Charity Registration No. 1117888 Company Reglstratlon No. 05984331 (England and Wale8) ORWELL MENCAP la company Ilmltod by guarantq•> FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ORWELL MENCAP CONTENTS Page No. Reference and adminislratNe details Trusl88s' rewt Indèpendent audltorfs report 8-10 Statement of financial ￿tl￿tieS 11 Balance sheet 12 Statement of cash flows 13 Notes to the accounts 14-32 ORWELL MENCAP REFERENCE AND ADMINISTRATIVE DEfAILS Year ended 31 March 2023 Namo: Otwell Mencap (also operates under working narng5 of Genesis, Green Bike Projgd, Stars and Buddies) Legal structure: Orwell Mencap is a ¢￿￿panY limited by guarantee in the United Kingdom. company number 05984331, incorpoTated 31 October 2006 and registered as ? charty on 8 February 2007. charity number 1117888. Trustees: B England J Knell C Kynaston Scrogie K Parr J Stevens E Franks J Dickson {resigned 23￿ May 2022) (resigned 14° July 2022) Chlef executlve: RHart Principal address & 6 Wright Road reglstered offlce: Ipswich IP3 9JG Auditors: Ensors Accountants LLP Connexions 159 Princes st￿et IpSW￿h IP1 1QJ Banker6: Barckgys Bank plc 1 Princes Street Ipswich IP11PB Ipswich BuildirKJ Scciety PO Box 547 Ip$w￿h IP3 9WZ Sollcltors: Ashton5 Lggal Portman House 120 Piinces Street Ipswich IP1 1RS ORWELL MENCAP TRUSTEES. REPORT Year ended 31 March 2023 The Trustegs present their report and accounts for the year enéed 31 March 2023. The ac￿uftts have been prepared in &cc developed a thre& year break even projection that was agreed ty the Trustee board to relum the charity to a surplus posit￿n. It is based over three years 10 give the SLT tinE to implement refurbishment works to the premises as well as make the service attracaive for the ngw and existing Staff lo help wi(h retention levels. POUCIES Ro8erv The Trustees are committed to maintaining a sufficient level of reserves to ensure that all contractual and Statutory liabilitEs can be s*i$fied and the business is viable in the long lem. Al the yearend the Charity held funds an￿￿nting to £869.922, of which £142,611 were restriGled. The Trustees considered that our conlingencies funding needed lo be restructured lo better suit the needs of the Charity. The designated 'PriJpety fund, sd at £100,000 is now not reqLsired as the lease extension is confimHI. 11 is suggested that an amount of £20,000 is retained in this fund to allow for the extension of a lease due in 2028. A new equipmentfund has been set up with £150,000 lo allow for replacement of identrfied Projects and improvements to the facilty. This is to cover replacement minibuses. upgrades and improveff*nls. These have been alIC￿ted in the 3 year breakeven plan. The contingency fund to cover activity in the event of1088 of funtling has been reduced lo a rrKJre reali5ttc amountlo cover activity for a period of 3 months. These reservès have been reduced by £150.OCK) to allow for the equipment fund. The Property fund saving will be added to the general fund lo allow for d9r￿({S for￿aSt over the three year period to breakeven point. ORWELL MENCAP TRUSTEES, REPORT Icontlnued) Year ended 31 March 2023 Investmgnts Trustees have tasked SLTwith ensuring the funds of Gene$i$ are working as eff￿lIve￿ as possiblg to provide retums on the of ￿serVeS the Charity P)sses3. RISK MANAGEMENT During the year the Iruslees delegated the Manage￿ent of risks to the CEO. Thg principal risks ldentff￿d durfng the year and the control procedures used to mitigate against those risks were.. Contr&t risk from Sufft)Ik County Council- monilor numbers of SCC customers and changes in SCC funding regime. Compgtition from other providers- incre88e marketing and maintaln competitiveness. Recruitmént iS$Ug$ -inGreased use of sc¢ral media and financial incentNes Anatysing barriers to being able to increase customer numbers IT Infrastructure- consider DCSR implgmenlats'on by Ma￿h 2024 Deficit- Implement a three year plan lo return lo surplus. This ￿11 Comprise of identifying s8￿ng$, increasing cuslomerand staff numbets to meet demand. review all business units lo ensureall remain competitive and contribute to the benefft of the Charty activities. STRATEGIC GOALS 1. Focus on Care 2. Balance the Budget 3. Increase customer numbers 4. ImPr¢￿e facilities 5. Invest in staff 6. Invest in training THE FUTURE AND GOING CONCERN At present il is expected that the 2023124 finance5 will show an agreed def￿11 of £160,000. The deficit 18 increasing due to the need to invest in the Charity's operations and seNices. A full audit review of Genesis, services and customers was conducted by SLT to identrfy which servi¢gs were opgraling effIC￿nIty and cost effectively and which services needed restructuring. On completion of thi$ review the SLT develcped a fulty costed and projected three year plan lo relum the charty to breakev8n and even a surplus. This consists of expanding services which provide value for money and restructuring of services wh￿h fall short ofthe required lev81. This will take time and actions lo implement so the deficit is not going to be efadi¢ated in a 12 month period. Trustees approved the plan and have alk)cated enough unrestricted funds to mget the reducing def￿￿( over the three year period. Once completed Genesis Orwell Mencap will be in a posf(ion to meet the requirements of thgir customer's needs with services that are suitable for the changing dynamic of disability services. PAY POLICY FOR SENIOR STAFF The directors consider the Executs've Committee, who are the charty's trustees, and the senlor l&adership team comprise the key management personnel of the charty in charge of directing and Gontrolling, running and operating the charty on a day to day basis. All the trustees give of their limg freety and no trustees recetved remuneration in the year. Details of Iruslees, expense$ and related party Iransaclions are discbsed in note5 6 and 19 to the accounts. The pay of senlor staff 1$ set by the Tru$te&$. ORWELL MENCAP TRUSTEES, REPORT (Contlnued) Year endèd 31 March 2023 TANGIBLE FIXED ASSETS Movanents in fixed assets during the ygar are sel out in note 9 to the accounts. FUNDRAISING The charity has made several applications for grants l)etsvgen 2022 and 2023 and eustomers have benefrtted greatly from use of those funés as Genesis have improved the facilities and customer ¢)ffering. The charity does not use third parties to r#i8e fund$ on our behaw and we have not receNed any complaints regarding frjndraising. STATEMENf OF TRUSTEES, RESPONSIBIUTIES The Trustees are resp)nsible for preparing the Truslee5' Report and the financial ststernenl$ in 8¢¢ordarte wrth applicable law and Un(ted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial year whith give a true and fair view of Ihg State of affairs of the Charity and the incoming resources and application of r&sources, including the income and expgnditure, for the penod. In preparing these financial statements. the Trustees a￿ requi￿ to.. Select suilatle accounting policies and then appty them consistently.. Observe the ff￿th0ds and principles in the Charities SORP., K4ake judgements and estimates that are reasonable and prudent- and Prepare the financial ststemenl$ on the going eoneem b89is unless rt is inappropriate lo presume that the Charty will continue in cw8tion. The Trustees are responsible for keeping proper accounting records that disclose with reasonabEe accuracy al any time the financial position of the Chanty and enable them lo ensure that the financial slatemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence fortaking rea80nable Steps for the prevention arKI detection of fTaud and ¢)ther 11regu￿ritieS. DISCLOSURE OF INFORMATION TO AUDITORS Each of the Trustees has C￿nf1M)ed that there is no information of which they are aware whi¢h 1$ relevant to the audiL but of which the auditor is unaware. They have further confimied Ihat they have taken appropriate steps to identify such relevant information and lo establish that the Charity's audrtots are aware of such infomi8tion. AUDITORS A re¥olulh)n proposlng that Ensors be reappointed as auditors of the Charty will be put to the mernbers. This reF4)rt has b*n prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small Gompanies. On behalf of the Trustees Jill Knell Chair 30 10. 2023 ORWELL MENCAP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORWELL MENCAP For the year ended 31 March 2023 Opinion We have auditgd the financial statgmgnts of Orwell Mencap Ilhe 'charitab￿ ¢¢TrTrany') for the year ended 31 March 2023 which comprise the Statement of Financial Activitres, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financi81 reporting framework that has been applkgd in their prep8ratK)n is applicable law and United Kingdcffl Accounting Standards. including Fir￿nCIal Reporting Standard 102 Th8 Financial Repothng Stand8tLI applicable in Ihe UK and Republic of Irgland {Unrted Kirgdom Generally Accfjptsd Accounting Practicfj). In our opIn￿n the financial slalements.. gwe a true and fair view of the 8tate of the charitable compary's affairs as at 31 March 2023 and of its incoming resources and applic*ion of resouros, including it$ Incor￿ and expenditure. fortheyear then ended,. have been prop8dy prepared in accordance Nwth United Kingdom Generally Accepted Accounting Practice,. and have been prepared In accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in acLordance with International Standards on Auditing IUK) IISA8 (UK)) and appI￿able L8w. Our responsibilities underthose standard8 are further described in theAuditorfs responsibilities for the audit of the finarbcial statement5 section of our report. We are independent of the charilable company in accordance wf(h the ethical requirements that are relevant lo our audrt oftho financial 3tatgments in the UK, including the FRC'S Ethical Standard, and we have fu]filled our other ethul responsibilrties in accordanee w￿h these requirements. We believe that the audit evidence we have ci>tained is sufficient and appropriate to provide a basis for our opinion. Concluslons rolatlng to golng concern In audf(ing the financial statements, we have concluded that the trustees. use of the going concern basis of a¢￿￿nting in the prgpaiation of the financial sL*ements is appropriate. Based on the work we have performed, we have not identifEd any material uncertaintEs relating lo events or conditions that indivklually or collectively. may cast significant doubt on the charty's ability to continue as a going concern for a period of at lea$1 h¥elvg rronths from when the financial statements are authorised for issue. Our responsibilTties and the responsibilities of the trustees with respect to going concem are described in the relevant 5ection5 of this report. Other Infomiatlon The othor information Gomprises the information inclLKled in the annual report. other than the financial $tatements and our audrtorfs report Ihereon. The trustees are ￿Sponsible forthe other infomation. Ouropinion on the financial slalemenls does not cover the other information and, except lo the extent otherwise explieitly stated in our report, we (kn not expre88 any fom of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information 15 materially inconsistenl with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we idenlfy such material inconsistencies or apparent material misstatements, we are required to delemine whether there is a material misstatement in the financial statements or a material mis8talement of the other infomation. If. based on the work we have performed, we conclude that there is a molerial mis$tslement of thi$ other infO￿atIon. we are wuired to report that fact. We have nothing to report in thi8 regard. Oplnlons on other matters prescrlbed by thg Companl8s Act 2006 In our opinion, based on the work undertaken in the course of our audit- the infomialion given in the Trustees, Report for the financial year for wh￿h the financial Statements are prepared is consistent with the financial ststements,. and the Trustees, Report has been prepared in accordance with applicable legal requirements. ORWELL MENCAP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORWELL MENCAP (Contlnued) For the year ended 31 March 2023 Matters on whlch we are requlred to report by exceptlon In the light of the knOW￿ge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identffied material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation lo which the Companies Act 20C6 quire8 US to report to you rf. in our epinion.. adequate accounting records have not been kepL or retums adequate for our audit have r￿1 been received from branthes not visited by us,. or the financHI statements are not in agreement with the accwnling records and returns.. or certain disclosures of tnJstees' remuneration specffied by law are not made.. or we have not reeeived all the informatKJn and explanations we require for our audf(', or the Iruslees were not entitled to prepare the financial statements in aCCordar￿e with the small companies regime and tske advantage of the small companies, exemption8 in preparing the trustee8' report and from the requirement to prepare a Strategic report. Responslbllltles of Trustges As explained more fulty in the Statement of Trustees, Responsibilities. the Trustees, a￿ responsible for the preparation of the financial statements and for being s8tisfied that they gNe a true and fair wew, and for Such inlemal control as the Trustees delemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. the Twslees are wponsible for assessing the charitable company'5 ability to continuè as a going concem. disclosing, as applicable, matters related to going concern and using the going concem basis of accountsng unless the Trustees either intend to liqu*Jale the chafitable company or lo cease cperalions. or have no realistic akernative bLrt lo do so. Auditor's r#$pon$ibilitiès for th• audit of th9 fin•n¢ial $tstgrnents Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi8St8temenl. whether due to fraud or error, and to 185ue an auditorfs report that includes our opinion. Reasonab￿ assurance is a high ￿Ve1 of assurance, bLrt is not a guarantee that an audit ¢onducted in accordance with ISAS IUKI will a￿VayS detect a material misst*oment when il exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected lo influence the ecix)omic decisions of users tsken on the basis of these financial slalements. Irregulanties, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our resp)nsibilrties, outlined above, to detect mlerial misstatements in respect of Ir￿g￿larItIes, including fraud. The extent to whi¢h our pr¢￿edu￿9 a￿ ¢apable of detecting irwularilies, in¢luding fraud, is detailed bel¢)w'. Our audr( was designed to include tests of detail tcgether with an assessment of the control envlronmenl lo enable us lo obtain reasonable a5suranGg about whother the financial ststements are free from matsrial mis$talement due to fraud. In planning and designing our audrt prctedures we assessed the risks of malerial misstsl&nenl due lo fraud. Our assessment concluded that the areas of highest risk are nOn￿MplIan￿ with laws and regulations and managomenl override of controls. We obtsined an understandiro of the legal and regulatory frameworks that the charlty operate$ In through discussions with management, and from our commercial knowledge and experience of the sector in which the charity operates. This enabled us to identify the key laws and regulations applicable to the charity. We focvssed on specific laws and regulations which we considered may have a direct impact on the financial statements including safeguarding. the Companies Act 2006, taxation legislatitin. data protection and employment laws. To addre88 the risk of fraud we perfomied the following audit procedure8: Thorough review of journal entries and other adjustments for apprcpriateness and evaluating the rationale of any transactions outside of the normal course of busine58. ORWELL MENCAP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORWELL MENCAP IContlnued} For the year ended 31 March 2023 Assessment of key accounting &stimates within the financial ststements in order to as8es8 their reasonableness and detemine whethèr there 18 any bias in management's estimates. All team members were infomied of the relevant laws and regulations and potential fraud risks at the planning stage and reminded lo Temain alert to any indications of traud or non-compliance. Enquiring of management whether there have been any alleged. $u$pe¢ted or a¢tual instan¢es of fraud during the year. Enquiring of management and those charged with govemance whether there have been any actual or potential litigation or claims. Revithving correspondence with relevantlggal aUthOrit￿S. Revlewlng legal expense accounts for any Ind￿[S of 1rtigat￿In or tL4ims. Th8re are, however, inherent limitations to our above audr( procedures. Material misslatemen18 that 8rise due lo fraud can be harder lo delecl than those that arise from error as they are likely to invoFve deliberate concealment or collusion. It is the primary responsibilty of management, wf(h the ovprsight of those charggd with govemance, to ensure that the entty's Operat￿￿5 are conductsd in accordance with the provisions of law3 and regulations and for the prevention and detection of fraud. A further description of our resportsibiliti88 for the audit of the financial $18lements is l¢X8led on the Financ￿1 Reporting Council's website al.. http-.IfvNM.frc.org.ukJaudrtoTsresponsibilities. This d8scription fomB part ot Qui auditorfs report. Use of our report This report is made ￿leFY to the charitable eompary's members, as a body, in ?￿rdance with Chapter 3 CO Part 16 of the Compan￿9 Act 20C6 and regulations made underthal Ad. Our audrtwork has bgen undgrtaken so that we M￿h1 state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty lo anyone other than th8 charitable wmpany and ib members a5 0 body. for our audit work, for this report. or for the opinions wg have fgmied. Helen Rum8ey FCA (Senior Stalulory Auditor) For and on bohalf of Ensors Aecourttanls LLP Connexions 159 Princes Street Ipswich IP1 1QJ Date.. 11th DÈcÈmbÈr 2023 10 ORWELL MENCAP STATEMENT OF FINANCIAL ACTIVITIES {Incorporatlng an Income and expendlture account) For the year ended 31 March 2023 Nots UnMtrictgd Rg$tri¢t•d 2023 Totsl 2022 Totsl Income from: Donations and le98cies Chw7tabb acth1￿$.. Day careldomiciliary care and associated charges Sales of goods made by benef￿lanes 8.288 120,724 129.012 213.429 1.448.547 1,448.547 1,179.330 121.462 121,462 131.807 Other trading actwities Fundraising Investments 17 17 282 1,617 1.617 585 Totsl Income 1.579.931 120,724 1.700,655 1.525 433 Expendlturo on: Raising funds.. Cost$ of generating donations and legacies Costs of generating fundraising income 22.717 22,717 21,938 16.457 16,457 15,986 Chantoble Act￿1￿3.. Day careldomiciliary care and associated charges Goods made by beneficiaries 1.425.611 64,646 1,490.2 1,272,327 256,701 3,020 259,722 251,185 Tolal 0x￿ndI￿r• 1.721,486 67.666 1789152 1,561,436 Net Incomdlexpendlture) Fund transfers 1141,555} 749 53,058 749 {88,497} (36,003) Net movement In fund8 {140,806) 52,309 {88,497) {36.003) Total funds brought forward 868117 958419 994,422 Total funds carrled forwa 727311 142.611 958419 Tho Statement of Financial ActNitie$ includes all gains and losses re￿gnised in the year. All income and exFendilure derNes from continuing activities. The Statement of Financial Actmlies also complies with the requirements for an inG¢Th and 8xpenditure account under the C¢Jmpanies Act 2006. The notes on pages 1410 32 form part of these fingncial statements ORWELL MENCAP BALANCE SHEEr As at 31 March 2023 2023 2022 Flxed a8s•ts Tangible 888ets 293.549 324.005 Currgnt ass9ts St￿K Debtors Cash at bank and in hand 10 11 39,124 169.575 551.828 760,527 25,656 227.585 546.045 799.286 Current liabilities Creditors.. amounts falling due within one year 12 NET CURRENT ASSErs 576.379 634.414 TOTAL ASSETS LESS CURRENT LIABILITIES 869,922 958,419 Funds Unrestricted general - desNJnal8d 13 13 264,311 463 000 727.311 325,117 868,117 RestrKted 14 142611 TOTAL FUNDS 869,922 958.419 These financial statements have beén prepared in •¢¢ordan¢o with the spo¢ial provisions of Part 15 of the Companiès Act 2006 relating to small companies. 30:1Q..:IOLI Approved by the Executive Committee on .. and signed on its behalf by J Knell B Englant Company reglstratlon no. 05984331 The notes on pages 14 to 32 fomi part of these financial statements. 12 ORWELL MENCAP STATEMENT OF CASH FLOWS For the year ended 31 March 2023 Noto 2023 2022 Cash flow from operatlng actlvltle8 16 43,866 {21,489> Cash flow from Invostlng •¢tfvltl•8 Interest income Purchase of tangible fixed assets Sale prcLeeds from dispos81 of langlble fixed assets 1.617 (41,1161 1,416 585 1111,914) {38.0831 1111,329) (Decrease) I Increas• in cash & ca$h wuivaleTrts in thg yoar 132 818 Cash & cash tyuiv•lonts at the beginning of the year Total cash & ¢a$h equivalents al the end of the year 551,828 546,045 13 ORWELL MENCAP NOTES TO THE ACCOUNTS For the year ended 31 March 2023 ACCOUNTING PQUCIES Charity infomiation Orwell Mencap is a company limited by guarantee incorporated in England and Wate5. The registered office is 6 Wright Road, Ipswich, IP3 9JG. The charity is a Public Benefit Entity as defined by FRS 102. Basis of accounting These accounts have been prep8red ￿r￿rthe historical cost convention and in accordance wlh FRS 102"The Financial Reporting Stsndard applicable in the UK and Republic of Ireland Accounting antj Reporting by Charities. the Statement of Recommended Practice for charities akwlying FRS 102. the Companie$ Act 2006 and UK Generally Accepted Accounting Practice. These accounts are denominated in pound sterling and are round8d to the nearest pound. Going concorn basls The accounts have been prepared on the going concern basis as the Trustees consider there to bg sufficient funding to ensure the Charty meets current liabilf(ie$ as they fall due and there are no material uncertainties warding the goirbg concem slalus of the ch8rily. Fund accountlng Unrestricted funds are available for use al the discrelton of the Trustees in furtherance of the general objectives of the Charty. Designated funds are un¥eslricted funds eamiarked by the Trustees for partieular purpose$. Restricted funds are subject to reStr￿tionS their expendrture imposed by the donor OT through the lemi8 of an appeal. Incomlng resou￿88 All incoming resources are included in the Statement ol Financial Activitie5 when the Charty is entitled to the income, receipt 15 probable and the amount can bo quantrfied wilh reasonable accuracy. The following $peeifie poli¢ie$ arg applied lo particular catsgories of income." Voluntsry income is received by way of grants, donatlOll5 and grfts and is included in fvll in the Statement of Financial Activttie5 when receivable. Grants, where &nlitlemenl is conditional on the delivèry of a specrfic perfomiancg by the Charty, are recognised when the Ch8rity becomes unconditionally entitled to the grant. Investment income is included when recewable. Incoming resources from charitable actNrfcies are a￿ounted for when eamed. Incoming reSoU￿e¥ frcwn grants, where related lo perfonnance and Spettrf￿ delivorables are accounted for as the Charty earns the rigm lo consideration by its perfomiance. Resources expended Expenditure is recognised oft an aecru81s basis 05 8 liability is incurred. Eypenditure inclLKles any VAT which cannot be fully recovered: Costs of raising funds cc4npri8e the eosts associated wrth attracting voluntsry income and Ihe costs of fundraising. CharTtable expenditure comprises those costs incurred by the Charity In the delivery of ils aCtI￿tieS and Services for its beneftciaries. It includes both costs that con be all¢xaled directty lo such activities and those c(Ydts of an indirect nature necessary to support them, Governance costs include those costs associated wf(h meeting the consliiutional and statutory requirements of the Charity and include the audti fees and wst5 linkgd to the Strategic management of the Chanty. 14 ORWELL MENCAP NOTES TO THE ACCOUNTS For the year ended 31 March 2023 ACCOUNTING POLICIES Icontinuedl All Costs are allocated belween the expenditure c8tegorie$ of the Slatem8nl of Financial ActThiities on a basis dasigned to rdecl the use of the resource. Costs relating lo a particular actiwty are althaled directly; others are apport¢oned on an approprkgle basis, e.g. floor areas or estimated usage as set out in notes 4 and 5. Ponsion commitments The Chanty operates a defined contnbulion scheme for the benefit of ¢ts employees. Contribut￿n8 payable a￿ charged to the Ststement of Financhql Activrties in the year they are payable. Employee benefft8 The cost of short-lemi ￿ployee benefits are recognised a8 8 Ikqbilty and an expen8e. Un￿8$ those costs are requlred lo be woynised 8$ part of the cost of stock or fixed assel$. The cost of any unused holKJay entitlement is recognised in the period in which the empk)yee's seNices are received. TeThninalion benefit5 are recognised immediately as an expense when the charity is demonstrab committed to te￿nInate the empbyment of an empwee or to provide te￿inatiOn tenefils. Stocks Stoeks are Staled at the lower of cost and estimated selling p￿e less costs to sdl. Cost ¢ompri$e5 direct materials, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condftion. Flxed assets Fixed assets are initially measured at cost and subsequently measured at cost or valuation, n&1 of depreckqlion and any 1mpainr￿nt bsses. Depreclatlon Depreciation is calculated to write off the cost of the a88ets over the peric#J ofthe expected useful life of each ¢18s3 of asset as follows.. Leasehold property Leasehold Smprovements Motor vehi¢le$ Computer equipment Fixtures & fittings Plant & machinery - straight line over the peri¢>J of the lease - Stra￿h1 line over the perlod of the lease - 25% reducing balance - 25% feducing balancg 25% reducing balance - 25Oh reducing balance Assets in the course of con8trLKtion are not depreciated. The gain or los¥ arising on di$po$81 of an asset is determined a5 the difference betsveen the sale proceeds and the carrying value of an asset and is recognised in net incomel{&xpendilur8) for the year. Impairment of fixod assgts At each reporting end date, the charity reviews the carrying amounts of ils tangible assets to detemine whether Ihere is any indication that those assets have SLrffered an impaimient loss. If any such indieats.on exists, the recoverable amunt of the asset is estimated in order to detemine the extent oflhe impaim*nt loss (if any). Whert il L¥ not possible to estimate the recoverable amount of an indwidual asset, the charity estlmalesthe reeoverable amount of the cash¥enerating unit to whlch the asset belongs. 15 ORWELL MENCAP NOTES TO THE ACCOUNTS (Contlnued) For the year ended 31 Ma￿h 2023 ACCOUNTING POLICIES {contlnuedl Cash at bank and In hand Cash at bank and in hand are basic financial 88set8 and indudes c88h in hand, deposits held with banks. other short-tsrm liquid investments with original maturities of months or less. and bank overdrafts. Lea8lng Rentals payable under operatlng leases are Charged against income on a straight-line basis over the lease lem. Taxatlon The charty is exempl from corporation tax on charitable activities. Flnanclal Instruments The Charty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Financial Instruments, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the charty becomes party to the contractual provisions of the instrument. Financig183$et5 and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to Settle on a nel basis or to realise the asset and settle thg liability simultaneousty. Basic financi81 •ssets Basic financial assets, whi¢h in¢lud8 debtors and ¢a$h and bank balan¢e$. are inriialw mea$ured at transaction price including transaction costs and are subsequently carried al amortised cost using the effectNe interest method unless the arrangement constitutes a financing transaction, where the transaction 18 measured al the present value of the future r￿eipts discounted at a market rate ol interest. Financial assels d85sified 8$ reGeivable within one year are not amorti¥ed. 8aslc flnanclal liobllftles Basic financial liabilities, including eredilors and bank loans are inrtialty recognised at transactitin price unless the arrangement constrtules a financing transaction, where the debt instrument is measured atthe present value of Ihe future recgipls discounted al a market rate of intergst. Financial Ilabililles claSs￿led as payable within one year are not amortised. Debt instruments are subsequenlly arrigd at omortised G051, using the effedivg intorpst rale meth¢xl. Trade credrtOTS are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers_ Amounts payable are classified as cuffenl liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are r&ognised inilialty at transaction price and subs4uently measured at amort18ed cost using the effective interest melh¢)d. Dgrocognldon of flnandal 11obiliti Financial liabilrties are de￿¢OgnISed when the ¢h8rity'$ contr8¢tual obligatbns e>plre or are discha￿ or cancg118d. 16 ORWELL MENCAP NOTES TO THE ACCOUNTS Icontlnued) For the year ended 31 March 2023 CRrricAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the applution ofthe charty's accounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of 88sels and liabilities that are not readily apparent from other sources. The estimates and associaled ossumptions are bgsed on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Thg estimates and underlying a$$Ltmptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whieh the estimate is revised where the revision affects onty that per￿, or in the perKid of the revision and future periods wherethe r8vision affects both current and flrture periods. INCOME Unrestrlcted Restricted 2023 Totsl 2022 Totsl Donatlons and lega¢les Donations Suffo* County Council 1,789 6,499 78,124 42.600 79,913 49,099 99,070 114,359 Total 8,288 120.724 129 012 213429 17 ORWELL MENCAP NOTES TO THE ACCOUNTS {Contlnu8d) For the year ended 31 March 2023 EXPENOITURe D•y Cllro 1 Volunt•ry vnklllary •nd in¢om• rh•ry•* b•Mfrc4ariM ¥J>•)lal OoDthbmad• 1022t¢441 •ll¢xthn Cokndlrnth Jllocat•d loacllvllh• 1,116,502 106,3B2 4.e40 1,222. 2&.710 1,045.273 LI￿1 24.197 4.20D Lh 42.701 9,￿1 VeTrJe hite TImWmateri￿ 9t¢ E•w•claUc 4,WO rect 10,280 300 10.581 1.761 37.912 rxt 37,912 17.245 S,CQ2 5,Qfj7 23.360 Drert 1.479 SubS¢rtkn8 & INlnl BUI￿l￿g & qLip rmntqrwce InwtywthVAT KellrrncLB cc•t¥ rKt 10.840 27.330 442 118 3.IF6 13.8 EKxtswity Prcl2sgknnol fees Citect Tect 1,517 1.C¢3 12. 4.334 19.Str2 2013tsts1 cotsthrecly allocated 1.517 1.204.37T 147.9 1414.mg 1.11> 114 Day ¢orfr I domldll•ry •nd P44•of 2022tthl ill•cats• Support cothalloc•trd to a¢tt¥ld Pwi$es cwts 24,753 111,924 21773 319 48,517 101.4Y4 4.655 45.182 Fhxr 1WJ.634 siaff thn2 2.719 11.792 sidtlime 137 Staff Ilm¥ 10.449 Fknor 48.107 Fkny 1.386 Fknr 1.355 Twrthw 14,112 10.ty) Trydning. *Jt4rti91w & $thtsrfObJ & S&pty PPE /194 75ts 10 Genwal cvsls. tweciat 4.418 9.4 57,9 11.$311 Fin8we cts2t*. Chv 153 1,63$ I,T24 13,544 5,1e9 1713 144 4,$70 1.782 21.017 8.021 4.210 . wo*5310rn1 & comuliancy Postsp. & 8th•bsino 4.151 172 xo Swr*y mist￿l4r￿￿O 3.7 1,442 17,e43 27,885 27.514 2023totsl Wpwtcotsallo￿knd 15.374 225.879 374.￿￿ 382.3D Tt4)I I•*￿￿•xP•thI•￿ 16 451 1.4W.256 259 722 1.780.152 1,052.854 144.37T 839 15.202 219473 106.8 362 322 15.988 1,272,327 18 ORWELL MENCAP NOTES TO THE ACCOUNTS (Contlnued) Forthe year ended 31 March 2023 GOVERNANCE COSTS Govemance costs arg allocated btheen the four expgfKlilure ¢ategorie¥, as $h¢)wn beloyr. DAY Car• ¥(vnlrlll¥ry 4nd Al ¢h•ry VoluRI&ry ¢•m• F¥ndrnl¥Tro b•Mfl¢4•rfM 2023 t•i•l *)22tyty1 A￿lit S ￿¢￿A￿anCY 1.¢93 C4r•¢i Svpp•rtMth•I￿￿￿+•¢oyiIl•l 10 1D 1.120 29 465 4.480 990 20.159 517 & saart6s 12.992 21.515 VM Hwllh & Safety PPE *A(knrexwts 8 *ULwYt￿￿e 29 14 Is 213 12 12 1.1B3 Roc¢ 130 50 519 190 Leool. & CaJnsdlK 69 574 341 mrnunNtw)ns- Iwone SuTrJry exwnMB- rnkncfAI*nK￿• 19 23 76 33 271 420 75 17.$43 27.e65 27.514 Tatsl 9Dv•rn•nM co¥J NET INCOMEIIEXPENDITUREI FOR THE YEAR 2023 2022 This is stated aftei chaTging". (Profrtl l Loss on disposal of r￿ed assets Depreciation Auditors, remuneration- audit services Auditors, remuneration- I￿n-audIt $eNi¢e$ 429 71,515 13,350 5.932 1,414 59,039 9,100 5.158 The TNstees recewed no remuneration during either year. One Trustee wa8 reimbursed for expenditure incurred on behalfofthe charity for£23312022'. £501. Donations totalling £200 were made by the TNslees tothe Charty durir¥J the year12022: £Nill. The Charity purchased indemnity insurance for its Trustees for £1,90412022: £2,1e6). 19 ORWELL MENCAP NOTES TO THE ACCOUNTS (Continued) For the year ended 31 March 2023 STAFF COSTS 2023 2022 Wages and salaries Social se¢urity costs Pensions 1,322,169 79,990 1.171,359 69.206 1424 478 1260 420 The av8rago number of employe8$ during thg year was as folknys: Day ¢areldomi¢iliary care Administration & support (including CEO) 92 97 92 No 8mployees wgrg paid over £60,000 during eithgr ygar. Koy managèment remunerallon Key management personnel are deemed lo be those hawng authority and responsibility, deTreg8led to them by the Trustees for planning, direeling and controlling the activilles of the charity. Aggffjgale key manageffÉnl remuneration w88 as follows.. 2023 2022 Salaries Social security costs Pensions 129,000 14.957 3.075 127,564 13,942 3,265 147 032 144,771 CORPORATION TAX The charty is exempt from tax on income and gains falling wf(hin section 505 of the Taxes Act 1988 or 86clion 252 of the Taxation of char￿able Gains A¢t 1992 to the extent th* Ihe$e are applied to its charitable objects. 20 ORWELL MENCAP NOTES TO THE ACCOUNTS (Contlnued For the year ended 31 March 2023 FIXED ASSETS Lo858hold L•as•hdd Alotor Computer Fixtur•s & Pthnt & Propfjrly Improv V•hi¢l•s equlpm•Dt FlttlngB MachTrn•ry m¢n¢8 Total Coot At 1 April 2022 Addf