 2025 18. Creditors: Amovnts falling due within one year Group 2025 Group 2024 Charity 2025 Chority 2024 Trade credllors 189,899 B2.123 188.098 81.532 Other toxotlon ond social security 123.815 120.533 125,813 112.433 Obligotions under finance leases Other credltors 14.110 7.205 14.110 7.205 658,33S 586,729 646.361 568.965 Accruals and deferred income 58.215 84.606 58,214 75,211 1.OH.372 881.196 1.030.596 845.346 Obligations vnder finonce leoses are secured over the ossets to which they relate. Group 2025 Grovp 2024 Charity 2025 Chority 2024 Deferred income ot1 April 2024 Resources deferred during the yeor Amounts released from previous periods 212.273 212.273 450 450 (212.273) (212.273) 450 450 Deferred income relotes to gront/conrroct funding received in advance for the delivery of projects and services in the following yeor. 19. Creditors., Amounts falling due after more than one year Group 2025 Group 2024 Charltu 2025 Chorlty 2024 Obligotions under finance leases 20.183 20,183 Obligations vnder finance leoses are secured over the assets to whlch they relate. Poge 43 Mldland Mencop (A compony limlted by guarantee) Notes to the finonclal stotèmènts For the year ended 31 March 2025 20. Stotement of funds Statement of fvnds - current yeur Bolonce at 31 March 2025 Balance ot 1 April 2024 Transfers in/(out) Galns/ (Losses) Income Expenditvre Unrestricted funds Designoted funds Tangible fixed ossets Domcore services 4.898,296 800.000 079.157) 789,on 5.508.230 800.000 IT system Investment Community Hub project Business development 400.000 400.000 500.000 500.000 500.000 soo.000 7.098.296 079.137) 789.on 7.708.230 Generol funds Generol Funds 7.574.790 10.563.188 (8.690.766) (789.on) 1a541 8.4n.482 Total Unrestrlcted funds 14.673.086 10.363.188 (8,869.903) 13,341 1&179.712 Restrirted funds Community Hub Walsall Hub 100.000 000.000) 78.529 {78.529) Walsall Groups CYP Commlsslon 9.954 (9.954) <242.869) 242.869 Freehold property - BMC Oliver McGowan 6Y).000 04.000) 167.000 783.000 23.000 23,01)0 653.000 431.352 (445.352) 167,000 806.000 Total of fvnds 15.326.086 10.794.540 (9.315.255) 180,341 IA985.712 Page 44 Mldland Mencop (A company limlted by guarontee) Notes to the flnanclal statements For the year ended 31 March 2025 20. Stotement of fvnds {contlnued) Restricted funds The Community Hub - o service for adults with learning disability. offering meaningful daytime opportunlties and octivities such as education. training (snd leisure. Stoff consult individuals, their carers ond fomilles. to toilor servlces to suit their needs and wishes. arronging support and activlties, and signpostlng lo other relevant ogent5 if ne￿s5OrY. You Choose, servlce is part of the Community Hvb gront thot gives information and odvice. vsing per59n-centred approaches. to young people with leornlng disabilities Sn the transition period of movlng from educatlon to adult Ilfe. Staff helps the servlce-user to plan and organise their core svpport. explorlng thelr options. In a culturally sensitive woy to meet their everyday needs. and give practicol odvice In monoglng their finances. The Wolsall Hub - a service for all people with a learnlng disabllity. offering opportunities ond activities such as educotion. leisure ond troining. The services are provided in a bespoke setting In Walsall town centre. Wolsoll City Council provldes fundlng lowords the building ond clubs. Wolsall Groups Council. a service focilitatlng soclal groups for people wlth a learning dlsability funded by Walsall Children's Commissioned Services - offer short breoks usually in 2 hour blocks to family corers. Thls gives them some free tlme to pursue their own interests. secure in the knowledge that their dependent is professionally supported. Pork Ride - o Sports England funded projett that facilitotes an inclusive fomily cycllng project that provides the whole family. regordless of age or need with the opportunity to ernjoy the greot outdoors together by using a ronge of adapted and mainstream bikes. Birminghom Multi-core Restricted Income- Birmingham City Covncil funds the two respite care homes ond the day centre to provide respite core and doy time octivwties for Blrmlnghom Multl-care's cilizen5 and corers. Freehold property BMC represents the value of the propertles held In the subsidlary. Birmingham Multi-core Support Services Llmlted. Oliver McGowon - fvndlng to enable the delivery of the Oliver McGowon Mondatory Training (OMMT). Poge 45 Mldlond Mencap (A company limited by guarantee) Notes to the finandal statements For the yeor ended 31 March 2025 20. Statement of fvnds (continued) St(rtement of funds - prior year Bolance al l Aprll 2023 Transfers in/(out) Goin5/ Balonce ot (Losses) 31 March 2024 Income Expenditure Unrestricted funds Designated funds Tongible fixed assets Domcore services 5,010.904 (147.214) 34,606 4.B98.296 800.000 800.000 IT system investment Community Hub project Business development 400.000 400.000 500,000 500.000 500.000 500.000 7.210.904 (147.214) 34.606 7,098.296 Generol funds General Funds 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 14.673.086 Page 46 Mldland Mencap (A company limited by gvarontee) Notes to the financial staiements For the year ended 31 March 2025 20. Statement of funds (contlnued) Bolonce at 31 March 2024 Bolonce at 1 April 2023 Tronsfers In/(out) Galns/ (Losses) Income Expenditure Reslricted funds Community Hvb Wolsall H(Jb 100.000 000.000) (78.529) (7.000) 78.529 Walsall Groups CYP Commlssion 7.000 241,185 (241,185) (33.103) (151,538) 08.584) Park Ride 33.103 Birmingham Multl-care Freehold property - BMC Oliver McGowan 151.538 874,000 20.355 (245.771) 630,000 23.000 23.000 874,000 654.no <629.939) (245.771) 653.000 Total of fvnds 13.177.871 10.994,996 (8.945,963) 99.182 15.326,086 Anolysis of net assets between funds Anolysis of net assets between funds - current year Unrestrlcted funds 202S Restrlcted funds 2025 Total funds 2025 Tangible fixed ossets Fixed asset investments 5.508.230 783.000 6.291.230 1,069,177 1,069.177 Current assets 10.671132 23.000 10.695.132 Creditor5 due within one year <1.049.644) 0.049.6H) (20.183) Credltors due in more thon one year (20.183) Totol 16.179.712 806.000 16.985.712 Page 47 Mldland Mencap (A company limited by gvarantee) Notes to the finonciol stotements For the year ended 31 March 2025 21. Analysis of net assets between funds (continved) Analysis of net assets beiween funds - prlor year Unrestrlcted fvnds 2024 Restricted fvnds 2024 Totol funds 2024 Tanglble fixed ossets Fixed asset Investments 4,898,295 630.000 5.528,295 1.033.158 1.033.158 Current ossets 9.622,829 25,000 9.645,829 Creditors due wlthin one year (881.196) (881,196) Total 14.673.086 653.000 15.326,086 22. Aeconclliation of net movement in funds to net cash flow from oper(rting actlvltles Group 2025 Group 2024 Net income for the year (as per Stotement of Finonciol Activities) 1.492.626 2.148,215 Adjustments for: Depreciation chorges (Goins)/losses on Investmenis Dlvldends. interests ond rents from investments 193.138 166,156 03.341) <247.071) 02.500) (99,182) (160.875) (20.355) Surplus on the sale of fixed assets Increose in debtors {143.912) (21.020} (Decreose)/increase In credltor5 161.545 (151.987) Net cash provlded by operating octlvlties 1.430.483 1,860.952 Poge 48 Midland Mencop (A company Ilmlted by guarantee) Notes to the finonciol stoiements For the year ended 31 Morch 2025 23. Analysis of c05h ond cash equivalents Group 2025 Group 2024 Cash at bank 1.548.746 3.117.803 Short term deposits Cash in inveslment portfollo 7.600.000 5.125.000 3.494 Total castt ond cash eqvivolents 9.152.240 8,242.803 24. Analysis of chonges in net debt At l April 2024 New finance leases At 31 Morch 2025 Cash f lows Cosh at bonk ond In hond 3,117,803 (1.569.057) 1,548,746 Finonce leases (7.205) 16.539 (43,627) (34.293) 7.600.000 Short term deposlts 5.125.000 2.475.000 8,235,598 922.482 (43.627) 9.IH.453 25. Capttol commltments Group 2025 Group 2024 Charity 2025 Charity 2024 Controrted for bui not provided In these financial statements Acquisition of tangible fixed ossets 300.000 383.368 500.000 383,368 Page 49 Midlond Mencap (A company limlted by gvorantee) Notes to the financS0l statéments For the year ended 31 March 2025 26. Pension commltments The group operates a defined contribution pension scheme. The assets of the scheme are held separotely from Ih05e of the group in an independently administered fund. The Choritable group contributes to group personal pension plans for certoln employees. Midland Mencap continues to comply with Work Place Pensions law by making contrlbutlon5 to the new pension scheme for oll ellgible employees. All employees who quolify are automaticolly enrolled into the pension scheme. Those employees who are not automatlcolly ellgible ore given the opportunlty to opt into the penslon scheme. The employer contribution Is 3Ytr in line with the Penslon regvlator requirements. The old pension Kheme wos closed to new entrants so it Is sel to remain stoble or decrease os employees moke coreer moves. The pension cost charge represents contributions payable by the group lo the fund ond omounted to £124.735 {2024 - £125.736). Contributions totalling £NII {2024 - £24.405) were payable to the fund ot the balance sheet dote and ore included In other creditors. 27. Operatlng lease commltments At 31 March 2025 the Group ond the Charity had commitments to make future minimum lease poyments under non-concellable operoiing leases 05 follows.. Group 2025 Group 2024 Charity 2025 Charity 2024 Not loter than 1 yeor Later than1 year and not later thon 5 years 248.000 171.535 248.000 17.535 622.380 98.188 621388 98.188 870,388 269.723 870.388 269.723 Poge 50 Mldland Mencop (A compony limited by guorantee) Notes to the financial statements For the year ended 31 March 2025 28. Related party transoctions Birminghom Multi-core Support Servlces Limited is a wholly owned subsidiary of Midland Mencop. For the year ended 31 March 2025. Mldland Mencap provided oll functions of flnancial services. stroteglc ond operotional monogement. Amounts chorged to Blrmlngham Mulii-core Support Services Llmited to cover these costs totalled £50.722 (2024 - £101.560). For the parent charitoble compony. the bolance due from Birminghom Multi- Care Support Services Llmited at the balance sheet date was £2.509 (2024 - £5.272). Midland Mencap Is o member of Forward Carers CIC ond the CEO of Midlond Mencap is a Board Director of the CIC and one of two 5vbscribing members. The amount due to Midlond Mencop ot 51 March 2025 in respect of manogement charges wos £Nil (2024 - £13.240). Midland Mencap is a member of Plnewood Maintenance Limited. on e5tote mointenonce service responsible for the upkeep of the chorlty's reglstered office. During the yeor. Midlond Mencop paid service chorges of £29.731 to Pinewood Malntenance Llmited ond received an annuol monogement charge of £20.230. Details of key management personnel remuneration can be found in note 72. 29. Controlling party The ultimote controlllng porty of the Group is the Charity's Boord of Trustees. Page 51 Mldland Mencap (A company limited by guarantee) Notes to the flnoncial statements For Ihe year ended 31 March 2025 50. Principol subsldSarles The following was a svbsidiary undertaking of the Chority.. Name Company number Prlnclpal activity Blrmlnghom Multl-care Support Servlces Llmited 02399075 Provision of core services to people in Birmingham who hove multlple disobilitie5 and respite to their parents and carers The flnonciol results of the subsidiary undertoklng for the yeor were.. Nel assets 31 Marth 2025 Income Expendltvre 2025 2025 Nome Blrminghom Multi-care Svpport Services Llmlted 43.795 (262.942) 7,250.226 The SL*bsidlory undertaking hos the some registered office address os the porent Chorlty ond 15 Included in this consolidotion. Page 52