Charlty reglstrdtlon number 1112202 (England and Wales) Company Registrntion No. 05585404 SOUTH WILTS MENCAP ANNUAL REPORT AND UNAUDtTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SOUTH WILTS MENCAP LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Beddow Mr R C L Clifford Mrs L F Lane MrsPHTReis MrA Vlfjlliams Ms C M Feest Secretary MrA vthifiams Charlty number (England and Wales) 1112202 Company number 05585404 Reglstered office 16 Catherine Street Salisbury Wittshire SP12DA Independent examlner Moore (South) LLP 33 The ClarerKlon Centre Salisbury Business Park Dairy Meadow Lane Salisbury VltShIre SP12TJ
SOUTH WILTS MENCAP CONTENTS Page Trustees. report IndepeThYent examinerfs report Slatement of financial acts"vthes Balan sheet Notes to the financial statements 8-15
SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial slatements for the year ended 31 December 2024. The financial statements have been prepared In accordance wth the accounting policies sel out in nole 1 to the financial stalements and comply wilh the charty's articles of associalion, the Companies Act 2006 and "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to chanlies preparing their accounts in accordance with Ihe Financial ReKN)rting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ObJectlve$ and actfvlt The charity's objects are". The relief of people a leaming disabilty in South Wttshire in particular by the provision of help and support for them and for their families. dependents and carers, and to Pfevent learning disabilities for the public benefiL To provide or asSi5t in the provision of facilrties for Ihe recreation or other leisure time occupatioii for people who have need thereof by reason of leaming disabilty (LD) wrth the object of improving their conditions of life. Despite being a relatively small charity, South Wilts Mencap roubnely supports around 150 people wilh leaming disabilitie5 (LDI across the whole age range and thr families. Our services Include.. running a small travel business. Breakaway, prowding annual holidays with carers for our LD Commty. and a theatre trip, providing clubs and actsvrties on average four b'mes a week throughout the year: holding monthty discos and a number of larger events: providing 5UPPOrt and services for families and carers. South Wifts Mencap has around 70 staff including volunteers. sixleen etnployees are on the payroll and include the Operation5 Manager. casual w)rkers and individual contractors all YrkIng ihroLKJhoLrt the year. Piiblic benefit The trustees have paKI due fegard to guidance issued by the Chanty Commission in deading ¥that acbvities the charity should undertake.
SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perforniance Signffjicant activpties and aclpievements against obJe¢iives The main improvement for 2024 was the establishment, finalty, of our 2Ck30 club, '20's Plenty. which alleviated the pressure on Our Club and provides a slructured move Into young adult wortd for those vtho needed to move on. In addrtion to a packed sociali2ation programme of bovAing, thealre vrsits and meals oul. the club introduced an Independent Living Skills programme which enabled the club Members to plan arKI run a highly success[ Chrislmas paty, Our Club and New Honzon Club are both flourishing. Dolphins conts.nues to attract all age groups abilities to Ihe swimming pool and the Disco remains an uTrmissable date in everyone's social calendar! Music Group continues lo attract new members and remains a finn favourite vth our PMLD community. They relocated into the Salisbury Methodist Church which has proved to be a great success and was the venue for wonderful musical shows. the Wzard of Oz and a rousing Christmas Concert. From Bognor lo Blackpool and Disneyland to the Nopwegian Fjords. Breakaway wntinues to thrive and provHJed the usual selection of wonderful holidays and day trips including to the theatre. spa vistts and boat trips. Our collaboration with Celebrate Voice continued wyth Ihe summer workshops. including a magniftcert operatic perfomiance at Little Durnford Manor. and the Salisbury Music Festival in the Guildhall. Our programme of 'fiagship events, is proving very popular wth both our members and 'Friends' of the Society. Christmas Lunches now run over two days. the New-year party is rlow settled in its new horne in the Guildhall, the summer BBQ remains a finn favounte and our secorMI Fun Run butll on Ihe success of the first. Financlal revlew 2024 has been a demanding year with the general uncertainty arOUr potential rises and benefit cuts taking its toll on many businesses in Salisbury Atthough footfall in the city has compared favourabty wilh Ihe national average. there has been a decline in spending noled in many sectors. Shop income from 16 Catherine Street held up really well considenng the background of the economy. but did show a decline from June 2024 onwards. Even so shop sales of £128.150 are a 15¥0 increase from pre cowd Vels. although down from Ihe 2023 totsl of £139.007. That being said the shop and flat5 contsnued to contnbute very well with £116.400 of income In 2024 compared to £102.070 in 2023. We are graleful for Ihe ongoing generosity of the shop volunteers who run Ihe shop that make this possible. Donations and interest received have increased in 2024. Vvhen this is put together with income from the shop it means The Society has benefited from an additional £19.904 of Come compared to 2023 (exduding club income). Our expendilure this year reflect5 our increased commitment to expand our offenng. for example. with £6.583 spend on the new club 20's Plenty arKI an additional £8.765 support over 2023 to Breakaway Therefore. the Souety increased overall spending on chanlable actiwties to £172:680 In 2024 from £148,600 in 2023. The increased income from the shop and donations in 2024 ¢overed the majorty of expendit(Ke. but we do have net defiat in the year of £4,789 (compared to £11.431 in 2023. The Society remains in a slrorvJ financial posilion to weather any further potential Lfyncertaints'es in 2025 with £350,359 (2023 £362,470) in bank assets at Ihe year end. As we move forward into 2025 the Society continues to maintain a balance betsn income generation and prudent spending bLrt is still very relianl upon the income generated by the shop. We do expect the shop lo elntain in¢ome levels and have budgeted lo receive £130.000 in 2025. after allowing for mmr repairs and unexpected costs. Our reserves are healthy and provKle us with a bLrfler in the event of unexpected costs or a reduction in income. The Society continue5 to earmark £60.000 (as a sustainably lundl and has also earmarked a fijrther £60.000 for the fure replacement of the minibus, lCh. athough fulty depreciated in the accounts ntInueS to work well and is not anticipated to be replaced in the next year or so.
SOUTH WILTS MENCAP TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2024 Reserves policy It is Ihe policy of the charity that unrestncted funds which have rKJt been designated lor a specific use should be maintained al a level equivalent to beeen three and six monlh's expenditure. The trustees corssiders that reserves at thi5 level will ensure that. in the event of a significant drop in funding. they 11 be able to conlinue the Charity's CLsrrenl activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughout the year. Major risks The trustees have a duty to identify the risks to which the charity is exposed and to erwre Ihat appropriate controls are in place to provide reasonable assuran againsl fraud and eOr. The charity regularly reviews its procedures to minimise such risk to ils assets and income and to ensure thal vthere risks are identified procedures are In place to alleviate them as far as possible. For the major nsks Identified. the trustees have put in place aFvropriate measures to manage those risks. Structure, governance and management The charity is a company limrted by guarantee_ None of the trustees has any beneficial intere51 in the company. All of the Iruslees are members of the company and guarantee lo wnlribute £1 in the event of a ynding up. The chanty is an incorForated company limiled by guarantee. The Memorandum and Arttcles of Association were revised prior to our incorporation in October 2006. The truslees. who are also the d1ClOr$ lor the purpose of company law. and vtho served during the year and up to the date of signature ol the financial slaternents were Mr N AAfford Mrs J Beddow Mr R C L Clifford Mr5 K S Gallagher Mrs L F Lane MrsPHTReis MrA Wlliams Ms C M Feest (Resigned 5 April 2024) (Resigned 5 April 2024)
SOUTH WILTS MENCAP TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recwitfflent and appoin1nt of twstees Membership of the company l charity is open to any¢rE who Suppo the principle of enriching the Iwes of our client group of local people with a LD (see Article 4). The Executive Commrttee of directors consists of no less than 4 and nomially no more than 12 directors. They are required to meet regularly and in fact meet on the second Tuesday of every monlh. There must be, and is. a Chair, a Vice Chair. a Treasurer I Company Se¢retsry and other directors elecled by Ihe membership al the Annual General Meeling (AGMI.At each AGM the Executive Committee retires but may be r&elected. No person may be appointed to the Executive Committee excepl by Ihe above procedure at the AGM. New trustees are recwited through advertising and personal contact. The Chair has prime responsibility for the qualty and excellence of all tasks and activities undertaken. In addition, the non*xeculive President occasionally attends rnonthly meetings. maintains oversight of the Society's activity and presides at theAGM. The trustees mel eleven times during the year to conduct the charivs business and the AGM was held on 21 April 2023. Vthilst the ExecutFve Committee sets policy and procedures. allocates lunds and monitors performance the day-to-day rnanagemenl ol individual activities is vesled tseeen the Services Coordinator and Breakaway Manager under the aegis of the Operab'ons Committee. The trustees ol Soulh IMIts Mencap work dosely wth Ihe directors of ils Irading subsidiary. 16 Calhenne Slreel Limited, to ensure alignmenl of govemance and management of Ihe two organisations. Respective chairs sit on each oth board ol managemenl. ees, re proved by the Board of Trustees. Mr R C L Cl:'fford truste• Date: ..
SOUTH WILTS MENCAP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH WILTS MENCAP I report to the trustees on my examination of the financial statements of South Wlts Mencap (the charity) for the year ended 31 December 2024. Responsibilitie5 and basis of report As the trustees of the chanty (and also its directo for the purposes of company law). you a responsible for Ihe preparation of the financial statements in accordance Vth the requirements of the Companies Act 2006. Having satisfied myself that the ffinancial statements of the charity are not required lo be audtt&J under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect ol my examination of the charity's fina131 statements carried out under section 145 of the Charities Act 2011. In carrwng out my examinatton I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011, Independent examine¢s statement I have completed my examination. I confirni that rKJ matters have come to my attention in connection with the exarninaln giving me Cause to believe Ihat in any material respect. accounting records were not kept in respect of the chanty as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records" or the financial statements do not comply wrth the accounting requirements of secbon 396 of the Companies Act 2006 other than any requirement Ihat the financial statements give a tnje and fair view. N%ttich is ncl a matter considered as part of an independent examination.- or the financial statements have not been prepared in accordance wilh the methods arKI prinoples of the Statement of Recommended Praclice for accounting and reporting by charities applicable to charities preparing their finanaal statements in accordance wilh the Financial Reporting Standard applicable in the UK and blic of I land (FRS 102). ms nin nd have come across no other matters in connection with the examination to which allention is report in order to enable a proper urKlerstsrKling of the financial statements to be reached. edr bert ac ald FCCA Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Oairy Meadow Lane Salisbury Willshire SP12TJ Dated..
SOUTH WILTS MENCAP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Unrestrlcted funds funds 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 5.094 154.172 8,625 2,198 129.024 5,947 Total Income 167,891 137,169 Expendfture on.. Charitable acliviknes 172.679 148,600 Total expendlture 172.679 14B.600 Net expenditure and movement in funds (4.788) (11,431> Reconclllatlon ol lunds: Fur balances at 1 January 2024 "551.294 582.725 Fund balances at 31 December 2024 $46.506 551.294 The statement of financial activth'es includes all gains and losses recognised in the year. All irDMe and expenditure derive frorn continuing activities.
SOUTH WILTS MENCAP BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Investrnents 12 13 322 190.500 709 190,500 190.822 191.209 Current assets Debtors Cash at bank and in hand 14 8.706 350.359 4.785 362.470 359,Cfi5 367,255 Creditors: amounts falling due wfthln one year 15 (3.381) (7,170) Net current assets 355.684 360.085 Total auets less current liabilities 546.5C6 551.294 The funds of the charity Unreslricled funds 16 546.5 551.294 546.5C6 551,294 The company is entrtled to the exemptton from the audrt requirement contained in section 477 of the Companies Act 2006, lor the year ended 31 December 2024. The (f1Clor5 acknovAedge their responsibilits'es fof coMpng wlh the requÉrements of the Companies Act 2006 with respect to accounting records and the preparation of financial ststemenls. The members have not required the company to oblain an audrt of rts financial stalements for the year in queslion in accordance with secti¢)n 476. These financial statements have been prepared in accordance with the prowsions applicable to cornpanies subject tolhes 11 companies regime. fina ts We approved by the trustees on .. Mr R C L Clifford trustee Company re9lStration number 0558541)4 (EnglarKI and Wdles)
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charlty Infomiation South Wilts Mencap is a pnvate company limrted by guarantee incorporated in England and Wales. The registered office is 16 Catherine Street, Salisbury. Wltshire. SP12DA. 1.1 Accountlng convention The finanual statements have been prepared in accordance Yth the chanty's goveming document. Ihe Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Pra¢ti¢e applicable to charities prepanng their accounts In accordan with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advanlage of the provisions in the SORP for charFti'es nol to prepare a stat¥nent of cash ftows. The financial statements are prepared in sterfing. whth is the funclional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial Statements have been prepared under the historical cosl convention. modified to incknde certain financial Inslwments at fair value. The principal accounting policies adopted are sel out below. 1.2 Golng concern At the lime of approving the financial 5talemen15, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence lor the foreseeable future. Thus the truslees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unre51ricted funds are available for use at the discretion of the trustees in furtherance of their charitable ¢bieclives. Restred funds are subject to specffic conditions by dorr$ or grantors as lo how they may be used. The purpose5 and uses of the restricted lunds are set out in the tK)tes to the finala1 statements. 1.4 Incoming resources Income is recognised when the charity is legalty entitled to il after any performance condttions have been met. the amounts Can be measured reliabty. and it is probable that income will be received. Cash donations are recognised on receipt. Other donatrons are recognised once the charity has been notified of Ihe donation. unless performance conditions require deferral of Ihe amount, Incorne tax recoverable in relation to donations feceNed under Gift or deeds of ¢ovenant is recognised at the lime of the donab"on. Legacies are recognised on receipt or otherwtse rf the charity has been notified of an impending distribution: the amount is known. and receipt is expected. If the amount 15 not known. the legacy Is treated as contingent asset.
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies Icontinued) 1.5 Resources expended Expenditure is recognised once there is a leg?1 or conslrvctive obfigalion to Iransfer economic benefit to third paty. it is probable thal a transfer of economic benefits will be required in settlemenl. and the amaunt of the obligation can be measured reliably. Expenditure is classffied by actwty. The costs of each athvity are made up of the tot31 of dIt COSt5 and shared costs: including support costs Involved in undertaking each aclpity- Direct costs attnbutable to a single activity are allocated directly lo that actrvty. Shared costs lch contribule to more than one acbvity and supporl cosls which are not attribulable to a single activity are apportioned betsveen Ihose activities on a basis consistent with the use of reSoUrs. Central staff costs are allocated on the basis of bme spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised once there is a legal or constructtve obligation to make a paymenl to a thiro party. rt is probable that settlement wll be required and the amount ol the ObligalM can be measured reliatAy. Expenditure is dassified under the following activty headings Expenditure on chantable activities. which includes Ihe costs of all activities undertaken to further the Purpose of the charty and their associaled support costs. Support costs are those functions that assisl the work of Ihe charity but do not directlv undertake charitable activitie5. Support cosls include office costs. finance costs and govemance costs which support the charit$ programme of acbvthes. 1.6 Tangible fixed assets Tangible fixed assets are inrtially measured at cosl and subsequently measured at'cost or valuation. net of depreciation and any impairment losses. Deprectation is recognised SD as to write off Ihe cost or valuation of assels less their res'dual values over their useful lives on the followin9 bases. Fixtures and fittings Motor vehicles 3 years 5 years The gain or loss arisiThJ on the disposal of an asset is detemined as the difference between the *le proceeds and the carrying value of the asset. and is recognised in the statement of financial activrties. 1.7 Fixed asset investments Fixed asset investments are inth.alty measured at 1ransath.on pnce excluding transaclion costs. and are subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in nel incomel(expenditure) for Ihe year. Tran5aclion c05t5 are expensed as incurred. A subsidiary is an entty controlled by the charity. Control is the power to govem the fin•n¢ial and op¢rating policies of Ihe entity so as to obtain benefits from rts activities. 1.8 Impalrment ol flxed assets Al each reporting end date. the charsty reviews Ihe carying amounts of tts tangible assets to detemiine whether there is any iThJication that those assets have suffered an impairment loss. If any such indration e$1$. Ihe recoverable amount of Ihe asset is eslimaled in order to delemine the exlenl of the impairment loss (rf any). 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held al call wilh banks. other short•term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liatslities.
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Contlnuod) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 'Olher Finan¢i81 Instruments Issues. of FRS 102 to all of its finanaal Instruments. Financial instruments are recognised In Ihe charitys balance sheet when ihe charity becomes party to the contractual prowsTons of the instrumenl. Financial assets and liabilitses are offset. wrth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intenb'on to setlle on a net basis or to reali5e the asset and settle the liability simullaneousty. Baslc flnanclal assets Basic financial assets. w.Ch indude debtors arKI cash and bank balances, are initialty measured at transaction price including transaction costs and are subsequently carried at amortised cost using Ihe effective Interest method unless the arrangemenl conslilules a finanung transaction. where the transaction is measured at the present value of the future feceipt5 discounted at a fftarkel rate of interest. Financial assets classified as recervable within one year are not amortised. Baslc flnanclaj Ilabilitles Basic financial liabilities. induding creditors and bank loans are initially recognised at transactlon price unless the arrangement conslilutes a financing transaction. where the debt instrument Is measured at the present value of the future paymenls discounted al a market rate of interest Financial liabiirties classffied as payable within one year are not amotts"sed. Debt instruments are subsequenty carried al amorlised cost, using effe¢tp4e interesl rate meltrh)d. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinwy course of operalions from suppliers. Amounts payable are dassified as cuffent liabilities if payment Is due within one year or le55. If not, they are presented as non-current liabilities. Trade creditors are recognised inilially al transaCtn pnce and subsequendy measured at amortised cosl using the effectsve Interest method. Der•cognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligatn5 expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday enb"tlemenl is COgnised in the periixl in which the employee's serwces are received. Termifwiion benefils are recognised immediately as an exper when the chanty is demonstrably committed lo lerminate the employment of an employee or to provide temiination benefits. Crltlcal accountlng ¢stlmates and Judgements In the application of the chanty'5 accountsng policies. the trustees are required to make judgements. estimates and atisumptions about the carryng amount of assets and liabilities thal are not readily apparent from other sources. The estimates and asswaled assumptions are based on historical expenence and other factors that are considered lo be relevant. Aclual results may differ from these estimates. The e5tirnates and underlying a55umptions are reviewed on an ongoing basis. Revisions lo accourbling estimates are recognised in the penod In which the estimale is revised where the revision affects cnly that petiod. or in the period of the revision and fulure periods where the revi%on affects both current and future periods. 10-
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legaclo$ Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 5.094 2.198 Income from charltable actlvllles Unre8trl¢ted Unrestricted funds funds 2024 2023 Tiansfets from 16 Catherine Slreel Breakaway Rent New Horizon Christmas parties Our Club Income Qlher income 102.248 30.564 14.152 256 623 1,744 4.585 88,085 22.753 13.985 325 774 1,199 1,903 154.172 129,024 Analysls by fund Unrestricted fvnds 154.172 129,024 Income from Investments Unreslrlcted Unrestricted fund5 funds 2024 2023 Interest receivable 8.625 5,947 11
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charltable actfvitles Unrestrlcled Unrnstrlcted funds funds 2024 2023 Dlrect costs Staff Gos15 Depreciation and impaimient Core SeTvices Charity Expenses Insurance Motor Expenses Grants Given Christmas Pafbes 86,452 78,252 63.415 5,488 325 3,044 1,500 3,940 50.057 5,862 789 1,734 950 3,540 164,550 141,570 Share of support and governance costs {see note 7) Govemance 8.129 7,030 172,679 148,600 Anatysis by fund Unreslricted funds 172.679 148,600 Support cost8 allocated to actlvltles 2024 2023 Governance costs 8.129 7,030 Analysed between: Unrestricted funds 8.129 7.030 2024 2023 Governance costs comprlse: Accountancy Business administration Bookkeeping 792 5.177 2,160 3,744 2,500 8.129 7,030 12-
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement In funds 2024 2023 The net movement in funds is stated after charginty{crediting). Fees payable for the independent examination of the charity's financial statements Depre¢iakn'on of owned tangible fixed assets 386 386 TTU$tees None of the Iru5tees lor any persons connecled wilh Ihem) received any femuneralion or benefits from tre chanty dunng the year. 10 Employee5 The average monthty number of employees during the year was: 2024 Number 2023 Number 21 20 Employment costs 2024 2023 Wages and salaries 86.452 78.252 There were no employees Ose annual remuneration was more than £60.000. Remuneration of key management personnel The iernuneration of key management personnel was as follows: 11 Taxation The charity is exempt from taxation on its activit$ because all ils income 1$ •pplied for charitablè purposes. 13-
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tanglble flxed assets Fixlures and flttlngs Ilotor v•hicl•s Totsl Cost At 1 January 2024 1.159 60.000 61.159 At 31 December 2024 1,159 60.000 61,159 Depreciation and impairment At 1 JanLsary 2024 Depreciatton charged in Ihe year 451 60.000 60,451 386 At 31 December 2024 837 60.000 60.837 Carrylng amount Al 31 December 2024 322 322 At 31 December 2023 709 709 13 Flxed asset investments other Inveslfflents Cost or valuation At 1 January 2024 & 31 December 2024 190.500 Carrying amount Al 31 December 2024 190.500 At 31 December 2023 190.500 2024 2023 Olher investments comprise.. Notes Investments in subsidiafies 18 190.500 190.500 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Arnounts owed by 5ub5idiary undertakings Prepayments and accrued income 461 5.527 2,718 1,812 2.973 8.706 4,785 14-
SOUTH WILTS MENCAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Credltors". amounts falllng due wlthln one year 2024 2023 Other taxation and social 5eGurty Trade credÉtors Other credilors 1,284 589 1,508 1.111 4.727 1.332 3.381 7.170 16 Unrestrl¢ted lunds The unrestricled funds ol the charity comprise the unexpended balances of donations and grants thich are not subiecl to specific condibons by donors and granlors as to how they may be used. These include designated fund5 whtch have been set aside out of unrestricted funds by the trustees for 5peGific purpose5. At 1 January 2024 Incomlng TesourGe5 Resources oxpended At31 December 2024 General funds 551,294 167.891 (172,679) 546.506 Prevlous year". At 1 January 2023 Incomlng resourGe5 Resources expended At31 December 2023 General funds 562.725 137.169 (148.600) 551,294 17 Related party transactions There were no disdosable related paty transactions during the year (2023 - none)- 18 Subgldlarfes These financial statements are separate chanty financial statements for South Wtts Mencap. Delails of the charity's subsidiaiies al 31 December 2024 are as follows: Name of undertaking Registered office Nature of business Class of °A Held shares hold Dlrect Indlrect 16 Catherine Street Ltd Unrted Kingdom Charity Shop Ordinary A 100.00 15-