# Company Number 04332965 Charity Number 1091809
mes[cap] Leeds
Leeds Mencap
(A Company Limited by Guarantee)
Annual Report and Financial Statements
For the year ended 30 September 2024
Leeds Mencap
## Contents
Page
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|Report OftheTrustees .........sssscscesecececesssscsesesssesececesecesecececscesssscsssesesesssesesecesscscseeeed||
|Independent Auditor’s REPOrt.........sscsssscscecsssessctssesscsstssssecessssssecesessesesssseseesessees|LD|
|Statement of FINGNCiAl ACTIVITIESoo.
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|BAlANce SHEE ucceccsccscsscsscsscsscsccsscsscsscsscsscsscsssssssssescsscsscsscsssscsssessesssssesssccsssescesses|2 L|
|Statement OfCdSN FLOWS wu...ccccssccsscsscccesccsscesscscscsscsssssscssssessesscsscssssesssessssssesse|2D|
|NotestotheFINANcialStateEMeNtou...cccccscsscsscsscsscsscsscsscsscsscsscssssssessessscssees|29|
Leeds Mencap
## Charity Information
Trustees A Martin Chair (appointed 5 June 2024 Chair from 10 July 2024) L Hewson (Chair to 10 July 2024) T Burt (resigned 22 February 2024) S Clarke (resigned 26 April 2024) H Cohen (resigned 7 November 2023) C Murray (resigned 27 September 2024) K Goldring (resigned 24 June 2024) E Walsh (resigned 31 January 2024) L Greenwood (appointed 7 November 2023) (resigned 2 July 2025) W McCarthy (appointed 13 March 2024) L Smedley (appointed 9 December 2024) J Fox (appointed 7 March 2025) C Williams (appointed 7 April 2025)
Chief Executive Officer Ged Walker
(resigned 15 January 2025)
Charity number 1091809
Company number 04332965
Principal and registered 20 Vinery Terrace office Leeds LS9 9LU Auditors HPH Accountants LLP 54 Bootham York YO30 7XZ
Bankers Barclay Bank plc Barclays Business Centre Leeds LS1 1PA
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## Leeds Mencap
## Report of the trustees for the year ended 30 September 2024 (continued)
Jimbo’s Community Nursery is based in one of the most deprived wards of Leeds and we have found in the seven years since we opened that a higher number of children than average have delays in their development, as well as barriers to their learning. We are able to identify these issues early and start the process of getting the children and their families the additional help and support they need to enable them to make the most of the Early Years play and education available to them.
## Evening activity clubs for children and young people with and without learning disabilities:
Youth Clubs for children and young people with a learning disability (aged 9 - 18, a young adult social group for 18 - 25s) and a Sibling Support Group for children and young people who have a brother or sister with a learning disability.
An After School Club is provided as part of the community nursery to offer wrap around care for children aged 5 - 11 who attend local schools.
## Holiday clubs and playschemes for children and young people with and without learning disabilities:
Playschemes are run during school holidays for children and young people with learning disabilities aged 4 - 18. The playschemes include workshops, themed days, trips out, discos, outdoor and soft play, sensory activities.
A Holiday Club is run through the nursery for children who live locally. This supports working families but also helps continue support for families whose children are vulnerable or at risk and in need throughout the school holidays.
## High quality facilities and space for people with and without learning disabilities to use and bring communities together:
Our building, The Vinery Centre, offers great specialist facilities (‘Changing Places’ toilet, sensory room, soft play room, outdoor play area and equipment) and multifunctional rooms to other organisations that support people with learning disabilities and groups that need space for a variety of activities. The Vinery Centre has become well known for being welcoming and flexible.
## Public Benefit
The trustees recognise their duties under the Charities Act 2011 and have referred to the Charity Commission's guidance on public benefit in planning and reviewing Leeds Mencap’s activities.
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their experience. As a result of the funding, we were able to provide Holiday Club
Leeds Mencap
## Report of the trustees for the year ended 30 September 2024 (continued)
benefits for the service users of both organisations and a close and supportive working relationship is developing.
Our achievements during the year would not have been possible without the support of all those who funded and supported us. We are extremely grateful to them all. We were also extremely grateful to staff who showed creativity and innovation, as well as great care in providing support to families.
## ~~Fundraising~~
In a time when competition for funding is increasingly tough, our small, but effective fundraising team work tirelessly to help ensure that Leeds Mencap can continue to deliver its services.
This year we have received funding from 22 Trusts and Foundations, which is the largest fundraised contribution to the charity. We have also received support from 10 corporate supporters.
We are also grateful for the ongoing commitment of many core supporters who continue to make regularly monthly donations to the charity.
We do not use third parties in our fundraising, nor do we cold call. We are registered with the Fundraising Regulator and seek to apply the highest ethical standards to all our fundraising. No fundraising complaints were received in the period.
We continue to be immensely grateful for the generosity and commitment of all our supporters.
## Volunteers
Many volunteers gave up their time to help us, for example, supporting young people with learning disabilities in the specialist playroom, youth clubs and playschemes, helping with fundraising, and reception duties. We are greatly indebted to them for their commitment and support.
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Leeds Mencap
Report of the trustees for the year ended 30 September 2024 (continued)
## ~~Structure, Governance and Management~~
## ~~Governing document~~
The organisation is a charitable company limited by guarantee and is governed by its Articles of Association.
## ~~Membership~~
Under the Articles of Association, the trustees are the only members of the charity. There is provision for additional categories of member to be created. There may be up to 12 members who are the directors of the company and who are also charity trustees for the purposes of charity law. They are set out on page 1. All directors are volunteers and are not remunerated for their services. Directors are drawn from a variety of backgrounds and include relatives of service users. All are DBS checked at the enhanced level. Trustees serve a term of 4 years after which they stand down. They may be reappointed for a further two terms of 4 years. New trustees are given an induction pack and are invited to attend briefings/induction meetings where they are given an overview of the work of the charity and their duties and responsibilities are clarified. Further training for trustees is arranged as appropriate. Trustees sign up to a Code of Conduct setting out the standards and commitments expected of them.
Trustees meet on a regular basis throughout the year, with a minimumof 4 full Board meetings every year. They are responsible for setting the charity's strategic goals, budgets and policies and procedures.
## ~~Organisational structure~~
Under the Articles of Association, the charity operates a governance and management model. During the reporting year day-to-day decisions were delegated to the chief executive officer and in turn the managers of each department. The line management of the chief executive officer was delegated to one of the trustees, usually the Chair. The trustees may delegate any of their powers or functions to committees which must contain two or more directors. The terms of any delegation must be recorded in the minute book and the directors may impose conditions when delegating powers or functions. Such committees are fully answerable to the full Board.
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## Leeds Mencap
Report of the trustees for the year ended 30 September 2024 (continued)
~~Changes to the Board and organisational structure~~
During the reporting year three new trustee were welcomed to the Board and six trustees resigned. After the year end three newtrustees joined the Board and one trustee resigned.
With fewer trustees the Board decided to suspend its Sub Committee structure and agreed to meet monthly to navigate the financial challenges the organisation faced.
Subsequent to the reporting year, in January 2025, the chief executive officer resigned and the Board decided not to reappoint to the role at this time but to take the opportunity to reduce the organisation’s cost base. In consequence, day-today decisions are delegated to the management team collectively, overseen by the Board. Each manager hasa link trustee, who takes a particular interest in that manager’s service area, to ensure oversight and accountability and to offer support and supervision.
## Affiliations
Leeds Mencap is affiliated to Royal Mencap Society and has a written partnership agreement and licence to operate under the Mencap brand. The requirements of affiliation are to work according to the values of Royal Mencap Society and to work in a constructive way as a member of the wider network of local Mencap groups to support people with learning disabilities.
## ~~Risk management~~
The trustees monitor the major risk areas including governance, financial, operational, reputational, and environmental risks. As a minimum the risk register is reviewed on a quarterly basis. We aim to spread the risk associated with income by developing a range of income sources. We are currently funded through a combination of contracted work, funding from individuals, charitable trusts and companies, fundraising events and other income generation activities and continue to look to increase the number of sources of income. Strong financial controls are in place.
## Key risks include:
Safeguarding - As an organisation working with children, young people and adults at risk, trustees prioritise scrutiny of practice around safeguarding. Trustees receive reports on any incidents as a standing item at their meetings. The trustee safeguarding lead has regular meetings with the designated safeguarding lead and, as appropriate, other named people for safeguarding. Officers complete a self-evaluation exercise against West Yorkshire safeguarding protocols leading to an action plan for improvement which is shared with the lead trustee for safeguarding. Safer recruitment is practised, all staff and volunteers have
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Leeds Mencap
## Report of the trustees for the year ended 30 September 2024 (continued)
appropriate DBS checks, staff induction includes briefing on safeguarding policy and procedures, staff and volunteers attend safeguarding training. The trustees consider a review of safeguarding practice on an annual basis.
Compliance - Leeds Mencap’s work is regulated by several bodies including the Charity Commission, Companies House, Information Commissioner and Ofsted. Trustees ensure compliance with regulatory requirements through commissioning specialist advice when appropriate eg, tax advice and employment law advice, a minimum ofquarterly monitoring through management reporting, and annual audits by external bodies for example on health and safety.
Liquidity and funding - The trustees consider a cashflow forecast at every meeting and work to an annual budget against which performance is reviewed monthly. Credit control management is also considered monthly by management and quarterly by trustees through management reporting.
## Remuneration
The directors, who are the charity’s trustees and the senior management team comprise the key management personnel of the charity. Details of directors’ expenses and related party transactions are disclosed in notes 10 and 18 to the financial statements. Remuneration for key management roles is benchmarked with other local organisations of a similar size. The trustees approve an annual uplift based upon the financial outlook for the next financial year.
## Financial Review
## ~~Summary~~
Income for the year was £937,429 (2023: £1,074,208), a decrease of 12.73% (2023: 7.16% increase). Unrestricted income, however, decreased by 5.72% to £858,530 (2023: £910,651). reflecting the challenges faced by the nursery in the early part of the year and general fundraising.
Expenditure for the year was £1,081,009 (2023: £1,058,345) which represents an increase of 2.14% (2023: 2.70%). The principal reason being an increase in staffing costs.
The outcome for the year across all funds was a deficit of £143,580 (2023: £15,863 surplus). On unrestricted funds, however, which excludes the balance of restricted funds being carried forward and the application of capital grants and, therefore, better represents in-year performance there was a deficit of £133,454 (2023: £24,008) or 15.54% ofin-year unrestricted income (2023: 2.64%). This indicates the combination of cost pressures and reduced income for core activities.
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## Leeds Mencap
## Report of the trustees for the year ended 30 September 2024 (continued)
Total net assets at 30 September had decreased by £143.6k to £1,874,581 (2023: £2,018,161) over the year. The closing cash balance including, cash investments, had decreased by £152.6k to £313,769 (2023: £466,395). The trustees assess that this is sufficient resource to provide time to pursue a strategy to deliver a sustainable long-term future.
## ~~Principal funding sources~~
The charity's principal funders in the period were Leeds City Council (Short Breaks Partnership) for the playschemes, and youth clubs, Leeds City Council for the Education Healthcare Plan writing contract and a number of charities and trusts. The largest charitable funders were Baily Thomas Charitable Fund and Leeds Community Foundation (through Health Holidays and Jimbo’s Fund). 19 other trusts and foundations (detailed in note 2), and a number of companies and individuals also provided essential grants and donations towards services and equipment. Jimbo’s community nursery received significant Free Early Education Entitlement funding via Leeds City Council in addition to private fees.
## ~~Investment policy~~
As at 30 September 2024 the charity’s current assets were £362,055. The trustees’ investment policy is that short-term investments will be held in cash or near cash investments and medium-term investments will be in multi-asset common investment funds. Funds will be transferred to medium term investments as allowed by the potential demand for working capital whilst we achieve sustainability. At the balance sheet date and given current projections and market volatility, £255k was held in three fixed terms bonds, one for 12 months and two for 6 months all with different maturity dates.
## ~~Reserves policy~~
As at 30 September 2024 the charity had total funds of £1,874,581, of which £15,756 was restricted. Unrestricted funds, therefore, totalled £1,858,825 and of this £1,536,672 was designated as a property fund, being the tangible fixed asset value of the Vinery Centre less the loan secured against it. Unrestricted and undesignated funds were £322,153, but of this £21,914 represented functional fixed assets leaving free reserves of £300,239. The balance of the loan represents 12.8% of the carrying value of the land and buildings of the Vinery Centre, against which it is secured and designated.
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## Leeds Mencap
## Independent Auditors’ Report to the Members of Leeds Mencap (continued)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at:
~~www.frc.org.uk/auditorsresponsibilities.~~ This description forms part of our auditor’s report.
## Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Sarah Wearing (Senior Statutory Auditor) For and on behalf of HPH, Statutory Auditor 54 Bootham
York YO30 7XZ
## 25 July 2025
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## Leeds Mencap
## Balance Sheet as at 30 September 2024
|||30September|30September|30September|
|---|---|---|---|---|
|||2024|2023||
||Note|£
£|£|£|
|Fixed assets|||||
|Tangible assets|11|1,784,919||1,831,833|
|Current assets|||||
|Debtors|12|48,286|60,437||
|Investments - cash deposits||255,000|86,831||
|Cash at bank and in hand||58,769|379,564||
|||362,055|526,832||
|Creditors:Amountsfalling due
within one year|13|(272,393)|(114,171)||
|Net current assets||89,662||412,661|
|Total assets less current liabilities||1,874,581||2,244,494|
|Creditors:Amountsfallingdue
after more than one year|14|:||(226,333)|
|Total net assets||1,874,581||2,018,161|
|Funds:|||||
|Restrictedfunds|15|15,756||25,882|
|Unrestricted funds|||||
|General funds|15|322,153|413,356||
|Designated funds|15|= 1,536,672|1,578,923||
|Total unrestricted funds||1,858,825||1,992,279|
|Totalfunds|15|1,874,581||2,018,161|
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and were approved by the Board on 21 July 2025 and signed on its behalf.
Angus Martin Director/Chair
## Company registration number 04332965
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## Leeds Mencap
## Statement of Cash Flows for the year ended 30 September 2024
|||2024|2023|
|---|---|---|---|
||Note|£|£|
|Cash flows from operating activities||||
|Netcash providedby/(used in)operating
activities|19|(121,958)|71,938|
|Cash flows from investing activities||||
|Interest income||2,986|3,537|
|Purchase ofproperty, plant and equipment||-|(63,366)|
|Proceeds from sale of investments||-|83,169|
|Purchase ofinvestments||(168,169)|-|
|Netcashprovidedby/(used in) investing
activities||(165,183)|23,340|
|Cashflows from financing activities||||
|Repayment ofborrowings||(33,654)|(31,995)|
|Netcash (used in) financing activities||(33,654)|(31,995)|
|earincashandcashequivalents inthe||(320,795)|63,283|
|Cashandcashequivalents atthe beginning of
the year||379,564|316,281|
|Cashandcashequivalentsattheendofthe
year||58,769|379,564|
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Leeds Mencap
Notes to the Financial Statements
for the year ended 30 September 2024
## 1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statements are as follows:
## Company Information
Leeds Mencap is a Company Limited by Guarantee and is also a registered charity. The registered office is 20 Vinery Terrace, East End Park, Leeds, LS9 9LU.
Each member of the company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be admember.
## Functional currency
The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.
## Basis of preparation of the financial statements
The financial statements have been prepared in accordance with the 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)) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Leeds Mencap meets the definition ofa public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## Going concern
The charity reported an outflow of cash of £152,626, net of cash investments, in the year to September 2024. The trustees recognise that the charity’s ongoing activities operate at a deficit and will erode the organisation’s cash position over time. However, the demand for our services remains high, the feedback from service users is overwhelmingly positive and the nursery is performing excellently. Consequently, the trustees have set in place a recovery strategy, which is on track and discussed on page 12 of the trustees’ annual report, to improve the efficiency and sustainability of the charity.
The trustees have prepared financial projections, taking into consideration a prudent view of the strategic review actions, the continued cash requirements of ongoing activities until sustainability is reached and the current economic climate. This gives assurance that adequate financial resources are available to enable the
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## Leeds Mencap
## Notes to the Financial Statements
for the year ended 30 September 2024 (continued)
## Fund accounting
Funds held by the charity are either:
General funds: Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated funds: Designated funds are unrestricted funds which have been set aside by the executive committee for a specific purpose.
Restricted funds: Restricted funds are to be used for specific purposes as laid down by the donor or through the terms of an appeal. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
## Operating leases
The charity classifies the lease of printing equipment as operating leases; the title to the equipment remains with the lessor. Rentals are charged on a straight line basis over the term of the lease. (There were no continuing leases at the end of the year)
## Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at the following annual rates in order to write off fixed assets, less their residual value, over their estimated useful lives:
Plant and equipment 20% reducing balance Office equipment 15% reducing balance Motor vehicles 25% reducing balance Freehold buildings 2% straight line
Individual tangible assets are capitalised if costing in excess of £1,000.
Freehold land is not depreciated.
## Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
## Current asset investments
Current asset investments are cash deposits with maturity dates longer than three months but not greater than one year. Their value is measured at cost which, by definition, is also their redemption value and interest is recognised when receivable.
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## Leeds Mencap
## Notes to the Financial Statements
for the year ended 30 September 2024 (continued)
## Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Any bank overdrafts are shown within borrowings in current liabilities.
## Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. Any impairment loss is recognised in the income and expenditure account.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## Creditors, loans and provisions
Creditors, loans and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial liabilities are only derecognised when, and only when, the charity’s obligations are discharged, cancelled or they expire.
Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
## Critical Accounting Estimates and Judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
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## Leeds Mencap
Notes to the Financial Statements for the year ended 30 September 2024 (continued)
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The trustees have judged that the following estimates or assumptions have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities:
## ~~Freehold property valuations~~
The freehold property held by the charity was revalued during the period to 30 September 2018 as disclosed in note 11 to the financial statements.
The Vinery Centre was revalued in the period to 30 September 2018. Given that there is no intention to sell and its specialist nature, having being designed and built specifically for the charity, market value is not considered an appropriate valuation basis. Accordingly the land was valued at historic cost and the building revalued downward to its depreciated replacement value. Depreciation on the freehold building has been charged in the year to 30 September 2024.
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## 2. Grants, donations and legacies
||Unrestricted|Restricted|2024|Unrestricted|Restricted|2023|
|---|---|---|---|---|---|---|
||funds|funds|Total|funds|funds|Total|
||£|£|£|£|£|£|
|Donations|10,467|-|10,467|16,908|68|16,976|
|Legacies|-|-|-|16,667|-|16,667|
|Donationsthrough event
fundraising|11,056|-|11,056|10,445|-|10,445|
|Grants:|||||||
|BailyThomas|-|10,000|10,000|-|-|-|
|Big Lottery Fund|-|-|-|-|10,000|10,000|
|Boshier Hinton Foundation|-|1,000|1,000|-|-|-|
|Charles Brotherton Trust|-|175|175|-|175|175|
|Children in need|-|-|-|500|-|500|
|Comic Relief|-|-|-|-|20,064|20,064|
|David Family Foundation|-|-|-|-|3,000|3,000|
|Douglas Arter Foundation|-|500|500|-|500|500|
|Groundwork UK|-|344|344|-|1,031|1,031|
|Happy Days Children's Charity|-|-|-|-|790|790|
|HeadingleyOrphanage
Foundation|7|666|666|-|-|-|
|John R Murray Charitable Trust|-|-|-|-|5,000|5,000|
|Leeds Community Foundation|-|41,642|41,642|-|20,665|20,665|
|Liz&Terry Bramall Foundation|-|-|-|-|10,000|10,000|
|Marsh Charities|-|-|-|250|-|250|
|Rotary Club ofLeeds|-|2,000|2,000|-|5,936|5,936|
|Screwfix Foundation|-|-|-|-|5,000|5,000|
|Sir George Martin Trust|-|-|-|-|3,000|3,000|
|Sir JulesThorn Trust|3,000|-|3,000|-|3,000|3,000|
|Skipton Building Society
Charitable Foundation|-|1,639|1,639|7|7|7|
|Sovereign Health Care|-|2,000|2,000|-|-|-|
|Stella Symons Charitable Trust|-|-|-|-|250|250|
|The Charles& Elsie Sykes Trust|-|2,000|2,000|-|-|-|
|The Co-operative Foundation|-|2,498|2,498|-|1,766|1,766|
|The David Solomons Charitable
Trust|7|-|7|-|1,000|1,000|
|The February Foundation|-|5,000|5,000|-|-|-|
|The George AMoore Foundation|-|3,000|3,000|-|2,500|2,500|
|The Kaye Charity|-|-|-|-|2,250|2,250|
|The Percy Bilton Charity|-|-|-|-|743|743|
|The Sylvia and Colin Shepherd
Charitable Trust|_|1,000|1,000|_|_|_|
|Vickers StaffCharitable Fund|1,000|-|1,000|-|-|-|
|Wades Charity|-|3,000|3,000|-|3,000|3,000|
|Warburtons Community Grants|-|400|400|-|-|-|
|neRidingMasonicCharities|7|7|7|7|24,819|24,819|
|Windmill Community Transport|-|-|-|-|1,000|1,000|
|Wolfson Foundation|-|-|-|-|38,000|38,000|
|Yorkshire Building Society
CharityFoundation|1,000|_|1,000|_|_|_|
|yorienire PropertyCharitable
rust|-|2,035|2,035|-|-|-|
||26,523|78,899|105,422|44,770|163,557|208,327|
|The charity benefits greatly from the||involvement and||enthusiastic support||ofa|
|number of volunteers. In|accordance with FRS||102 the economic||contribution of||
|volunteersisnotrecognisedinthefinancialstatements.|||||||
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## 3. Income from charitable activities
||Unrestricted|Restricted||2024|Unrestricted|Restricted||2023|
|---|---|---|---|---|---|---|---|---|
||funds|funds||Total|funds|funds||Total|
||£|£||£|£|£||£|
|Contracts|551,550||-|551,550|582,993||-|582,993|
|~~Other fees and charges~~|~~129,717~~||~~-~~|~~129,717~~|~~130,435~~||~~-~~|~~130,435~~|
||681,267||-|681,267|713,428||-|713,428|
## 4. Other activities
||Unrestricted|Restricted||2024|Unrestricted|Restricted||2023|
|---|---|---|---|---|---|---|---|---|
||funds|funds||Total|funds|funds||Total|
||£|£||£|£|£||£|
|Fundraising activities|18,421||-|18,421|24,966||-|24,966|
|Licence income/other grant|2,899||-|2,899|2,823||-|2,823|
|Rent receivable|126,434||-|126,434|121,127||-|121,127|
||147,754||-|147,754|148,916||-|148,916|
## 5. Investment income
|||Unrestricted|Restricted||2024|Unrestrict|Restricted||2023|
|---|---|---|---|---|---|---|---|---|---|
|||funds|funds||Total|funds|funds||Total|
|||£|£||£|£|£||£|
|Interest
.
deposit|bearing
accounts|2,986||-|2,986|3,537||-|3,537|
|||2,986||-|2,986|3,537||-|3,537|
## 6. Expenditure on raising funds
||Unrestricted|Restricted||2024|Unrestricted|Restricted||2023|
|---|---|---|---|---|---|---|---|---|
||funds|funds||Total|funds|funds||Total|
||£|£||£|£|£||£|
|Expenditure on raising|||||||||
|funds (direct)|41,328||-|41,328|47,037||-|47,037|
|~~Support costs (Note 8)~~|~~15,199~~||~~-~~|~~15,199~~|~~16,634~~||~~-~~|~~16,634~~|
||56,527||-|56,527|63,671||-|63,671|
29
7. Expenditure on charitable activities
Family
support
Earty
Yearsl
Childcare
General
and
other
activities
Total
2024
Costs directly allocated to activities:
Activities
Wages and related costs
Establishment expenses
Administrative expenses
ort costs (Note 8)
18,051
147,072
5,384
1,061
53,930
225,498
52,391
417,831
472
3,057
179,373
653,124
111,394)
59,048
55,040
619,943
29,592
35,448
10,447
14,565
62,175
295,478
145,860 1,024,482
Charitable Activies - 2023
Family
support
Early
Yearsl
Childcare
General
and
other
Total
2023
Costs directly allocated to activities:
Activities
Wages and related costs
Establishment expenses
Administrative expenses
ort costs (Note 8)
16,453
169,020
3,306
934
60,187
249,900
46,501
372,337
918
2,817
171,354
593,927
118,066)
55,613
31,700
9,523
72,077
150,847
44,888
596,970
35,924
13,274
303,618
994,674
30
## 8. Analysis of support costs
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Allocation of costs|Basis of||General|Governance|Total|
|allocation|support|2024|
|£|£|£|
|Administrative|expenses|Time|62,197|6,053|68,250|
|Management|expenses|Time|129,187|-|129,187|
|Establishment|expenses|Floorarea|113,240|-|113,240|
|304,624|6,053|310,677|
|.|Raising|Charitable|Total|
|Apportionment of costs|funds|activities|2024|
|£|£|£|
|Support|costs|15,199|295,478|310,677|
|15,199|295,478|310,677|
|Analysis|of support|costs|-|2023|
|.|Basis|of||General|Governance|Total|
|Allocation|of costs|.|
|allocation|support|2023|
|£|£|£|
|Administrative|expenses|Time|55,011|6,086|61,097|
|Management|expenses|Time|125,604|-|125,604|
|Establishment|expenses|Floorarea|133,551|-|133,551|
|314,166|6,086|320,252|
|.|Raising|Charitable|Total|
|Apportionment of costs|funds|activities|2023|
|£|£|£|
|Support|costs|16,634|303,618|320,252|
|16,634|303,618|320,252|
**----- End of picture text -----**
Support costs include, categorised as management expenses, bank loan interest of £18,745 (2023: £17,994).
## 9. Net (expenditure) for the year
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|This|is|stated|after|charging:|2024|2023|
|iAuditors’|remuneration:|-S|-|
|Audit|services|4,457|4,565|
|Depreciation|of tangible|fixed|assets|46,914|50,351|
**----- End of picture text -----**
31
10. Employees and trustees
The average monthly number of employees during the year was as follows:
2024
Number
2023
Number
Fundraising
Charitable activities
Governance
56
55
61
60
The average number of employees, on a full-time equivalent basis, during the
year was as follows:
2024
Number
FTE
2023
Number
FTE
Fundraising
Charitable activities
Governance
40
43
45
48
Staff costs during the year were as follows:
2024
2023
Wages and salaries
Employer's NI
Pension costs
767,826
44,847
13,038
825,711
739,168
41,349
12,556
793,073
No employee earned £60,000 or more per annum during the year (2023: no
employee).
None of the trustees received remuneration or benefits for their services during
the year (2023: no trustee). No expenses were reimbursed to trustees (2023:
nil).
The key management personnel of Leeds Mencap are the Trustees, the Chief
Executive (to January 2025), the Finance Manager and the Family Services
Manager. The total employee benefits of the key management personnel of
the charity for the year were £111,814 (2023: £126,982).
32
11. Tangible fixed assets
Freehold
land and
buildings
Plant and
Office
Equipment equipment
Total
Cost or valuation
At l October 2023
Additions
Disposals
Revaluations
At30Se
tember 2024
1,920,000
112,812
53,478 2,086,290
1,920,000
112,812
53,478 2,086,290
Depreciation and
impairments
At l October 2023
Disposals
Depreciation
airment
At30Se
tember 2024
163,000
51,024
40,433
254,457
32,600
12,356
1,958
46,914
195,600
63,380
42,391
301,371
Net book values
At 30 September 2023
At30Se
tember 2024
1,757,000
1,724,400
61,788
49,432
13,045 1,831,833
11,087 1,784,919
The Vinery Centre was revalued on the basis of depreciated replacement cost as of
30 September 2018. Following a professional appraisal of the property and after
careful analysis of the construction costs incurred in 2016, the replacement cost
was determined to be £1,920,000 compared to a book value of £2,414,278 and an
impairment was recognised in the period to September 2018. Depreciation on the
freehold building has been charged in the subsequent accounting periods.
Had the Vinery Centre freehold land and buildings not been revalued, the carrying
value at 30 September 2024 under the historical cost method would have been
£2,145,946
33
## 12. Debtors
||2024|2023|
|---|---|---|
||£|£|
|Trade debtors|34,247|51,448|
|~~Prepayments and accrued income~~|~~14,039~~|~~8,989~~|
||48,286|60,437|
## 13. Creditors: amounts falling due within one year
||2024|2023|
|---|---|---|
||£|£|
|Bank loans|226,220|33,541|
|Trade creditors|14,014|10,731|
|Taxation and social security|15,142|13,925|
|Other creditors|3,134|5,348|
|Accruals|10,294|33,124|
|Deferred income (note 13A)|3,589|17,502|
||272,393|114,171|
## 13A. Deferred income
|13A. Deferred income|||
|---|---|---|
||2024|2023|
||£|£|
|At 1 October 2023|17,502|270|
|Amount released to income|(17,502)|(270)|
|~~Amount deferred in the period~~|~~3,589~~|~~17,502~~|
|~~At30September2024~~|~~3,589~~|~~17,502~~|
Deferred income comprises fees, charges and contracted income, invoiced or received, for services to be delivered after the year end. It largely arises because the autumn term spans two accounting periods.
34
## 14. Creditors: amounts falling due after more than one year
|||||||2024||2023|
|---|---|---|---|---|---|---|---|---|
|||||||£||£|
|Secured|bank|loan|(falling|due|in less than 2 years)||-|36,235|
|~~Secured ~~|~~bank ~~|~~loan ~~|~~(falling ~~|~~due ~~|~~between 2 and 5 years)~~||~~-~~|~~190,098~~|
||||||||-|226,333|
The bank loan is provided by Barclays Bank plc and is secured bya first legal charge over land at The Vinery Centre, 20 Vinery Terrace, Leeds. Interest is charged monthly at 2.5% over the Bank of England base rate. The 5 year term ends on 18 December 2024 and, therefore, the full outstanding balance is shown in Note 13.
Subsequent to the year end the loan was refinanced with Barclays Bank plc. The new loan is similarly secured against the Vinery Centre for a term of 5 years, although repayments are calculated on the basis of a 10 year repayment profile.
35
15. Movement in funds
Balance at
l October
2023
Income Expenditure Transfers
Gains
Balance at
ond 30 September
losses
2024
Restricted funds:
Hawthorn Fund
Rotary Club of Leeds
Other
2,000
2,035
(2,000)
(2,035)
Family Support
Comic Relief
WR Masonic Charities
Bally Thomas
LCF {Jimbo's fund)
Other
4,312
12,410
(4,312)
(12,410)
(4,192)
(10,003)
(17,036)
10,000
19,951
13,666
5,808
9,948
3,370
Childcare
Other
21,691
(21,691)
Youth Activities
Youth Clubs
790
7.917
(8,707)
Other
Other
Total restricted funds at
30 September 2024
5,000
1,639
(6,639)
25,882
78,899
(89,025)
15,756
Unestricted funds:
Designated funds
Viner
Centre - Pro
ert
1,578,923
1,578,923
(42,251)
(42,251)
1,536,672
1,536,672
General funds
Total unrestricted funds
at30Se
tember 2024
413,356
858,530
(949,733)
322,153
1,992,279
858,530
(991,984)
1,858,825
Total funds at 30
September 2024
2,018,161
937,429 (1,081,009)
1,874,581
36
Balance at
l October
2022
Income Expenditure Transfers
Gains
Balance at
and 30 September
losses
2023
Restricted funds:
Hawthorn Fund
Rotary Club of Leeds
Other
6,004
18,493
(6,004)
(18,493)
Family Support
Comic Relief
WR Masonic Charities
Other
13,692
20,064
24,819
15,766
(29,444)
(12,409)
(13,267)
4,312
12,410
3,370
871
Childcare
Morrisons Foundation
Other
22,384
(64) (22,320)
(20,665)
20,665
Youth Activities
Children in Need {Sibs)
Youth Clubs
9,384
(9,384)
(13,956}
14,746
790
Other
Wolfson Foundation
Other
Total restricted funds at
30Se
tember 2023
38,000
5,000
(38,000)
5,000
46,331
163,557
(123,686} (60,320)
25,882
Unestricted funds:
Designated funds
Vinery Centre - Property 1,532,749
1,532,749
(44,664)
(44,664}
90,838
90,838
1,578,923
1,578,923
General funds
Total unrestricted funds
at 30 September 2023
423,218
910,651
(889,995) (30,518)
413,356
1,955,967
910,651
(934,659)
60,320
1,992,279
Total funds at 30
September 2023
2,002,298 1,074,208 (1,058,345)
2,018,161
37
## Purpose of restricted funds:
- Hawthorn Funds to be used for staffing, running and equipment costs of the Fund: specialist playroom for young children with a learning disability, or for specialist support to children with learning disabilities or development delay in the community nursery, and the costs of providing support to their families.
- Family Funds to be used for the staffing, running and equipment costs of Support: support services provided to parents and carers of people with learning disabilities and their wider families.
- Childcare: Funds specifically for Jimbo’s Community Nursery, operated by Leeds Mencap.
- Youth Funds for staffing, running and equipment costs for our different Activities: clubs and activities for children and young people with learning disabilities or their siblings.
- Other Funds received for Vinery Centre capital works, renewals and replacements.
## Purpose of designated (unrestricted) funds:
- Property The Vinery Centre is the charity’s principal functional fixed asset. Funds: The designated fund is maintained at a value equivalent to the net book value of the Vinery Centre land and buildings, less the long term liability value of the bank loan secured against it. Much of the fund was sourced through restricted grants and donations, the application of which, in the acquisition of the Centre, discharged the restrictions. The expenditure allocated to this fund is the annual depreciation charge.
38
## 16. Analysis of net assets by fund
||Tangible|Netcurrent|Long term|Total|
|---|---|---|---|---|
|As at30September 2024|fixed assets|assets _ liabilities|||
||£|£|£|£|
|Restricted funds:|-|15,756|-|15,756|
|Unestricted funds:|||||
|General|21,914|300,239|-|322,153|
|~~Designated~~|~~1,763,005~~|~~(226,333)~~|~~-~~|~~1,536,672~~|
||1,784,919|89,662|-|1,874,581|
|Asat30September2023|Tangible
fixedassets|Netcurrent
Longterm
assets _ liabilities||Total|
||£|£|£|£|
|Restricted funds:|-|25,882|-|25,882|
|Unestricted funds:|||||
|General|26,577|386,779|-|413,356|
|Designated|1,805,256|-|(226,333)|1,578,923|
||1,831,833|412,661|(226,333)|2,018,161|
## 17. Taxation
Leeds Mencap is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, it is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.
## 18. Related party transactions
During the year the charitable company paid £6,952 (2023- £6,329) to Ison Harrison Ltd for professional services, a firm in which Tim Burt - a trustee until February 2024 - is a partner. As at 30 September 2024 there was Enil (2023 Enil) owing to Ison Harrison Ltd. Trustees’ expenses are disclosed in note 10 to the financial statements. There are no other related party transactions to disclose in the financial statements.
39
## 19. Reconciliation of net movements in funds to net cash flow from operating activities
|activities|||
|---|---|---|
||2024|2023|
||£|£|
|Net movement in funds|(143,580)|15,863|
|Add back depreciation|46,914|50,351|
|Deduct interestincomeshown in investing
activities|(2,986)|(3,537)|
|(Increase)/Decrease in debtors|12,151|(25,129)|
|Increase/(Decrease) in creditors|(34,457)|34,390|
||~~(121,958)~~|~~71,938~~|
## 20. Analysis of cash and cash equivalents
||||2024|2023|
|---|---|---|---|---|
||||£|£|
|Cash|in|hand|58,769|379,564|
||||58,769|379,564|
## 21. Analysis of changes in net debt
||1October
2023|Cashflows|Othernon- 30September
cash changes
2024|Othernon- 30September
cash changes
2024|
|---|---|---|---|---|
||£|£|£|£|
|Cash at bank and in hand|379,564|(320,795)|-|58,769|
|Current asset investments|86,831|168,169||255,000|
|Cash and cash equivalents|466,395|(152,626)|-|313,769|
|Bank loan falling due within 1 year|(33,541)|33,654|(226,333)|(226,220)|
|Securedbank loan (fallingdue
in lessthan 5 years)|(226,333)|:|226,333|-|
||206,521|(118,972)|-|87,549|
40