Charity regl$tratlon numb•r 1112202 Company rngistratign number 05585404 IEngland and Wales) SOUTH WILTS MENCAP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 SOUTH WILTS MENCAP LEGALAND ADMINISTRATIVE INFORMATION Trusto•s Mr NAAfford Mrs J Beddow Mr R C L Clifford Mrs K S G811agher M15 L F Lane Mr5PHTReis Mr A Williams Ms C M Feesl Secretary Mr N AAfford Charity number 1112202 Company number 05585404 Reglstered offie• 16 Catherine Street Salisbury Wilishire SP1 2DA Indèp•nd•nt examlner Moore Isouthl LLP 33 The Clarendon Centre Salisbury Bu5ine55 P8rk Dairy Meadow Lane Salisbury Wiltshire SP1 2TJ SOUTH WILTS MENCAP CONTENTS Page Trustees, report Indepgndent gX8min8rfs r8POrt statement of financial activit￿$ Balance sheet Notes to the financi81 st8lements 8-15 SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees presènt their annual report and financial statements for thè year ended 31 December 2023. The finanelal staternents have been prepared in accordance with the accoLJnting policies set out in note 1 to th8 financial slaternen15 and Comply with the charitls articles of association, the Companies Act 2006 and 'Accounling and Reporting by Charilie5'. Statement of Recorntnended PractiTr applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffectiV8 1 January 20191. Objectlves and activities The charity's objeets are.. The relief ol people with a leaming disability IN South Wiltshire in particulai by ihe provisDn of help and support for them and for iheir fatnilie5. dependents and carets, and to pr8verit learning disabilities for the publiG benefit. To provide or assist in the provision ol facilities for the recreation or other leisure lime occupation for people who have need thereof by reason of learlling disability ILDI with the object of improving their conditions of Despite beiNg a relatively small charity, South Wilts Mencap routinely supports around 150 people with learning disabilities ILDI a￿sS the whoke age range and their families. Our services includg.. running a srnall travel business, Breakaway. providing annual holidays with carers for our LD (x)rnmunity, and a theatre Irip.. providing clubs and activities on average four limes a week throughout th8 year, holding nv)nthly discos and a nutnber ol larger events", provlding sUPPOrt and servi￿$ for families and carers. South Wilts Mèncap has around 70 staff including volunteers. sixte8n employees are on the payroll and includ6 the Operations Manager, casual workers and individual contractors all working throughout the year. Public benefit The trustees have paid due regard to guidance issued by the Charity Cotnmission in deciding what actsvitle5 the chanty should undertake. SOUTH WILTS MENCAP TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achiovements and perfomTrance Significant activili&s andachi8vementS against objectives 2023 was a year of consolidahon. All the Societys Clubs now fin8lly fully functional and in addition to our regular clubs w6 have set up a varied programme of ev8nts throughout the yoar which a￿ designed lo get our members out and about ss much as possible. Thèse includ6 quvz evenings. visits to th8 alpacas. bowling, musèum visits, scavenger hunts and ¢ookery class8s. As part of our efforts to improve th8 h8alth and fitness of our guys we held our inaugural Fun Run in September using the Salisbury Park Run course and this proved to bè a great success. We will njn thi5 8s an annual ev8llt. The Breakaway holiday club continue5 to thrive with holidays to Majorca. London, Torquay, Budins, Warners and a Sea cruise. Day trips include a Spa visit, tM)at trip and outing to the theatre. And, importanuy. we continue to provide outings and grants for adapted taxis to enable our PMLD oommunity to enjoy day trips oijt. Our shop continues to raiso impressive amount8 of rnoney lor the Society and our grateful thanks go, a5 ever, to the shop dir8Ctors and volunteers, especially lor their forbearance and good humour during the Ihr8e-rnonth period at the beginning of the year speni in a 18mporary pop-up shop in the George M811 whilst we had the asbestos rernov8d from the premlses at 16 Catherine Str88t. We still need more Trustees for th8 SoNety and volunteers for the shop but we can now look forward to 2024 with considerably fflore optirnism than has bèen available in past year5. With our clubs and activitiès now running prety much as they should be, we are looking now to the next stage of the grand whth it to engage more wth the loral community. Financlal revlew Shop Income from 16 Catherine Stre8t held up really wdl consMJering the shop was shut for 8 refurb from the 26th January lo 19th April. During this period. it was replaced by a pop-LJP shop in the George Mall. As a consequence. Shop ineome dipped by 2.4¥ts this ye8r to £139.691 from £143.130 in 2022. The shop sufFered from the large inflationary inueases in 2023 with power costs rising 8nd card th8rg85 increasing, meaning administrative expenses ros8 from £18.474 10 £22.996 in 2023. The shop rÈfil. pop up shop costs and flal r8pairs Costs ¢ame to 8 total of £42,367. Overall. after refit costs. the shop still managed to generate a commendable £102.070 for South Wilts Mencap. With the continued expansion ol cjubs and events after the Covid years ihg Society increased 5periding on charitable activities lo £148.600 in 2023. this together with Ihe diop In inwme from the shop Caus￿ a net deficit in the y8ar cif £11,431. However, the Society rtmains in good shape financially to weather any potgnt181 ullcertaintiès in 2024 with £362,47012022.. £324.7481 in bank assets at the year end. As w8 rnOV8 fO￿ard into 2024 the Society is rnainlainlng a balance befv￿n In￿rn8 g8n8r8tion and pru¢Jènt spending but is still very reliant upon the income gener8ted by the shop. W8 do expect the shop to ffointain income levels and have budg8t8d lo receivè £130,000 in 2024, after allowing for minor repairs and unexpe¢tgd costs. The Soci8ty continues to earmark £60.000 las a sustainably fund) and has also e3rmarked a further £60,000 for the future replacement of the minibus, which, although fully depreciated in the accounts continues to work well and 15 not anticipated to b8 r*placed in the next year or so. South Wills Men¢ap ￿MaInS ¢ommitted to its mission. and our financial stability ensures that we can continue providing services lo those in need. RèsgNèspolicy 11 is the policy of the charity that unrestricted funds which have not been d85ign818d for a specifi¢ use should be maintained at a level equivalent to belween three and six month'5 expenditure. The trustees considers that reserves at this level will ensure th81, in the event of a 5vJnificant drop in funding, they will be able to ¢onlinue the charity's current activities while consideration is given to ways in which 8dditional funds may be raised. This level of ￿serveS has been maintained throughout the year. SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Major nsks The trust8e5 have a duty to identify the risks to which the charity is exposed and to ensure that appropriate controls a￿ in place to provide reasonable assur8nce against fraud and error. The charity regularly reviews its prctedures to tninimise such risk to ils assets and income and to ensure that where risks are identified procedures are in place lo 211eviate them as far as possible. For the tnajor risks identified, the trustees have put in place 8ppropriale measures to manage those risks. stru￿ure, governance and management The ch8rity is a company limited by guarantee. None of the trusle8s h8s any beneficial Inte￿$t in the company. All of the trustees are metnbers of the company and guarantee lo contribute £1 In the event of a winding up. The charity is an incorporated company lirniled by guarantee. The M8tnorandum and Articles of Assock8tion were vised prior to our incorporation in October 2006. The trustees. who are also the directors for the purpose ol company law, and who sèrv6d during th8ye8r 8nd up ¢0 the date of signature of the financi81 statements were.. Mr N AAfford Mrs J Beddow Mr R C L Clifford Mrs K S Gallagh8r Mrs L F Lane MrsPHTReis MrA Williams Ms C M Feest SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reenjitment and 8ppointmentof twslees MeTnbership ol th8 company I charity 15 open to anyone who 5UPPOrts th8 principle of enriching the lives of our client group of local people with a LD Isee Article 41. The Executive Committee ol directors consists of no le5S than 4 and nom)ally no more than 12 directors. They are rèquired lo meet regularly and in fact meet on the sèmnd Tuesday of every month. There must be. and 15, 8 Chair. a VI￿ Chair. a Treasurer I Company Secretary and other directors elected by the rnember5hip at the Annual General Meeting IAGMI.At each AGM the Executive Committee retires but rnay be reelected. No person may be appointed to the ExecutlV8 Committee 8x¢ept by the above procedure at the AGM. New trustees are recruited through advertising and personal contscl. The Chair ha5 prime resporTrsibility for the qualily and excellence of all tssks and activities und8rtaken. In addition, the non-executive Presid8nt o¢casionally att8nds monthly meetings. rnainlains oversight of the Society's activity and presides at the AGM The trustees met eleven times during the year to conduct the charitys business and the AGM was held Dn 21 April 2023. Whilst the Executive Committee set5 policy and procedures, allocates funds and monitors performznce the day-ltrday management of individual activities is vested between the Services Coordinator and Breakaway Manager under the aegis of the Operations Comrnittee. The trustees ol South Wilts Mencap work closely with the directors of 118 trading subsidiary, 16 Catherine Street Limited. to ensure aligntnent ol governance and tnanagement of the Iwts orgènis&tions. Respective chairs sit tsn ea erfs board of management. as approved by the Board of Trustees. MrRCLCliffo tru$te• Date.. SOUTH WILTS MENCAP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH WILTS MENCAP I report to the trustees on my exarnination of the financial statements ol South Wilts Mencap (the charity) for the yèar ended 31 December 2023. Responsibiliti85 and bas1$ of report As the trustee5 of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial staiements in accordan￿ with the requirements of the Companies Act 20[￿ Ith8 2006 Acti. Having satisfied myself that the financial statements of the charity are not required to be audited und8r Part 16 01 e 2006 Act and are ellgible for independent exarnination, I rep)rt in respect of rny examination of the charity's flnancial statements ￿rried out under se¢lion 145 of the Charities Act 2011 Ilhe 2011 Act). In Carrying out my xatninatiofj I have followed all lh8 applicable Oiredions given by the Charity Cornrnission under section 14515Kbl of the 2011 Aci. Independent examinerfs statement I have completed my examination. I confimi thal no matters have come to my attention in connection with the examination giving rne cause lo beliewe that in any rnaterial respecl.. a¢wunting records were not kept in respect of the charity a5 rèquired by secth)n 386 of the 2006 Act., or the fin8ncia5 statements do not accord with those iecofd5". or the financi81 statements do not comply wilh the accounting reqU1￿ments of Saction 396 of th8 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 gxarniaation.. or the financial statements have not been prepared in accordance with the rnethod5 and principles of the Statement of Recommended Practice for accounting and reporting ty charitie$ applicable to charities ng their 8ccounts In accordan￿ with the Financial Reporting Standard applicable in the UK 8r i¢of reland IFRS 1021. co ms and hav8 come aGr05s no other Matters in conneGlion v41th the exatnination lo which attgntion in this raport in order to 8nable a proper understanding ol the financial ststamenls to be reachad. cdonald FCCA Moore (South) LLP 33 The Clarendon Cent Salisbury Business Park Dairy Meadow Lane Salisbury wiltsh￿ra SP12TJ Dated.. SOUTH WILTS MENCAP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 unrestri￿9￿ funds 2022 Rostrl¢ted funds 2022 Total 2022 Notes Income from.. Donations and legaaes Charitable acbvitles Investments 2,198 129,024 5,947 7.988 160,298 1,492 7,988 160,298 1.492 Total income 137,169 169,778 169,778 Charitable activities 148.600 116,958 116,958 Net incomellexpenditur•l 111.4311 52.820 52.820 Transf8rs betsveen funds 14,478 114,4781 Net m0￿m•nt in funds 111,4311 67,298 114,4781 52,820 Reconclllatlon of funds: Fund balances al 1 January 2023 562,725 495,427 14,478 509,905 Fund balanc85 at 31 Dectrmber 2023 551,294 562,725 562,725 The statement of financial activities includes all gains and losses recognised in the year. Al inoorne and exp8nditur8 derive from continuing activit18S. SOUTH WILTS MENCAP BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible asset5 Invèstments 11 12 709 190,500 1.095 190.500 191.209 191,595 Current ass•t5 D8blors Cash at bank and in hand 13 4,785 362,470 63.047 324.748 367,255 387,795 Credltors: amounts falllng due wlthin one year 14 7,170 16,665 Net current assets 360,085 371,130 Total a88ets less eurrènt liabilities 551.294 562,725 The fvnds of the charity Unrestricted fund5 551.294 562.725 551,294 562,725 The company is entitled to the exèrnption from the audil reqU1￿ment contained in section 477 of the Companies Act 2006, for the year ended 31 De￿rnber 2023. The directors acknowledge their responsibilities for complying with tha r6quiram8nts of the Companies Act 2006 with ￿SpeCt to accounting records and the preparation of financial ststemenls. The members have not required the company lo obtain an audit of Its financial statements for the year in question in accordance with section 476. 8S8 tho nancial stalem8nts havè bèon pr6par8d in accordance with the provisions applicable to companies subject mall nies regime. Inan ent5 were approved by the trustees on C L Cliffo Trustee Company registration number 05585404 IEn9land and Wales) SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A￿OUntIng policSgs harity Infomi*ion South Wilts Mencap is 8 private company limited by guarantee incorporated in England and Wales. The registered offv is 16 Catherine Street, Salisbury, Wiltshirg, SP12DA. 1.1 Accounting convention The financial statements have been preparèd in accordance with the charivs Igovernlng documenll. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Reput￿lC of Ireland. I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their awounts in accord8nce with the Financkgl Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"18ffective 1 January 20191. The charity is a Public Benefit Entity 8$ defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Fl¢)ws. Th8 financial statements arè prepared in sterling. which is the functional currèncy of the charity. Monetary amounts in th888 fin8ncial statements ara roundgd to the neafest £. The financial 5tatern8nts h8ve been prepared under the historical cost convenb'on. modified to inc￿de c8rt8in finan¢ial instruments al lair value. The princip81 aco)unling policies adopted a￿ Set out below. 1.2 Going cone8rn At th8 time of approvin9 th8 financial statements, the trLsslees have a ￿asonable expectation that th8 charity has adequate re50urce5 to continue in operational existence for the foreseeable future. Thus the Imstees continue to adopt the going con￿rn basis ol accounting in preparing the financial slatemenls. 1.3 Charltable funds Unreslrictgd funds are available for use at the discretion of the tnJstees in furtherance of their charitable objectiV8S. Restricted funds are subject lo speari¢ condf(ions by donors or grantors as to how they may be used. The purposes and usgs of the restricted funds ar* s8t out in the notes to the financial statements. 1.4 Incomlng resour¢eB Income is recognised wh8n th8 charity is16g811y entitled to it after any performance condit*ons have been m8t, the amounts can be measured reliably. and it is probable that incnme will b8 r8ceiv8d. Cash donations are ￿cOgnISed on re￿IPt. Other donations are recognised once th8 charity has b88n fiDtified of the donation, unless Performan￿ conditiOll5 require deferral DI the arTh)unt. Income lax recoverable in relatson lo donations r8C8ived kJnd8r GrfiAid or deed5 of coven3nt is recognised al the bme ol the donation. Legacies are recognised on receipt or otherwise if the charity has been notifi8d of an impending dtstribution, the a￿Unt is known, and receipt 15 8XP8cl8d. If the amount 15 not known, the legacy is treated as a conting8nt asset. SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aecountlng pollclej Iconllnuedl 1.5 Resources •xponded Expenditure is reeognised once Ih8re is a legal or constructive obligation to transfer economic benefit to Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and the arnount of the obligation can be measured reliably. Expénditu￿ is classifi8d by activity. The costs of each aetivtty a￿ made up of the total tsf direct costs and shared costs, including support costs involved in undertaking eaoh activity. Direct costs attributawe to a single activity are allocated directly to that acts'vity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity ar8 8PPOrtioned between tho88 activities on a basis consistent with th8 use of resour¢es. C8ntral staff costs are allocated on the basis ol time spent, and d8precialion charges are allocated on the portion of th8 asset's use. Exp8nditure is recognised once there is a leg31 or constructtve obligation lo rnake a payment to a third party, tt is probable that settlement will be required the amounl of th8 obligation can be measur8d reliaLIy. Expenditure Is classified under the following activily h8ading5.' Expenditure on eharit8ble activities. which includes the costs of all activities undertak8ll to further the purpose of the charity and their associated support costs. Support ¢osis are those fundions that assist the work of the charity but do not directly undertake ¢harilable acts"vities. Support Costs include office costs, finance costs 8nd govemance costs which support the charity's programme of activities. 1.6 Tangibl• flxed asget5 Tangibl8 fixed asset5 are Initially measured at cost and sUbseque￿￿Y measured at C05t or valualion, net of d&preciation and any impairment losse5. Depreciation is reeognised so as to write oft the cost or valuation of assets less their residual valu85 over their useful lives on th8 followiro bases". Fixtures and fittings Motor vehicle5 3 years 5 years Tr8 gain or loss arising on the disposal of an asset is detefrnined as the difference belween the sale proceeds and the carrying value of the asset. and is recognised in the slatern8rit of financial activities. 1.7 Fix•d asset inv•stm8nts Fixed asset investments are initially Theasured at transaction price exduding transactK)n costs. and are subsequently measured at fair value at each ¢portin9 date. Change5 in fair value are recognised in net incornellexpenditurel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the Eharity. Control is the power to govern the finan¢i81 and operdting Poli￿e5 of the entity so as to obtairi benèfits from its activitie5. 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the c8rr5qng amounts of its tangibl8 assets to dotermine whether there is any indication that ihose asset5 have suffered an impairment loss. If any such Ind￿atIOn exists, the reu)vèiable amount ol the 8s58t is eslirnated in order to determine the exlenl of the impairffenL 105s lif anyl. 1.9 Cash and cash equivalents Cash and cash eouivg18nis include cash in hand, d&p051ts held at call with banks, other short-tomn liquid investments with onginal fflaturities of thre8 rnonths or1985, and bank overdrafts. Bank overdrafts a￿ shown wrthin borrowings iri Current liabilities. SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollclos (Continued) 1.10 Financial instrum•nt5 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 ol ils finantial instruments. Financial instruments are recognised in the ch8rity's balance sheet when the charity becomes party to the contr8clual provisions of the instrument. Financial assets and liabilities are offset, with the net arnounts presented in the financial statements, when Ihere Is a legally enforceable right to sel off the recognised arnounts and there is an Intention to settle on a net basis or lo ￿￿lise the asset and 5etUe the liability simultaneously. Basic financlal assgts Basic financial assets, which include debtors and cash and bank balat7ces. are initially measured transaction pri￿ inclLJding transaction costs and are subsequently carried at arnortised ¢ost using th8 effective irilerest method unless the arrangemellt constitutes a financing transaction. where the tran5actK)n is measured 3t the present value of the future re￿ip1S dI5￿￿nted at a market rate of interest. Financial assets classified as r8e8ivable within one year are not amortised. Basic financial Ilabllltles 8asic financial liabilities. includlng creditor3 and bank loans are initialFy recognised at transaction price unless the arrangern8fit (x)nstilutes a financing transaction, where the debt instrument is measured at the p￿sent value of the future p8ym8nts discounted at a market rate of interest. Financial liabilities classified as payable thin one year are not arnortiS8d. Debt instruments a￿ subsequ8ntly rarried at amortised cost, using the effects.ve Inte￿$t rate method. Trade C￿lIOrS are obligations to pay for goods or services that have been acquired In the ordinary course of operations from suppli8rs. Arnount5 p8yab18 ar8 classif18d as current liabilities rf payrn8nt is du8 Wlthin orF8 year or less. If not. they are presented as non-cur￿n1 liabilities. Trade creditors are re¢ognised initially at tran58Ction pricg and subsÉqu8ntly m88sur8d at amortlS8d cost using th8 effactivè int8f&St method. Derecognltion of financial liabilities Financial liabilbties are de￿COgnISed when the charily s contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The Cost ol any unused holiday entit18ment is recognised in the perio¢J in which the ernployee's serVI￿S 8r8 reeewed. Teminatitsn benefits are recognised immediately as an expense when th8 charity Is demonstrably Gornmitted lo terminate the employmènt of an èmployee or to provide termination benefits. Crltlcal accounting estimates and judg•m•nts In the application of the charitys accounting policies, the trustees are r8quired to make ju(Sgements, estimates and assumptions atM)ul the ¢arying amount of as$et5 and liabilitie5 that are not readily apparent from other 50urce5. The e5tirnate5 and assoaaled assurnplions are based on historical experience and other factor5 that are considered to be relevant. A¢tual results may differ from these estimat8S. The estimates and und8dying assumptions are r8vi8wed on an ongoing basis. Revisions to accounting ests'mates are recognised in the period in which the eslimal8 is revised where the revision affects (￿lY that period, or in the period of the revision and future periods Whe￿ the revision aff￿ts both current and future periods. 10- SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donatlons and legacies Unrestrlcteil funds 2023 Unrestricted funds 2022 DonatlQn5 and grfts 2,198 7.988 Incom• from eharltabl• aetivitr8S Unrestricted Unrestricted funds fund$ 2023 2022 Transfers from 16 Catherine Street Fundraising 8reakaway R8nt N8w Horizon Christmas parties Our club income Other income 88,085 125,450 11,1501 20,114 13,550 22,753 13,985 325 774 1,199 1,903 801 1.533 129.024 160.298 Anaty¥i$ by fund Unrestricted funds 129,024 160.298 Income from Investments Unr8strlcted Unrestricted funds funds 2023 2022 Inlere8t receivable 5,947 1,492 SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expènditure on charitsble activities Unrèstricted Unrestrict•d funds lunds 2023 2022 Dlrèct costs Staff costs D8preciatlon and impaimient Core seNices Charity expense5 Insurance Motor exp8nses Grants given Chrislrnas partles 78.252 386 50,057 5,862 789 1.734 950 3.540 49,815 4,064 37.986 7.216 787 2.305 1,600 3,787 141.570 107,560 Share of support and governance costs Isve note 7} Governance 7,030 9.398 148,600 116,958 Analysis by fund Unrestricted funds 148,600 116,958 Support costs allocated to actlviti•s 2023 2022 Govemanee eosts 7,030 9.398 Analysed between: Un￿StrICted funds 7,030 9,398 2023 2022 Governance Costs compris•- Accountsncy Busines5 administration Bookkeeping 786 3.744 2,500 780 5.878 2,740 7.030 9,398 Trustegs Non8 of the trust88s lor any p8rson8 connected with them) rer*ived any r8mun8rabon or benefits from the charily during the year. 12 SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees The average monthly number of etnployee5 during the year was.. 2023 Number 2022 Numbèr 20 Employment costs 2023 2022 Wages and salaries 78.252 49.815 There were no employees whos8 annual rernuneration was more than £60,000. Rèmuneration of kgy management personnel The r8rnuneration of key managemenl personnel is as follow5. 10 Taxatlon The charity is exempt Irorn taxation on its activities because all its income Is applied lor charitable purposes. 11 Tangible fixeil assets F[x￿r¢S an ffttfjngs Motor vehlcles Total C05t At 1 January 2023 1,159 60,000 61,159 At 31 December 2023 1,159 60,000 61,159 DeprÈ¢latlon and impairment At 1 January 2023 Depreciation charged in the year 64 60,386 386 60,000 At 31 December 2023 450 80.000 60,450 Carrying amount At 31 December 2023 709 709 At 31 December 2022 1.095 1,095 13- SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Flx•d as$gt Investments Other Inve¥tments Co$¢ or valuation At 1 January 2023 & 31 De(xrnber 2023 190,500 Carrying amount Al 31 De￿mber 2023 190.500 At 31 December 2022 190.500 2023 2022 other investm8nls comprise.. Not85 Investments in subsidiari8S 17 190,500 190.500 13 Debtors 2023 2022 Amounts falling due wlthln onè yèar.. Amounts owed by subsidiary undertakings Other debtors Prepkyrnents and accrued income 1,812 42,505 20,542 2,973 4,785 63,047 14 Cr•dltors'. amounts falllng dua wlthin one year 2023 2022 Other taxal'on and so￿al Security Trade creditor5 Other ¢￿ditorS 751 14.126 1,788 4.727 1,332 7,170 16,665 SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Unrestricted funds The unreslriclecj funds of the charity comprise the unexpendecj balances of donations and grants which a not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for spe￿riC purpos8S. At 1 January 2023 In¢omSng r850urc85 Resources expended Transfers At31 Dècember 2023 General funds 562,725 137.169 1148,6001 551,294 Previous year.. At 1 January 2022 Incomln9 resources Resources expende(I Transfers Al31 December 2022 General funds 495,427 169.778 1116.9581 14.478 562,725 16 Related party transactlons There were no disclos8b￿ related party transactions during the year12022- rK)nel. 17 Subsidlarles These financial statèments are separate charity financial statomants for South Wilts MgllC8P. Details of the charity's subsidiar*s at 31 December 2023 are a5 follows". Name of undertaking Reglstered offic• Nature of buslness Class of % Held shares h•ld Dlrect Indirect 16 Cathenne Streel Ltd United Kingdom Charity Shop OrdinaryA 100.00 15