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Company registration number: 03612081
- Charity registration number: 1071146
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Brighton, Hove & District Mencap Society
(A company limited by guarantee)
’. Annual Report and Financial Statements for the Year Ended 31 December 2023
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Lucraft Hodgson & Dawes LLP Chartered Accountants 2/4 Ash Lane Rustington West Sussex BN16 3BZ
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|Brighton, Hove &|District Mencap Society|;|
|Contents|
|Reference|and Administrative Details|1|
|Strategic Report|_|2|
|Trustees'|Report|3to6|
|Independent|Examiner's|Report|7|
|Statement|of|Financial|Activities|8|to|9|
|Balance|Sheet|10|
|Notes|to the|Financial|Statements|11|to|20|
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Brighton, Hove & District Mencap Soclety
Reference and Administrative Detalls
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| Chairman | Ms Lorna Jane Melia | |
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| Secretary | ee ” | MrRobert Alan Parr |
| Charity Registration Number | 1071146 | |
| Company Registration Number | 03612081 | |
| The charity is incorporated in England. | ||
| Registered Office | Flat 3, Lewes Court 1-2 Aberdeen Road |
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| Brighton | ||
| East Sussex | ||
| BN2 3JH | ||
| Accountants | Lucraft Hodgson & Dawes LLP Chartered Accountants |
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| 2/4 Ash Lane | ||
| Rustington | ||
| West Sussex | ||
| BN16 3BZ | ||
| Solicitors: | Griffith Smith FarringtonWebb 47 old Steine |
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| Brighton | ||
| EastSussex |
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Brighton, Hove & District Mencap Society
Strategic Report for the Year Ended 31 December 2023
The trustees, who are directorsfor the purposes of company law, present their strategic report for the year ended 31 December 2023,in compliance with s414C of the Companies Act 2006. I
Financlal review
Policy on reserves
The Development Fund, although not a restricted fund, is not regarded as a reserve, being monies set aside from the proceeds of the annual sale of Christmas cards and gifts in past years. It was originally intended to use the fund to provide a permanent headquarters for the society. However, with the continual rise in property prices we may never be in a position to fulfil our objective so the trustees have decided to use the fund for other purposes.
The costs of the administration of the charity have been tightly controlled during the year and as a result have remained in line with both expectations and earlier accounting period..
Other unrestricted funds are used as a buffer to counter the ebb and flow of income and expenditure, which can vary widely from year to year.
The Holiday Fund is a restricted fund and past policy has been to spend only the income from investments.
investment policy and objectives
The largest part of the society's investments is in respect of the Holiday Fund. These funds were placed with the Charities Aid Foundation as part of a pooled fund'in 2001. The fund has performed in line with market expectations during the year and has recovered some of the losses experienced during the previous period. :
In 2006 £120,000 of the Charities Aid Foundation Growth Fund holding was sold and reinvested~ in a stocks and shares portfolio with stockbroker J M Finn and co Limited under a medium risk investment profile. The objective of this part of the Holiday Fund is to maximise income whilst maintaining capital, in order to sustain the current level of grants. The rest of the fund remains invested for growth in the Charities Aid Foundation Growth Fund.
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The strategic report was approved by the trustees of the charity on 14 March 2024 and signed on its ~ behalf by:
Rate. Coe. | Mr Robert Alan Parr
Company secretary and trustee
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Brighton, Hove & District Mencap Soclety
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2023.
Objectives and activities, *
Objects and aims
The relief of people with a leaming disability in particular by the provision of help and support for them and their families, dependants and carers.
To provide or assist in the provision of facilities for the recreation or other leisure time occupation for people who have the need thereof by reason of learning disability with the object of improving their condition of life.
To increase public awareness and understanding of the abilities of people with a learning disability, their problams and needs and those of their families, dependants and carers in order to assist their integration in society. .
To encourage mutual help and co-operation between families, dependants and carers of people with learning disabilities (particularly within the geographical vicinity of the Society) and also between them and other agencies and individuals who work for and with them.
To assist and promote the Royal Society, its members and groups (taking into account the work and resources of the Society) in order to achieve mutual of similar objects.
To co-operate with other charities, voluntary bodies and statutory authorities operating in furtherance of the objects of the Society or other similar charitable objects and exchange information and advice with them.
To pursue a policy of integration and inclusion in society at large through leisure programmes. . |
Objectives, strategies and activities
The work of the Society is varied but it-is all to enhance the quality of life of those with learning disabilities in our area, and to assist elderly parents who continue to support their sons and daughters at home.
Most of our welfare work is ongoing. We deal with situations as they arise, whether the problem is one of health, accommodation, allowances or the lack of respite care. Where we are unable to help directly, we either contact or put the parent/carer in touch with the relevant body.
We work towards the integration of our disabled members through leisure activities and have provided annual holidays, outings etc. which also gives respite care.to carers. ;
» Public benefit
The trustees consider all of the activities of the Charity satisfy the Public Benefit requirement.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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Trustees’ Report
Grant making policies As part of its charitable activity ‘the organisation makes grants available to beneficiaries and their carers to afford them the opportunity of benefitting from outings or holidays. : 1 .[f-]
Use of volunteers The Charity relies on the goodwill of volunteers to assist it in fulfilling its objects.
Trustees and officers
The trustees and officers serving. during the year and since the year end were as follows:
Trustees: Ms Christine Eleanore Mary King Mr Robert Alan Parr Ms Marian Elizabeth Tipler Ms Jacqueline Ann Sethi Ms Lorna Jane Melia Ms Francesca Sophia Ferrari Chairman: Ms Loma Jane Melia Secretary: Mr Robert Alan Parr Structure, governance and management
Nature of governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited’ company, limited by guarantee, as defined by the Companies Act 2006. ; Organisational structure ; The Society is a self-help group, run entirely by volunteers. The governing body is the board of Trustees, elected annually at the Annual General Meeting,. and consists of chairperson, secretary, treasurer and up to seven other committee members including service user representatives. It has powers to co-opt additional members as required. Meetings are held in Bebruary, May, September and December each year.
Sub-committees are formed for specific purposes (e.g. the Holiday Fund Committee, which oversees investments and awards holiday grants to clients).
Financial Instruments
Objectives and policies The chanity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the _[board][of][trustees,][which][provide][written][principles][on][the][use][of][financial][derivatives][to] manage[ these] risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are hekd at fixed rate to ensure certainty of cash flows.
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Brighton, Hove & District Mencap Society
Trustees’ Report
Credit risk The charity's principal financial,assets are bank balances and cash, trade and other receivables, and investments. ae The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and: derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustees’ responsibilities
The trustees (who are also the directors of Brighton, Hove & District Mencap Society for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming: resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and ‘hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the .corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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Trustees’ Report
The annual report was approved, by the trustees of the charity on 14 March 2024 and signed on its behalf by: £:
Lope
Mr Robert Alan Parr
Company secretary and trustee
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Brighton, Hove & District Mencap Soclety
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Independent Examiner's Report to the trustees of Brighton, Hove & District Mencap Soclety (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. ee Responsibllities and basls of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5}{b) of the 2011 Act.
Independent examiner’s statement
| have completed my examination. | confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
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accounting records were not kept in respect of Brighton, Hove & District Mencap Society as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or ,
4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)j].
| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
For and on behalf of Lucraft Hodgson & Dawes LLP 2/4 Ash Lane Rustington West Sussex BN16 3BZ
14 March 2024
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Brighton, Hove & District Mencap Society
Statement of Financlal Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Galns and Losses)
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|.|4|Total|
|,|4:|Note|Unrestricted|Restricted|2023|
|£|£|£|
|Income|and|Endowments|from:|
|Donations and|legacies|3|45,730|-|45,730|
|Investment|income|4|4,205|8,929|13,134|
|Total Income|49,935|8,929|58,864|
|Expenditure|on:|
|Raising|funds|§|(1,045)|{1,716}|(2,761)|
|Charitable|activities|6|(24,957)|{9,000}|(33,957)|
|Total|Expenditure|(26,002)|(10,716)|(36,718)|
|Gains/losses|on|investment|assets|6,183|14,678|20,861|
|Net|income|30,116|12,891|43,007|
|Net|movement|in|funds|30,116|12,891|43,007|
|Reconcillatlon|of funds|
|Total|funds|brought|forward|171,016|308,733|479,749|
|Total funds|carried|forward|15|201,132|321,624|_|522,756|
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The notes on pages 11 to 20 form an integral part of these financial statements. Page 8
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|Statement|of|Financial|Activities|for the Year Ended|31|December|2023|
|(Including|Income and|Expenditure Account|and|Statement|of Total|Recognised|Gains|and|
|Losses)|
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|%“|.|Total|
|-|Note|Unrestricted£|Restricted£|2022|
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|Income|and|Endowments|from:|
|Donations|and|legacies|.|3|25|-|25|
|Investment income|4|4,023|8,519|12,542|
|Total|Income|4,048|8,519|12,567|
|Expenditure|on:|
|Raising|funds|5|(916)|(1,451)|(2,367)|
|Charitable|activities|6|(19,200)|(11,081)|(30,281)|
|Total|Expenditure|(20,116)|(12,532)|(32,648)|
|Gains/losses|on|investment|assets|(12,372)|(43,354)|(55,726)|
|Net|expenditure|(28,440)|(47,367)|(75,807)|
|Net movement|in funds|(28,440)|(47,367)|(75,807)|
|Reconcillation|of funds|
|Total funds brought forward|199,456|356,100|555,556|
|Total funds|carried|forward|15|171,016|308,733|479,749|
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All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
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a The notes on pages 11 to 20 form an integral part of these financial statements. ; Page 9
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Brighton, Hove & District Mencap Society
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(Registration number: 03612081)
Balance Sheet as at 31 December 2023
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|aan|2023|2022|
|:|Pas|Note|£|£|
|Fixed|assets|"|
|Tangible|assets|10|15|15|
|Investments|11|428,802|435,864|
|428,817|435,879|
|Current|assets|
|Debtors|12|219|203|
|Cash|at bank|and|in|hand|13|94,899|44,846|
|95,118|45,049|
|Creditors:|Amounts|falling|due|within|one year|14|(1,179)|(1,179)|
|Net|current|assets|93,939|43,870|
|Net|assets|522,756|479,749|
|Funds|of the|charity:|:|
|Restricted|321,624|308,733|
|Unrestricted|Income|funds|
|Unrestricted|;|201,132|171,016|
|Total funds|15|522,756|479,749|©|
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For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 14 March 2024 and signed on their behalf by:
Mr Robert Alan Parr Company secretary and trustee
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The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
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Brighton, Hove & District Mencap Society
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Notes to the Financial Statements for the Year Ended 31 December 2023
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1 Charity status ag”
The charity is limited by guarantee, incorporated in England, and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of
the charity in the event of liquidation.
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The address of its registered office is: Flat 3, Lewes Court 1-2 Aberdeen Road Brighton East Sussex BN2 3JH
These financial statements were authorised for issue by the trustees on 14 March 2024.
2 Accounting policles
Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS_ 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. : Basis of preparation Brighton, Hove & District Mencap Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concem
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies ; Donations are recognised when the charity has been notified in writing of both the amount and settiement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
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Notes to the Financial Statements for the Year Ended 31 December 2023
Expenditure All expenditure is recognised qnce there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendituretheading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Govermance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992; to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £2,000.00 or more are initially recorded at cost.
Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Office equipment
Fixed asset investments
Depreciation method and rate 20% - reducing balance
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Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
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Brighton, Hove & District Mencap Soclety
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Notes to the Financlal Statements for the Year Ended 31 December 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. °° | i Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due accordingto the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recagnised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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Brighton, Hove & District Mencap Soclety
Notes to the Financial Statements for the Year Ended 31 December 2023
3 Income from donations and legacies
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|“oF|Unrestricted|
|General|funds|
|£|£|
|Donations|and|legacies;|
|Donations|from|individuals|.|45,730|45,730|
|Total for 2023|45,730|45,730|
|Total|for|2022|25|26|
|4|Investment|income|
|Unrestricted|Restricted|Total|
|.|funds|———oOoOCO|OOD|
|General|funds|funds|
|£|£|£|
|Other income from|fixed|asset|investments|4,205|8,929|13,134|
|Total|for 2023|4,205|8,929|13,134|
|Total for 2022|4,023|8,519|12,542|
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4 Investment income
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Brighton, Hove & District Mencap Society
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Notes to the Financial Statements for the Year Ended 31 December 2023
5 Expenditure on ralsing funds
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a) Costs of generating donations and legacies
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|---|---|---|---|---|---|
|Unrestricted|
|Note|General|funds|
|£|£|
|Allocated|support|costs|7|(17)|(17)|
|Total for 2023|(17)|(17)|
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b) Investment management costs
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|---|---|---|---|---|---|---|
|Unrestricted|F|
|funds|Restricted|Total|
|Note|General|funds|funds|
|£|¢|£|
|Other|investment|management|costs;|
|Other|portfolio management|costs|1,062|1,716|2,778|||
|Total|for|2023|1,062|1,716|2,778|
|Total|for 2022|916|1,451|2,367|
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6 Expenditure on charitable activities
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|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|Restricted|Total|
|Note|General|funds|funds|
|£|£|£|
|Provision|of|holidays|and|outings|24,100|9,000|33,100|
|Allocated|support|costs|7|60|-|60|
|Governance|costs|7|797|-|797|
|Total|for 2023|24,957|9,000|33,957|
|Total|for 2022|19,200|11,081|30,281|
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Notes to the Financial Statements for the Year Ended 31 December 2023
In addition to the expenditure analysed above, there are also governance costs of £797 (2022 - £681) which relate directly to charitable activities. See note 7 for further details.
7 Analysis of governance and support costs
Governance costs
| Unrestricted funds |
Restricted oso |
Restricted oso |
Total oe |
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|---|---|---|---|---|
| General | funds | funds | ||
| £ | £ | £ | ||
| Other governance costs | 95 | - | 95 | |
| Allocated support costs | 702 | - | 702 | |
| Total for 2023 | 797 | - | 797 | |
| Totalfor2022 | 600 | 81 | 681 |
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity’ during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ;
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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Notes to the Flnanctal Statements for the Year Ended 31 December 2023
10 Tanglble fixed assets .,”
| 10 Tanglble fixedfixed assets | .,” | |
|---|---|---|
| ° | ||
| ! Furniture and equipment Total a |
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| Cost | , | |
| At 1 January2023 | 1,337 | 1,337 |
| At 31 December 2023 | 1,337 | 1,337 |
| Depreciation | ||
| At 1 January 2023 | 1,322 | 1,322 |
| At 31 December2023 | 1,322 | 1,322 |
| Net book value | ||
| At 31 December 2023 | 15 | 15 |
| At31December2022 | 15 | 15 |
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Notes to the Financial Statements for the Year Ended 31 December 2023
11 Fixed asset investments ;° i
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Other Investments
| Listed Investments £ |
Unlisted investments £ |
Total £ |
|||
|---|---|---|---|---|---|
| Cost or Valuation | |||||
| At 1 January2023 | 172,123 | 263,741 | 435,864 | ||
| Revaluation | 2,995 | 17,866 | 20,861 | ||
| Additions | 31,877 | - | 31,677 | ||
| Disposals | (34,600) | (25,000) | (59,600) | ||
| At 31 December 2023 | 172,195 | 256,607 | 428,802 | ||
| Net book value | ; | ||||
| At 31 December 2023 | 172,195 | 256,607 | 428,802 | ||
| At 31 December2022 | 172,123 | 263,741 | 435,864 | ||
| , | |||||
| 12 Debtors | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Prepayments | 219 | 203 | |||
| 219 | 203 | ||||
| 13 Cash and cash equlvalents | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Cash on hand | 7 | 7 | |||
| Cash at bank | 94,721 | 44,819 | |||
| Short-term deposits | ‘ | 171 | 20 | ||
| 94,899 | 44,846 |
14 Creditors: amounts falllng due within one year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other | creditors | 1,179 | 1,179 |
| 1,179 | 1,179 |
Page 18
,
.
Brighton, Hove & District Mencap Society
Notes to the Financial Statements for the Year Ended 31 December 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|15|Funds|ae|
|°|
|}|
|Balance|at|.|Other|Balance|at|
|‘January|sources|oxpended|FEBMISEI|Heonhoe|
|2023|gains/({losses)|
|a|£|£|£|2023e|
|Unrestricted|funds|
|General|165,863|49,935|(26,002)|6,008|195,804|
|Designated|5,153|-|-|175|5,328|
|Total|unrestricted|funds|171,016|49,935|(26,002)|6,183|201,132|
|Restricted|funds|308,733|8,929|(10,716)|14,678|321,624|
|Total funds|479,749|58,864|(36,718)|20,861|522,756|
|Balance|at|.|Other|Balance|at|
|1January|sosources|expended|TESTIS|Hee|Srahoy|
|2022|gains/(losses)|
|£|£|£|2022|
|£|€|
|Unrestricted|funds|
|General|193,316|4,048|(20,116)|(11,385)|165,863|.|
|Designated|6,140|-|-|{987}|5,153|
|Total|unrestricted|funds|199,456|4,048|(20,116)|(12,372)|171,016|
|Restricted|funds|358,100|8,519|(12,532)|(43,354)|308,733|
|Total funds|555,556|12,587|(32,648)|(55,726)|479,749|
----- End of picture text -----
16 Analysis of net assets between funds
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|
|General|Designated|Restricted|Total funds|
|£|£|£|£|
|Tangible|fixed|assets|15|-|-|15|
|Fixed|asset|investments|135,760|4,835|288,207|428,802|
|Current|assets|60,715|493|33,910|95,118|
|Current|liabilities|(688)|-|(491)|{1,179)|
|Total|net|assets|195,802|5,328|321,626|622,756|
----- End of picture text -----
Page 19
, ‘ )
,
.
Brighton, Hove & District Mencap Society
Notes to the Financial Statements for the Year Ended 31 December 2023
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|.|<””,|GeneralUnrestrictedDesignated|Restricted|Total funds|
|oe|£|£|£|£|
|Tangible|fixed|assets|15|-|-|15|
|Fixed|asset|investments|137,711|4,660|293,493|435,864|
|Current|assets|28,825|493|15,731|45,049|
|Current|liabilities|(688)|-|(491)|(1,178)|
|Total|net assets|165,863|5,153|308,733|479,749|
----- End of picture text -----
17 Related party transactlons
There were no related party transactions in the year.
Page 20