RICHMOND MENCAP LIMITED REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees | 2 - 4 |
| Independent Examiners | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 12 |
RICHMOND MENCAP LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024
Company number: 5002389 Registered Charity number: 1102587 Registered Office: 342 Richmond Road Twickenham TW1 2DU Tel: 020 8744 1923 E-mail: office@richmondmencap.org.uk Website: www.richmondmencap.org.uk Directors/Trustees: Teresa Jones (Chair) Anthony Holdsworth (Treasurer, resigned 3[rd] July 2024) Denise Carr (Interim Treasurer, appointed 3[rd] July 2024) Pamela Rayment (resigned 27[th] March 2024) Richard Poxton Philip Moshi Prisca Cox Chief Officer Laura Turner Independent Examiner: Jason Foxwell FCCA, FCIA Chartered Certified Accountant Fellow of the Association of Charity Independent Examiners 39 Enfield Road Poole BH15 3LJ Bankers: Lloyds Bank plc 19-21 The Quadrant Richmond TW9 1BP
The Trustees would like to acknowledge the generous support of the following organisations without which the charity would not be able to provide such a range of services to people with learning disabilities and their families and carers in the London Borough of Richmond upon Thames:
London Borough of Richmond Upon Thames Richmond Parish Lands Charity Hampton Fund Chelsea Square 1994 Trust Normansfield & Richmond Foundation
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RICHMOND MENCAP LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also Directors of the company, submit the annual report and financial statements for the year to 31 March 2024. The financial statements comply with the Charities Act 2011, as amended by the Charities Act 2022, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective 1 January 2019). T the decision making processes of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Richmond Mencap is a registered charity (No. 1102587) and a company limited by guarantee (No. 5002389) governed by its Memorandum and Articles of Association. Membership of the charity is open to any individual who supports its aims and objectives.
It is governed by the Trustees who are recruited from the membership and from members of the public who support the aims and objectives of the charity, with a view to ensuring an appropriate mix of skills and experience. Trustees receive no emoluments from the charity. They are responsible for the good governance of the charity, setting strategy and policies, ensuring effectiveness and accountability, maintaining prudent financial management to and meeting the requirements of public benefit guidance. The Executive Committee meets six times a year and h staff and volunteers to develop and monitor the work of the charity.
A Local Fundraising Sub-Committee, comprising trustees and other volunteers, leads a range of fundraising activities including an annual Dinner and Auction, stalls at a number of Summer Fairs across the borough, and other initiatives. The charity also has a Working Together Group of members with learning disabilities who inform the work of the Executive Committee, staff and volunteers - the Group elects its own Chair who can attend Committee meetings and meet with trustees and staff as and when required. Day-to-day running of the charity is carried out by employed staff who report to the Trustees.
The Trustees regularly review the c performance and monitor risks. The major risks to which the charity is exposed have been identified and controls and policies implemented to mitigate those risks.
The Trustees have also approved a Reserves Policy aimed at building up free reserves to a level sufficient to ensure adequate working capital to meet operational needs and any exceptional demands resulting from unforeseen circumstances as recommended by the Charity Commission. As at 31[st] March 2024, the major part of the reserves was in the form of the holiday home in Eastbourne which was subsequently sold on 9[th] May 2024, see Financial Results below for details.
OBJECTIVES
The main objectives are described below and are provided for people with learning disabilities, their families and carers in the London Borough of Richmond upon Thames and are undertaken to further our charitable purposes for the public benefit:
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to provide welfare, educational, leisure, holiday and respite services and support;
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to inform, represent, promote and advance their rights, needs, interests and well-being;
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to support them in securing services and support, commensurate with individual and family needs and to enable them to maximise their potential;
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to monitor the adequacy and suitability of services purchased or provided by the statutory authorities or their approved agents;
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to participate in, and contribute to, the development of services through the planning and consultation process.
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ACHIEVEMENTS AND PERFORMANCE
2023-24 was a year of stability for Richmond Mencap. We settled into our new office space, using our new tech and delivering skills-based learning and table-based activities. Our new staff settled in and we improved our systems and processes, and increased our capacity.
Our Partnership Working has strengthened over the year as we have worked in partnership with other charities and supported the Local Authority and NHS through our local Integrated Care System. We returned to face-toface delivery of our training for healthcare professionals at West Middlesex Hospital and raising awareness to support NHS professionals to reduce health inequalities for people with learning disabilities.
Our self-advocacy group the Working Together Group have continued to be very busy this year. They have worked with the local authority and local healthcare providers on consultations and feedback and co-chaired the Local Learning Disability Partnership. They speak out on behalf of people with learning disabilities to share experiences, fight for equal rights and raise awareness of unjust inequalities.
We started a new project, an A ccessible Music Therapy project in partnership with Otakar Kraus Music Trust suiting those with higher needs particularly. This group has been very popular and the attendees love it and have created a safe space amongst their peers.
Our have run as normal, though due to the cost-of-living crisis we have still not charged families for these services. They continue to be highly valued and oversubscribed.
Providing people with learning disabilities, social communication conditions, ADHD and other additional needs, carers and professionals good information is also a key part of what we do and between our Newsletters, Carers Newsletter, the Richmond Mencap website and the services and opportunities we offer we continue to reach over 1,000 people across the borough who care about learning disabilities.
FINANCIAL RESULTS
Total income for the year was £194, 333 (2022/23: £162,900) and total expenditure was £200,017 (2022/23: £191,825) producing a deficit of £5,684.
We had a particularly successful year of local fundraising, with a Fundraising Dinner, Literary Event, Local Fair and supporter donations raising £26,048 of valuable unrestricted funds (£4,574 raised in 2022-23).
£185,000,
providing an invaluable opportunity to invest in new activities. Following a strategic review, we have employed two Project Development Officers who will be looking at a range of new projects to utilise our reserves in a sustainable manner for the long-term benefit of the charity and its beneficiaries.
PLANS FOR 2024-25
It still is the intention of Richmond Mencap to:
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offer an effective service to people with learning disabilities and their family carers, providing advice, information and support as appropriate;
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provide a range of activities, respite care and other practical services that are responsive to changing needs, delivered by both staff and volunteers;
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strengthen our representational role as the voice of people with learning disabilities;
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increase the involvement of people with learning disabilities and their carers in our work and further develop our partnership working;
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In addition to our usual ongoing activities we are in the fortunate position of utilising the funds gained from selling the holiday home and releasing the restriction on a £100,000 Elsie Kirk grant. In accordance with a consultation of all members, the proceeds will be used for leisure and other opportunities to improve the lives of our beneficiaries.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year. In preparing these financial statements, the Trustees are required to select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The Trustees must also prepare the financial statements
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t)n a going concern basis unless it is inappropriatr to pr¢sume that thc charity will continuc to op¢rat¢. The Trustees are responsil)le for keeping accounting records which disclos¢ with reasonable accuracy at any time the fmancial position of the cbarity and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to smaller companies. The Trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for tbe pievention and detection of fraud and other ittegularities. STAFF AIYD VOLUNTEERS As ever, the work of the charity could not be carried out without the dedication, commitment and enthusiasm of the employed staff supported by a large group of willing volunteers. We are particularly grat¢ful for the hard wo and dedication of our Treasurer and Local Fundraiser. both of whom provided many years of support to Riclllnond Mencap and stspped down in July of 2024. On behalf of the members, users and family carer5. the Trustees would like to acknowledge their valued and ¢&sential contribution to the Continued success of the clwity in providing a wide range of support and activities for ¢hildr¢n and adults with learning disabilities. SMALL COMPANY EXEhWIONS This report has been preparcd in accordanc¢ with the special provisions for small cotnpanies under Part 15 of th¢ Companies Act 2006. Approved by the Tne¢S on 10th December 2024 and signed on their behalf by TGt¢5a Joll¢s Chair D¢IJis¥ Cl[ Interim Treasurer
RICHMOND MENCAP LIMITED
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] March 2024
Responsibilities and basis 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, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011, as amended by the Charities Act 2022 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I 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 the Company 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
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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)].
I have no concerns 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
Jason Foxwell 39 Enfield Road Poole BH15 3LJ
20 December 2024
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RICHMOND MENCAP LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | Designated | Restricted | Total | Total 2023 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | |||
| Notes | ||||||
| £ | £ | £ | £ | |||
| Income from: | ||||||
| Donations and legacies | 2(a) | 103,657 | 103,657 | 87,816 | ||
| Charitable activities | 2(b) | 5,512 | 58,895 | 64,407 | 68,795 | |
| Other trading activities | 2(c) | 21,591 | 21,591 | 4,574 | ||
| Other | 2(d) | 4,678 | 4,678 | 1,715 | ||
| Total Income | 135,438 | 58,895 | 194,333 | 162,900 | ||
| Expenditure on: | ||||||
| Raising funds | 5,127 | - | 5,127 | - | ||
| Charitable Activities | 3 | 135,995 | 58,895 | 194,890 | 191,825 | |
| Other | - | - | - | - | ||
| Total Expenditure | 141,122 | 58,895 | 200,017 | 191,825 | ||
| Net income/(expenditure) | (5,684) | - | - | (5,684) | (28,925) | |
| Total funds brought forward | 65,987 | 111,331 | 100,000 | 277,318 | 306,243 | |
| Net movement on funds | ||||||
| Total funds carried forward | 60,303 | 111,331 | 100,000 | 271,634 | 277,318 |
The notes on pages 8 to 12 form part of the financial statements
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RICHMOND MENCAP LIMITED BALANCE SHEET 31 MARCH 2024
| Total Funds | Total Funds | ||
|---|---|---|---|
| Note | 31 Mar 2024 | 31 Mar 2023 | |
| Fixed Assets | |||
| Tangible Assets | 6 | 130,000 | 130,000 |
| Total fixed assets | 130,000 | 130,000 | |
| Current Assets | |||
| Debtors & prepayments | 7 | 18,177 | 23,778 |
| Cash at bank and in hand | 165,599 | 183,394 | |
| Total current assets | 183,776 | 207,172 | |
| Liabilities | |||
| Creditors: Amounts falling due within one year | 8 | 42,142 | 59,854 |
| Net current assets | 141,634 | 147,318 | |
| Total assets less current liabilities | 271,634 | 277,318 | |
| The funds of the charity | |||
| Restricted income funds | 100,000 | 100,000 | |
| Unrestricted funds | 60,303 | 65,987 | |
| Revaluation reserve | 111.331 | 111,331 | |
| Total charity funds | 271,634 | 277,318 |
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RICHMOND MENCAP LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the 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), using the following principal accounting policies:
Incoming resources
Income represents the amount receivable during the year.
Resources expended
Expenditure is charged to the Statement of Financial Activities inclusive of Value Added Tax when incurred.
Fixed Assets
The only Fixed Asset is the Eastbourne holiday home which is set out in note 6.
Funds
Funds held by the Charity are one of: Unrestricted general funds - These funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Designated funds These are another form of unrestricted funds which are set aside by the Trustees of the charity for a specific future use. Restricted funds - These are funds that can be used for particular restricted purposes within the charitable objects of the Charity as specified by the donor.
Operating Leases
Rental payable under operating leases for equipment are charged to the Statement of Financial Activities as incurred over the terms of the lease
Activity Basis
Costs are currently not accounted for on an activity basis due to the size of the Charity.
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RICHMOND MENCAP LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
2. ANALYSIS OF INCOMING RESOURCES
| Unrestricte | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| d Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| 2(a) Donations & Legacies | |||||
| Individual Donations | 4,457 | - | 4,457 | 3,204 | |
| Grants | 99,200 | - | 99,200 | 87,816 | |
| Total donations & legacies | 103,657 | - | 103,657 | 91,020 | |
| 2(b) Charitable Activities | |||||
| LB of Richmond CILS contract | - | 31,251 | 31,251 | 36,493 | |
| LB of Richmond Digital grant | - | 7,644 | 7,644 | 8,282 | |
| LB of Richmond Working | Together Group | - | - | - | 11,000 |
| Achieving for Children | - | - | - | 4,448 | |
| SW London NHS contract | - | 20,000 | 20,000 | - | |
| Client Activity Fees | 5,512 | - | 5,512 | 3,372 | |
| Total charitable activities | 5,512 | 58,895 | 64,407 | 63,595 | |
| 2(c) Other Trading Activities | |||||
| Fairs | 1,386 | - | 1,386 | 1,220 | |
| Collections | - | - | - | 150 | |
| Annual Dinner | 14,374 | - | 14,374 | - | |
| Literary Event | 5,832 | - | 5,832 | - | |
| Holiday Home Rental Income | - | - | - | 5,200 | |
| Total other trading activities | 21,592 | - | 21,592 | 6,570 | |
| 2(d) Other Income | |||||
| Bank interest | 4,678 | - | 4,678 | 1,715 | |
| Total other income | 4,678 | - | 4,678 | 1,715 | |
| TOTAL INCOME | 135,439 | 58,895 | 194,334 | 162,900 |
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RICHMOND MENCAP LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
| 3. EXPENDITURE Staff salaries Employer s National Insurance Employer s Pension contributions Total Staff costs Volunteer expenses Staff Training Outings / activities Holiday home expenses Office Rent Office maintenance / cleaning Heating / lighting / utilities Telephone / internet Activity room hire Equipment and computer costs Postage / stationary Business Insurance Welfare expenses Publications / subscriptions Fundraising event expenses Audit / governance Total Costs |
2024 | 2023 |
|---|---|---|
| £ | £ | |
| 118,608 | 110,728 | |
| 2,187 | 2,417 | |
| 5,694 | 4,140 | |
| 126,489 | 117,285 | |
| 608 | ||
| 42 - 13,055 4,775 17,163 3,748 4,126 4,443 5,640 7,598 1,035 1,998 3,943 298 5,127 538 |
130 1,054 8,548 3,775 17,125 9,095 3,204 2,861 11,252 10,145 446 1,610 4,671 624 - - |
|
| 200,017 | 191,825 | |
| The average number of full-time equivalent employees 4 (2023- 4) | ||
| There are no employees earningmore than £60,000 | ||
| 2024 | 2023 | |
| 4. MOVEMENT IN TOTAL FUNDS FOR THE YEAR These are stated after charging Depreciation 5. TAXATION |
£ | £ |
| 525 | - | |
| - | - | |
| No taxation has been provided for in the Financial Statements. | ||
| As a Registered Charity, the income of the charity is exempt under Section 505 of the Income and Corporation Taxes Act 1988. |
||
| Irrecoverable VAT has been charged to the relevant expenditure headings. | ||
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RICHMOND MENCAP LIMITED NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
| 6. TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Home | ||
| £ | ||
| COST OR VALUATION | ||
| At 1 April 2023 | 130,000 | |
| Additions, Revaluations/(Disposals) | - | |
| At 31 March 2024 | 130,000 | |
| DEPRECIATION | ||
| At 1 April 2023 | - | |
| Charge for period | ||
| At 31 March 2024 | - | |
| NET BOOK VALUE | ||
| At 31 March 2024 | 130,000 | |
| At 31 March 2023 | 130,000 |
| The holiday home was sold on 9thMay 2024 for the amount of £185,000. The release of the asset from the Balance Sheet and inclusion of income of funds above the valuation will be included in the 2024-25 financial accounts. 2024 2023 7. DEBTORS AND PREPAYMENTS £ £ Debtors 11,000 16,733 Accrued income and prepayments 7,177 7,045 Total 18,177 23,778 2024 2023 8. CREDITORS: Amounts falling due within one year £ £ Pension 2,895 3,547 Payroll Taxes 3,139 2,518 Income received in advance - Grants 35,571 53,488 Sundry Creditors and Accruals 537 301 Total 42,142 59,854 9. GENERAL FUNDS 2024 2023 £ £ Opening balance 1 April 2023 65,987 94,912 Net incoming resources for the year (5,684) (28,925) Closing balance at 31 March 2024 60,303 65,987 |
The holiday home was sold on 9thMay 2024 for the amount of £185,000. The release of the asset from the Balance Sheet and inclusion of income of funds above the valuation will be included in the 2024-25 financial accounts. 2024 2023 7. DEBTORS AND PREPAYMENTS £ £ Debtors 11,000 16,733 Accrued income and prepayments 7,177 7,045 Total 18,177 23,778 2024 2023 8. CREDITORS: Amounts falling due within one year £ £ Pension 2,895 3,547 Payroll Taxes 3,139 2,518 Income received in advance - Grants 35,571 53,488 Sundry Creditors and Accruals 537 301 Total 42,142 59,854 9. GENERAL FUNDS 2024 2023 £ £ Opening balance 1 April 2023 65,987 94,912 Net incoming resources for the year (5,684) (28,925) Closing balance at 31 March 2024 60,303 65,987 |
The holiday home was sold on 9thMay 2024 for the amount of £185,000. The release of the asset from the Balance Sheet and inclusion of income of funds above the valuation will be included in the 2024-25 financial accounts. 2024 2023 7. DEBTORS AND PREPAYMENTS £ £ Debtors 11,000 16,733 Accrued income and prepayments 7,177 7,045 Total 18,177 23,778 2024 2023 8. CREDITORS: Amounts falling due within one year £ £ Pension 2,895 3,547 Payroll Taxes 3,139 2,518 Income received in advance - Grants 35,571 53,488 Sundry Creditors and Accruals 537 301 Total 42,142 59,854 9. GENERAL FUNDS 2024 2023 £ £ Opening balance 1 April 2023 65,987 94,912 Net incoming resources for the year (5,684) (28,925) Closing balance at 31 March 2024 60,303 65,987 |
The holiday home was sold on 9thMay 2024 for the amount of £185,000. The release of the asset from the Balance Sheet and inclusion of income of funds above the valuation will be included in the 2024-25 financial accounts. 2024 2023 7. DEBTORS AND PREPAYMENTS £ £ Debtors 11,000 16,733 Accrued income and prepayments 7,177 7,045 Total 18,177 23,778 2024 2023 8. CREDITORS: Amounts falling due within one year £ £ Pension 2,895 3,547 Payroll Taxes 3,139 2,518 Income received in advance - Grants 35,571 53,488 Sundry Creditors and Accruals 537 301 Total 42,142 59,854 9. GENERAL FUNDS 2024 2023 £ £ Opening balance 1 April 2023 65,987 94,912 Net incoming resources for the year (5,684) (28,925) Closing balance at 31 March 2024 60,303 65,987 |
|---|---|---|---|
| 2024 | 2023 | ||
| 7. DEBTORS AND PREPAYMENTS | £ | £ | |
| Debtors | 11,000 | 16,733 | |
| Accrued income and prepayments | 7,177 | 7,045 | |
| Total | 18,177 | 23,778 | |
| 2024 | 2023 | ||
| 8. CREDITORS: Amounts falling due within one year | £ | £ | |
| Pension | 2,895 | 3,547 | |
| Payroll Taxes | 3,139 | 2,518 | |
| Income received in advance - Grants | 35,571 | 53,488 | |
| Sundry Creditors and Accruals | 537 | 301 | |
| Total | 42,142 | 59,854 | |
| 9. GENERAL FUNDS | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Opening balance 1 April 2023 | 65,987 | 94,912 | |
| Net incoming resources for the year | (5,684) | (28,925) | |
| Closing balance at 31 March 2024 | 60,303 | 65,987 |
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10. FUND ANALYSIS
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At 1st At 31st
April Incoming Outgoing March
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| 10. FUND ANALYSIS | At 1st April Incoming Outgoing At 31st March |
|---|---|
| 2023 Resources Resources Transfers 2024 |
|
| £ £ £ £ £ |
|
| Restricted funds | 100,000 58,895 (58,895) - 100,000 |
The Elsie Kirk Trust Grant of £100,000 shown above is highly restrictive and can only be used for the office accommodation of Richmond Mencap Limited.
| At 1st April Incoming Outgoing At 31st March |
||
|---|---|---|
| Unrestricted Funds General Purposes Funds Revaluation Reserve |
2023 Resources Resource Transfers 2024 |
|
| £ £ £ £ £ |
||
| 65,987 135,438 (141,122) - 60,303 |
||
| 111,331 - - 111,331 |
||
| Total Unrestricted Funds | 177,318 135,438 (141,122) - **171,634 ** |
11. COMMITMENT UNDER OPERATING LEASES
At 31 March 2024 the Charity had a annual commitments under non-cancellable operating leases for the office rent and office printer as set out below
| Operating leases which expire: Within 2 to 5 years After more than 5 years |
2024 2023 Land and Other Land and Other Buildings Items Buildings Items £ £ £ £ 22,500 4,036 17,000 4,352 - - - - |
|---|---|
| 22,500 4,036 17,000 4,035 |
12. RELATED PARTY TRANSACTIONS
The charity is controlled by the Trustees, who are directors of the company. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
13. ERATION AND BENEFITS
muneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023, 2024 nor for the year ended 31 March 2023.
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