Charfty reglstrdtion number 1078686 Company registration numbor 37D7017 (England and Wales) SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustses C Hebden MBE L Nardone G Treadwell K Miglorini S Walsh Wwilson A Cope-Prior O Milne A Greensmith Secretsry C Hebden MBE Charity number 1078686 Company number 3707017 Prlncipal address The HaNey Centie 100 London Road Southend on Seg Essex SS11PG Registered offi The HaNey Centre 100 London Road Soulhend on Sea Essex SS11PG Indepgndent examiner P A Stafford FCCA 457 Southchurch Road Southend on Sea Essex SS12PH Bankers Metro Bank One Southampton Row London WC1 B SHA
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Directors. And Trustees, report Independent eXaMineS report Statement of financial activities Balance sheet Statement of eash flows Notes to the financral statements 10-22
SOUTHEND MENCAP {A COMPANY LIMITED BY GUARANTEE) STATEMENT OF DIRECTORS. AND TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the diredots of Southend Mencap for the pwpose of ex>mpany law, are responsible for preparing the Directors, And Trustees. Report and the finanual statements in aCrdan th applicable law and United "ngdorn Accounting Standards (United Kingdcm Generally Accepted A(xounb'ng Practice). Company Law requires the trustees to prepa financ4al statements for each financial year which give a true and fair view of the stste of affairs of the chanty and of Ihe incoming resourrxs and application ol resources, induding the income and expendilure, of the charitable company for that year. In preparing these financ4al statements. the tsustees a réquired to: - select suitsble accounting policies and Ihen appty them consistently: - obseNe the methods and principles in the Charlties SORP" - make judgements and estimates Ihat are reas4)nable and prudent: state whether applicable UK Accounting Stsndards have been follNed, subject to any material departures disclosed and explained in the finanaal stsiernents: and - prepare the financial statements on the going concern bays unles5 it is inappropriate to presume that the tharity will continue in operaknon. The trustees are responsible for keeping adequate aoxiunting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensu that the finanoal ststements comply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the tharity and hen for taking feasonable steps for the pRvention and detect'ion of fraud and other iegulan11e5.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, AND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees Psent their annual report and financial statements for the year ended 31 Marth 2024. for Southend Mencap (charity number". 1078686). The ffinanaal statements have been prepared in acc¢xdance with the accounting polities set out in note 1 to the financial statements and comply with the charity's constitution. the Companies Act 2006 and "Accounting and Reports'ng by Chanlies: Ststement of Recommended Practice applicable to carities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). Objectiv•s and actlvitles The objectives are." To seNe the interests of children and adults with leaming disabilty, and those of their famTlies and carers. resident within Southend and the surrounding areas of Casttepoinl, Rochlord and Rayleigh. To Inuease understanding, and public awareness. of the problems. and needs, of chrfdren and adults with learning disability, and their famib'es and Carers. To introduce new. or already proven scherns. in the fields of education. traTning. social integration and employment. To act as a pressure group. to stimulate local aclion, tsre the existing provision is inadequate, and to advocate for the needs of the leaming disabled. The alms of the charity are: To work towards Ule fvll integrab'on arKI acceptance of leaming disabled children 8nd adults into the open Community. To be a forward thinking and innovative society and to Cowoperate other organisations and Royal Meneap in furtherance of these objecives. To raise adeqtsate funds for the athievement of the foregoing obj'edives and to invite and receive grants, contributions, donalions and subscriptions. To act always in confomity with the laws goveming charities and with the Chanty Commission. Public bener The trustees are aware of their duty under S.17 of the Charities Act 2011 to have due regard to the Public Benefit Guidance published by the Charity Commission. As suth. the trustees ensure that the activities of the charrty are for the public benefft.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, AND TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and pgrfomiance On both an achievements and financial perfomance, this financAal year ending 3101 March 2024 was an incredibly successful one and one that, ultimately, provided the society With a level of long-term security it's never had before. Back in January 2020, the society had tsken on the property upstairs from our Novel Coffee Shop at 98A London Road, Southend, initially on a monthly rental basis with the view that the opportunity to purchase it would become available within 18 months. However, due to Ihe pandemic and other legal issues ouiside of the society's control, renting the property continued through unlil the end of 2023. Then. on 29kn Febnjary 2024, Southend Mencap ffinally completed on the purchase of 98A London Road. As we already owned The Novel Coffee Shop downstairs, this completion also saw the society take over the freehold for 98 London Road resulting in Southend Mencap owning some land for Ihe first time in its history. This double purchase was only possible following the receipt of a large legacy in August of 2023 that had been bequeathed to the socAety and whid) had eventually been completed after a period of four years by the soliiitors who were also ihe executors to the legacy. Student numbers continued reaching record levels across our project$ and activitles. allowing our self-sufficiency strategy to ¢onb'nue to deliver a Small level of unrestricted inrAime back into Ihe society- As reported last year, our Showstoppers Project again reported a profft for this financAal year and, along with the continued success of our Novel Coffee Shop, those bwo Services have been able to continue to support the financial costs for our Family Support Worker project. This had always been the long-temi aim of our self suffieiency strategy whereby a few projects rnay eventually start tuming a profil that could then support other projects that would never reach self sufficiency. Thi5 continued achievement means funding is still not required to be sou9ht for our Family Support Worf<er project. In tum, this frees up other fundin9 applications to be submilted, and ultimately funds secured. for our Advocacy service and ensure their Costs continue to be covered in the fthure. As reported in last year's report, our charity shop in Shoeburyness was closed down on 31 Bl March 2023 but we were still liable for the lease. which at that time still had six years left to run. An agreement had been reached wilh the landlord that as soon as a new tenant had been found for the premises, Ihe society would be able to Cornpletely exit the lease. The society was delighted lo be informed ju8l three months later that a new tenant had been found and during September 2023, once their new lease had been finalised. the landlord cancelled our lease and the society no longer had any financial liabilitses lo 110 West Road. Shoeburyness. The Novel Coffee Shop cLintinued to excEed all expectations and was even requested by olher org8nlsations to host a number of fundraising events during the year. These events. although seeing funds raised for other or9anisations, still resulted in all drinks and food purchased al these events being given to the SOCAety as a thank you from these other organisations. The use of Ihe upstairs premises also provided opportunities for a number of local Community groups to stage regular meetings, gatherings etc, allowing The Novel Coffee Shop to be recognised as a trusted venue for the vder community. With full capa¢ities continuing across our entire Service prowsion. the society was again able to deliver a number of our own fundraising events that can be lled upon to pr(Klu¢e some much needed funding to support those projects that will never be able to become self-sulficient. Our End of Summer Ball was another great sucrA5s and the Cabaret Luncheon. where entertainment was prcvided by Our Showstoppers Project, also retumed for the first lime since before the pandemic. Our MODS drama group's night performance at The Palace Theatre in November saw cjose on 90% audienc capacity across bolh nights and allowed the wonderful casl of actors and adresses to again showcase their amazing Confiden and talents to the local community. Incredibty moving standing ovations at the end of both perfom)ances happened and. thanks to Ihe very generous audience members. we were able to raise ower £1,200 from the raffle held on the two nights. In addrtion. The Only Fools and Hornes Social Group were present and presented a cheque tor £2,000 following them thoosing MODS as their charity to support. However, in a change to their usual praGtice. The Only Fools and HorsÈs Social Group Chose to continue supporting MODS during 2024 and have two fijndraising events planned for the summer of 2024 that will see them rdise more funds for the drama group.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. AND TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Making Care Fair Campaign continued during this year and, finally, the society feli wrth the support of 81ade EdtIOn that we had stsrted to 'open the eyes, of the authorities overseeing both the beneffts system and financial assessment prc)cess for the learning disabled. The soclety accepted that this would be a long process so the fact it has taken over 2 years lo just reach this point has not deterred the campaign and 115 lontemi goals for the learning disabled community. It was mentioned in last year'5 report about dISSSIOnS having taken place regarding The Music Man Projecl separating from Southend Mencap, something that would allow both charities to continue on their respective paths in as successful a way as possible. This separation occurred al the start of September 2023 and Southend Mencap wishes <xntinued success and gr0h for The Music Man Project Charity. Flnaneial Mvlew The financial climate remained a very uncertain one, especially with the continuaticn of the cost of living crisis in the UK. However, the fundraising and donations the society secured during the year proved more than sufficlenl to ensure the Executive Committee continued to be ¢xnfidenl on the long-tenn future for the society. The society also benefited greatly from an increase in other organisations choosing Southend Mencap, or one of our particular projectslactivities, to raise funds for during the year. Then, though. there vrns the receipt of Iwo large legacies that had been left to the society. The first. mentioned previously, and that took over four years lo finally be completed. allowed the society to purchase 98A London Road as well as the freehold for 98 London Road, thus greatly increasing our fixed assets. Secondly. the society was also one of ten charities named in another legacy that resulted in ttje Securing of cash funds Ihat will provide a lonterm financial security we haven't previously experienced. At a time that is still proving immensely challenging and concerning for our client base, with the society's 70Lh anniversary on the horizon the Executive Committee feel eXtrerne confident in confirming that Southend Mencap's Service probision and support can only increase from thi$ point forward. For the financial year, expenditure was equal to £515,200, whereby three month's expenditure would approximate a$ £128,800. At the balance sheel date, reserves totalled £421,541, ofwhich £347,653 is unrestricted. Funding applications continued to be needed as not all projects will be able to become self sufficient e.g. Advocacy, which is a free service so generates no in¢i)me. H¢)wever, the continued suttess of the $eW-sufficiency strategy results in our Family Support project continuing to be funded by surplus funds generated by both our Showsloppers Project and Novel Coffee Shop. We had the continuation of our ongoing five-year grant from The National Lottery Community Fund, which provided £17,914.36 during this financial year and continues through until September 2025. Additionally, we had the continuation of our three year grant from Children In Need, which provided £25,083.70 during this financial year and contsnues until May 2024. Other funding secured for the year from grant applications was £14,500 from the Post Code Communty Trust. £10,650 from the Edward Gostling Foundation, £10.032 from the Truslhouse Charitable Foundation. £9,780 from funder thal prefers to maIn nameless. £6,952.36 from Southend Short Breaks, £5,196 from Sport England. £2.500 from the FSJ Charities Trust, £2,50Q from The Rosca Trust and £1.500 from the Tesco Community Grants Scheme. The society is immensely grateful to all these organisations for their financial support this year. The charity continues to feel it is appropnate to hold reserves equivalent to three months running costs. This is considered lo present a reasonable amount to allow time for the sourcing of new funds or the orderfy winding up of the Charity, in the case of the failure of present funding.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. AND TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk Idlanagement: The trustees have assessed the major risks to which the charity is exposed, and are satisfied that sysl8ms 8re in place lo mitigate exposure to the major risks. Structure, governance and management The charity is a company limited by guarantee and is, therefore, gcvemed by a memomndum and articles of association. The trustees, vlho are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the finanaal statements were.. C Hebden MBE L Nardone G Treadwell K Miglorini S Walsh W Wilson A CoptrPrior D Milne A Greensmith ReGniitment 8nd 8ppointm8nt of trustees The board of trustees has the power to appolnt and remov8 Iruslees on a majority basis. with the chaimian C Hebden having the deGiding vote where necessary. None of the truslees has any beneficial interest In the company. oanisatIOnal stmctur8 The charity is organised so that tnJstee5 meet regularly to rnanage its affairs. M. Mcowen is a lull time support administrator. who implements the decisions of the trustees. overneeing the day lo day running of the charity and organising fundraising and application$ for grants et¢. There is also one full lime shop manager, a part-time assistant shop manager and knbvo part-time job sharing office support administration assistants. In addition it has one full time and one part time advocates for the learning disabled, and Iheir families, together with a part time Family Information Officer. There a some hventy two employees who run variou8 activities for the leaming disabled. These are a mixture of full and part time stsff. We are also very grateful to all our volunteer workers, without whom the Soc4ety could not fvnctson. The Directors, and trustees, report was approved by the Board of Trustees. C Hebden MBE Director and Trustee Date: ... IO- SLr
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHEND MENCAP I report to the trustees on my examination of the financial statements of Southend Mencap (the thanty) for the year ended 31 March 2024. Responsibillties and basis of report As the trustees of the tharity (and also its directors for the purposes of company law) you are responsible for the preparation of the financaal statements in arAx)rdance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 01 the 2006 Act and are eligible ft)r independent examination, I report in respect of my examination of the charity's financial statements carried OLrt under section 145 Of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Diredions given by the Charity Commission under section 145{5){b) of the 2011 Act. Independent èxaminer's statement Since the charity's gross inCA)me exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a mèmber of Association of Chartered Certified Accountants. which is one of the listed Ix)dies. I have completed my examinab"on. I confimi that no matters have come to my attention in connection with the examination giving me causè lo believe that in any material respect.. accounting rec()rds were not kept in respeLI of the tharity as required by sedion 386 of the 2006 Act,. or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the ac¢ount5 give a tnje and fair view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordan* wlh the methods and principles of the Statement of RernMended Practice for accounting and reporting by charities applic4ble to charities preparing their accounts in acXOrdan with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examinakn'on to which attention should be drawn in this report In order to enable a proper understanding of the financial ststements lo be reached. Stafford CA 457 Southchurch Road Southend on Sea Essex SS12PH
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Rtstrictod funds funds 2024 2014 Totsl Unrestricted Restricted funds funds 2023 2023 Totsl 2023 2024 Notes Income from: Donations and legacies Charitable adivthe5 Other trading activrties Investrnents 332,090 450 134.832 1,134 140.027 265.652 472,117 266.102 134.832 1.134 19.381 454 152,544 32,378 293,673 51,759 294,127 152.544 Total income 468.5 405.6 874,185 172.379 326.051 498.430 Expenditure on: Raising funds Charitable actbvities Other expenditure 107,194 102.149 107,194 408.006 99.359 85,692 99,359 429,764 305.8¥ 344,072 12 185.051 344.078 529.129 Total experKliture 209.343 305,857 515.200 Net incomel(expenditure} 259,163 358.985 (12,672) {18,027} {30.699) Transfers bebNeen funds 9.392 (15,017) 15,017 {9.392) Net movement in funds 249.711 109.214 358,985 {27.689) (3,010) (30,699) Raconcillation of funds: Fund balances at 1 April 2023 125.571 {32,316) 93,255 97,882 (35.326) 62,556 Fund balances at 31 March 2024 {35,326) 62.556 347.653 73.888 421.541 97.882 The statement of financial athilies indudes all gain5 and losse5 recagnised in Ihe year. All incA)me and expenditure derive from continuing actiwties.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 14 291.75S 127,683 Currentassets Debtors Cash at bank and in hand 15 16,415 132,040 24,385 3.009 Creditors: amounts falling due within one year 148,455 17 27,394 18,670 92.521 Net current asselsl{liabilrties) 129,785 (65,127) Total assets less currént Ilabillties 421,541 62,556 The funds of the chaiity Restricted income fvnds Unrestricted funds 18 73,888 347,653 {35,326) 97.882 421,541 62,556 The company is entitled to the exemption from the audit iequirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 20C with respect lo accounting records and the preparation of financial statements. The rnembers have not required the company to obtain an audit of its finanraal statsments for the year in question in accordan wrth section 476. These finanaal statements have been prepared in a¢ordance wlh the provisions applicable to companies subject to the small c4)mpanies regime. The financial statements were approved by the trustees on .....'l.- i*..- C Hebden MBE Trustee Company registration number 3707017 (England and Wales)
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 4,633 327,635 Investlng activities Purchase of tangible fixed assets Pro¢Éeds from disposal of tangible fed assets Investment income received (178,24n {613) 304 1,134 (6131 Net cash used In investing activitie5 (176,809) Flnancing activities Repayment of borrowings (21,795> {3,3801 Net cash used in financlng activitiés (21,795) (3,38Ql 640 Net increase in ¢a5h and cash equivalents 129,031 Cash and equivalents at beginning of year 3,009 2,369 132.040 3,009 Cash and cash equivalents at end of year
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting poll¢ies Charity infomiation Southend Men¢ap is a private company limited by guarantee incory)opted in England and Wales. The registered office is The Harvey CÈntre, 100 London Road, Southend on Sea, Essex, SS1 1 PG. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practtce applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (effective 1 January 2019)" The charity is a Public Benefit Entty as defined by FRS 102. The financial statements are prepared in sterfing, which is the functional CUETency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the histOriGg1 cost convention. The prinapal accounting policies adopted are set out below. 1.2 Going concern At the time ol approving the financial Statements, the tnjstees have a reasonable expectation that the charity has adequate resourcks to continue in operational existence for the foreseeable future. The trustee's recognise there are no mafenal un*rtAinties about the entlty's abilty to continue and thus the trustees continue to adopt the going concem basis of accounting in preparing the financial ststements. This view is supported by the approval of grant funding ret>ivable over the next five years to support $pe¢ifi¢ projects. 1.3 Charitablo funds Unrestricted fvnds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject lo specifiG conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set QLrt in the notes to the financial statements. Endowment funds are subje¢l to specific conditions by donors that the capital musl be maintained by the tharity. 1.4 Income Income is recognised when the chanty is legal entrtled to it after any perfomiance condition5 have been met, the amounts can be measured reliabty. and it is probable that income will be received. Cash éonatiDns are recognised on receipt. Other donations are recognised On the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donalions received under GiftAid or deeds of covenant is recognised al the time of the donation. Legacies are regarded as receivable when the rights of ownership have been transferred to the charity. Assets for distribution are re¢¢gni8ed only when distributed. Assets given ft)r use by the charity are recognised when ceivable. Stocks of undistributed donated goods are not valued for balan sheet purp05es. Grant income is recognised when the chanty is legally entitled to it after any perfomiance conditions have been met. the amounts Gan be measured reliably, and it is probable that income will be received 10-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) A¢countlng pollcies Trading income is recognised when the sale occurs to the customer, and is shown after discounts and net of VAT. 1.5 Expenditure Expenditurè is recognised once there is a legal or cA)nstructive obligation to make a payment to a third paty, It is probable that settlement will be required and the arnount of the obligab.cn can be measured reliably. Expendilure is dassified under the following artivity headings: Costs of generating fund5 indude the costs of CL)mmercial trading activities and its associated support cost and fundraising rJ)sts incurred in inducing people and organisations to contribLrte financially to the Chanty's work, this indudes the cost of advertising for donations and the staging of special fvndraising events and all a8sociated support costs. Expenditure ¢)n Charitable adivities Includes 811 expenditure d1Ctty relaled to aciivitses undertaken to furthèr the purpose and achieve the objectives of the chanty and their associated support costs. Other expenditure represents those items not falling into any other he8ding. Support costs are those functions that assist in the work of the charity bLrt do not direclly undertake Charitable activities. Support costs include back office costs, finance, personnel. payroll and govemance costs which support the charities programmes and adivities These costs have been allocated to expenditu on charitable adivities. The basis on which support costs have been allocated are set out in note 8. 1.6 Tanglblè fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost Of valuation, net of depreciation and any impairnent108ses. Tangible fixed ass815 are stated at cost less depreciatson. Items Costing below £100 are not capitalised. Depreci21ion is PTovided at rat85 calculated to write off the cost less esb'mated residual value of each asset over it6 expected useful Ibfe, as follows: Freehold propety Plant and machinery Flxiures, ffttings & equipment Motor vehicles Freehold land and assets in the course of constwction are not depreciated. 20 years straight line 40% reducing balance 15- 40% reducing balance 25% reducing balance The gain or loss arising on the disposal of an asset is detemined as the dIffence been the 3ale proceeds an(i the carying value of the asset, and is re¢ognised in the ststernenl of financial activities. 1.7 Impalrmgnt of fixed assots At each reporting end date, the charity reviews the rryIng amounts of ils tangible assets to determine whether ther8 is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in Cjrder to detsmiine the 8Xtent of the impainnent loss (if any). 1.8 Cash and cash equivalents Cash and Ggsh equivalents indude cash in hand, deposlts held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within boowing8 in current liabilities. 11
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becA)me$ paty lo the contractual provisions of the instrument. Financial assets and liabilities a offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asget and settle the liability simultaneously. Basic financial assets Basic financial assets. which include debtor5 and cash and bank tsalancs, are measured at transaction price including transaction ¢osts unless the arrangement constitLrtes a finanong transaction. where the transaction 1$ measured at the present value of the fvture reiptS discounted at a market rate of interest. Flnancral assets das5ified as receivable within one year are not amortised. Basic financlal Ilablllties Basic financial liabilities, including ditOrS and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of Interest. Financial Ilabilities classified as payable within one year are not amortlsed. Trade creditors are obligations to pay for goods or seprfices that have been acquired in the ordinary cour88 of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not, they are presenled as non<urrent liabilities. Trade creditOTS are reo)gnised al transaction price. Derecognthon of financial liablllues Financjal liabilities are derecognised when the charity's contractual obligatlons expire or are discharged or an¢elled. 1.10 Employeg benefits The cost of any unused holid8y entitlement 1$ recogniseLI in the period in which the employee's Services are received. Tenrination benefits are recognised immediately as an expense when the charTty is demonstrably committed to terminate the employment of an employee or to provide temiinabon benefits, 1.11 R•tirement benefits Payments to defined conlribution retirement benefit Schemes are tharged as an expense as they fall due. Critical aGcountlng esllmates and Judgements In the applickn'on of the charity's accounting policies. the trustees are required to make judgements, e5tlmates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other Sour5. The esb'mates and associated assumptions are based on historical experience and othef factors that are considered to be leVant, Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate ig revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 12
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unre8tri¢tod Restrlcted funds funds 2024 2024 Total Unrestrtctsd Restricted funds funds 2023 2023 Total 2024 2023 19,47:7 120,550 35,841 436,276 9,381 10,000 32,378 41,759 10,000 Donations and gifts Legacies receivable 16,364 315,726 332,090 140,027 472,117 19,381 32.378 51,759 Incomo from charltable actlvitie$ UnrestrlGtsd Rastrlcted funds funds 2024 2024 Totsl Unrestrictsd Restricted funds lunds 2023 2023 Totsl 2023 2024 Memb&rshlp fees Programme & Merchandise income Performance related gfanls 450 124,403 124,853 32D 182,073 182,393 13,494 13,749 13,749 134 13,360 98.240 98,240 127,500 127,500 450 265,652 266,102 454 293,673 294,127 In¢ome trom other tradlng actlvitles Unrostrictsd Unrgstrictsd funds funds 2024 2023 134,832 152,544 NoTrcharitabl8 trading activities Income from investments Unrestrictsd Unrestrictsd funds funds 2024 2023 Interest receivable 1,134 13-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Unrestricted Unr•strl¢led funds funds 2024 2023 Fundraising and publicity Depreciats'on and impaiment 13.776 5.213 Tradlng Costs Other trading activities Support (xists 59,473 33,945 63,332 30.814 93.418 94,146 Total costs 107,194 99,359 Expenditure on ¢haritablo a¢tivtti•s Charitable actlviti 2024 Challtable activiti05 2023 Dlrect costs Depreoation and impairment Other direct charitable expenditure 331 70,264 103,432 103,526 70,595 Sh¥re of support and gov•rnanc• costs {8e• note 9) Support Governance 303.239 1,241 358,474 695 408,006 429.764 Analysis by fund Unrestricted funds Restricted funds 102,149 305,857 85,692 344,072 408.006 429.764 14-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Support costs alloGatsd to activilies 2024 2023 Basis of allocation Staff b'me spent (85% trddinty15% charitable aclivities) Usage (10% trading90% chaiitable actsvibes) Usaga (10% tradin charilable adivibes) Usage [1 trddinty90% chaiitable activities) Usage (10% tsdinty90% chantable activities) Usage11LVA tradin chanlable aclivrtiÉs) Usage (70% tradinW% charitable activities) Usage (10% tfadiWO% cha17table aclivibes) Usage (10% tradinO0% char7tabl8 activities) Usage (10% tradin% chanlable activities) Usage (IIYA tradinry90% chanlable activibes) Staff time spent (85% chantable activthes) Stsff St$ 292.782 348.460 Office suppfies 4.895 4,548 Equipment hire 5.067 4.260 Light, heat and water 4,048 3,418 Insurance 4.022 3.438 Telephone and fax 3,652 3,423 Computer expenses 816 Licenses. pemiits and subsuiptions 1.163 694 Travel and entertaining 13 Sundry 1,862 577 Rent 11.584 15,716 Governance costs 8,273 4,633 338,425 389,983 Analysed between: Fundraising Charitable acbwties 33.945 304.480 30,814 359,169 338.425 389.983 10 TNsta8s None of the trustees (or any persons conneced %wlh them) received any reimbursement for expenses during the year Remuneration Vfds paid to a lrnst*s for ser4ices provided to the Charity during the year, £8,607 (2023: £8,666) to L Nardone. Due to their employment status they are non-votin9 truslees. 15-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Number of employees The average monthly number of employees during the year was". 2024 Number 2023 Number Trading Advocac Other charitable acbvitses Administration 16 18 26 28 Employment Costs 2024 2023 Wages and salafies Social Security costs Other pension costs 280.542 7.689 4,551 324,401 18,544 5,515 292.782 348.460 The full b'me equivalent of the totsl part tine staff was 12 for the year (2023: 13). The number of employees whose annual remuneration was £60.000 or more were.. 2024 Number 2023 Number 60,000- 65,000 65,001- 70.000 12 Other expenditure Restricted funds 2024 Restri¢ted funds 2023 Nel loss on disposal of tgIble fixed assets 13 Taxation The charity is exempt from tsxation on lis activities because all its irthrrt is applied for charitsble purposes. 16-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Ff•ehold prop•rty PlaTrt and machinery Flxtures. flttings & ¥quipmont Motor vehsGIos Totsl Cost At 1 April 2023 Additions Disposals 254,708 178,247 (12,817) 130,000 178.247 14.991 7,422 102.295 (11,863) 1954) 308,247 3,128 6,468 102,295 420,138 At 31 March 2024 Depreciation and impaimient At 1 April 2023 DeprecAation charged in the year Eliminated in respect of disposals 14.625 10,842 14,S18 92 (11,622) 7.267 17 (891) 90,814 2,920 127,024 13,871 {12,513) 25.467 2,988 6,393 93,534 128,382 At 31 March 2024 Carrybng amount Al 31 March 2024 282,780 140 75 8,761 291.756 472 155 11,681 127.683 At 31 March 2023 115,375 15 Dobtorn 2024 2023 Amounts falling duo wlthln one year.. 5,475 13.215 Trade debtors Oiher debtors Prepayments and accrued income 11,170 10,896 16,415 24,385 16 Loans and overdrafts 2024 2023 21,795 Other loans 21,795 Payable Vthin one yeaf 17-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Cr8ditors: amounts falling duo withln one year 2024 2023 Borrowings Other taxation and social Serity Trade creditors Other Lyeditors Accruals and deferred income 21,795 53.766 8,110 1,127 7.723 4.813 6,341 879 6,637 18,670 92.521 18-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS {COMTINUED FOR THE YEAR ENDED 31 MARCH 2024 18 RIrt¢téd funds The westrtci•d fvnds of th• th•nty cmprisi lh• ¥A¢xpd&l balinw ol donion• •nd gr8n¢s h•ld on tN&t wbl•d ts 4)echlccMdttkn$ by donorn •sto htythey rnay b• uaed. Movimollt In fund• Mov•ffl•nl In fvnds I 2023 31 IIAfrh Z024 25.980 17.657 140,8941 117,7881 115.5981 16CQI 107,e26 17.914 146,YQl 117.6ni 45.688 13591 Athoc4¢y Blg loltery Top cat$ Club 16+ F•mfy pkqy aTrJ fesptte Fornity suppcrtw¢rker Fthndship group ma0# eranth MOPS Mu Maft Prole¢t Musk School MUBIC Svpplkrys P8lladbJm C¢Mr*rt ShOOpPers SMASH TFC TransOnlAdy•tal• Gompaubles Annua5 FundAherPat 17,6641 14691 919 11.80¢ 57.119 24,192 4,016 11461 22,2tr) 45,477 1¢2 329 113.378? 147.0711 110.1371 13.1281 18441 121.8881 147,0211 1778 11921 I3,5) 13,8811 18.1651 12.C631 11,6501 151 12A851 I17.1) 1,605 11.2921 3,1 2,158 2.8 11.273 3.095 13,051 39.616 11,9S31 11,18n 18.9171 11,0921 732 1.265 110,3141 966 11,5421 3.921 4,7S7 [1251 142,e481 112,8541 13.4531 11,1491 Ile.7101 1112,9881 12.0301 19721 7,138 12041 4,017 1,690 20.570 119,869 1,391 722 t.S79 11,858 292 1.395 13,9211 10,456 2,685 159.7661 IS.0951 12.57BI 14.0161 12.4251 12.9171 17.Q8BI n,870 1D.4Ce 172,1711 18.999) 2,283 3,648 8.603 823 78 I,#70 92S 6,540 7,C2 13.13S 15.3341 14,9541 18,1551 1.284 132,3161 321,051 1344,0781 13.017 (3S.3261 405,£79 I3.57) 9.392 73.8B8 -19-
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 l¥ R6strt¢ted fundB Contlnu•dl Desl(th Ormellrf$.. Adv¢wl£45.3171 and Family SUpt Kbrker IE7.1381 WOiECts reWeSl free 8d¥ke supwrt ser5 pm¥h1ed bythe ckn•, are f¥nded by extsmal gnI lunding and Ihe suwses produc£d by unresliicled admties. Shm$t¢ppev$ (£lQ,5491. Smash (£2,685) arwj Yoga 1£5.9U51 wopcts rwesent actNty clubs oprated for a subtsthplK) to enablE to PTr>jeLs 10 ctherth?Ir¢o$. 8nd L)fferEd lo IhEtha[rtscrEETr(M a rekty bgsi5. ATr tt5tridÈd funds thuwing defnxt5 St IhE year-end dBte dD so due to ca5hlknw tininu relwn to ¥wse$ shoth after the ye8r-end. as further tb fees. grant paymerts OT¢&t)S aTe recetwed. The ¢nty exwiion i• this 1$ the mG Suppl'e5 fund. TEmains al bts ¢Jeftl of £1,305 post year4nd. Thi5deficd ¥ekles tothè Unnd9 of depréciati ianuible assets putthased Ihis fuThl. Ihat lo dear1 uSg unre5trided. getrBlftrnd5 the ful41. Dumg the year. Iranslèrts %*re ffladE bEtwpen rEslrLled and Un[E51erf funds otdet f the rEided funds rElJltng lo the klusr Men Proje< (MUS Man Proled, knch Pa118dium Conc£rtl to be translerred lo the ne•+ thaiiry esEabllshed kn SeFlember20YJ. Alltransfws were agrn80 upon bythe Trust¢gs aod na ¢thertwets were math h aodthn to Ihose dexritett abwe.
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds At 1 April 2023 Incoming Tegources Rasources expended Transfers At 31 March 2024 General funds 97,882 468.506 (209.343) (9.392) 347,653 Previous year At 1 April 2022 Incomirna RQUrG resoufces expended Transfers At 31 March 2023 General fvnds 125.571 172.379 {185,051) (15,017) 97,882 20 Anatysis of net assets betwoon funds Unrnstrictod funds 2024 Restrictèd funds 2024 Total 2024 Fund balances at 31 MaKh 2024 arn represented by: Tangible assets Current assetsl(liabiliknes} 291,615 56.038 141 73,747 291,756 129,785 347.653 73.888 421,541 Unrestri¢ted fundB 2023 Restricted funds 2023 Total 2023 Fund balan¢e$ at 31 March 2023 are rgpresentod ty. Tangible assets Current assetsl(liabilities) 127,145 (29,283) 538 (35,864) 127,683 (65.127) 97,882 135,326) 62.556 21 Related party transactions Remunerdtion of key management pevsonnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 33,633 30,000 21
SOUTHEND MENCAP (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Related party transactions (Continued) The follcming amounts were outstanding at the reporting end date: Amounts owed to related parties 2024 2023 Key management personnel 21.795 22 Cash generdted from operations 2024 2023 Surplusl(deficit) for the ye¥ 358,985 <30,699) Adjuslments for. Investment income recognised in slatement of financial activities {Gain)o$S on disposal of tsngible fixed assets Depfeciation arid impainnent of tangibte fixed assets (1,134) 13,870 5,544 Movements in working capilal.. Decrease in debtor5 (Decrease)fincrease in creditors 7.970 (52,056} 1,062 28,720 Cash generated from operalk)ns 327.635 4.633 23 Analysis of changes in nel fundslldebt> At 1 April 2023 Cash IlowsAI 31 March 2024 Cash at bank and in hand 3.009 129.031 132.040 Loans falling due wthin one year (21.795> 21,795 {18,786> 150.826 132.040