Charity Registration No. 1123390 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT (A COMPANY LIMITED BY GUARANTEE) DIRECTORS. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 *ADHVB9GP* 1311212024 COMPANIES HOUSE A17 4142 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT CONTENTS YEAR ENDED 31 MARCH 2024 Company Inforniaiion Dirnctors, Report 24 Independenc Examiner's Report Ststement of Flnancial Activities Balance Sheet Notes to the Financlal Statement5 8-15 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page I COMPANY INFORMATION AS AT 31 MARCH 2024 Dlrectors of the Company (durin8 the year endlng March) Mr I P Stevrtrc Mr E W Langdown MrMFCole {Reslgned 10107r2023) MsMPSmith Secretary Mr I P Stewart Reglstered Office and operatlonal address I Creek Road Deprford London SE8 38T Independent Examlner Dominique Wells FCA l O Lakeswood Road Per¢$ Wood Orpington Kent BRS 18J Bankers HS8C 85 Lewisham Hlzh Street Lewisham London SE13 68E Reglst•red Number 6450710 Charlty Number 1123390 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 2 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The directors. who are also trustees, present their report and financial statements of the company for the year ended 31 March 2024 Constltutlon The organisation is a Charitable Company limited by zuarantee. incorporated on I l December 2007 and registered as a charity on 31 March 2008. The charity is constituted under a Memornndum of Association which established the object and powers of the Charitable Company and is zoverned under its Articles ol Assoclats'on, Recrultment and Appolntrnent of n¢w Dlrertg The Direetor5 identyfy and appoints potenoal trustees whose appointmene Is ratified at the next Annual General Meeting under the terms of the Memorandum and Articles of Association. Organlsatlonal structure and d•clilon maklng Directors are accountable for setting the stracezic direttion of the charity, providing governance and oversight ensuring the highest leve15 of hulth and safey and safeguarding principles are met and identifying and mana&'ng risks. The management of the charity is delegated to the Management Committee ¢¢nsisdnz of the leadership team and a trustee. The Chair fulfills the role of Ilne manager on behalf of the trUS￿eS. Background The Disabled People's Contstt . known as the Deptford Mission, (DM) has opernted for many years as a Charity whose objrftives are to help persons in the community who are elderly, solitary. sick or have a disablilty by providing them material. social, emotional and spiriwal facllities ¢)n a regular, continulous and effettive basls. We are a place where people Can feel they have something w offer and that their life has not passed them by. Addiuonally che centre is a place where people can experience opportunities and meet friends while $haring experiences. Revlew of the Actlvltl•i This year, the Day Centre has continued to grow and adapt to the needs of our members, refletting our commitment to returning to prevpandemic levels of service and supporL Since last year, we have slizhtiy expanded the number of members, thou8h we contynue to actively work towards increasing this further. Our Volun￿erS have been instrumental in helping us deliver a growing number of attivities, ensuring that each day is engaging and meaningful for our members even in these challen&ryng economic times. The focu5 for this year has been to rebuild and strengthen the ser¥ices we offer. Our team has worked hard to esrablish the Day Centre as a ffirs¢-class facily. where volunteers are able to achieve their personal goals while supporting the Day Centre's operations. We have also expanded our offerings to meet the incr￿Ing needs of our members in thesè ehallenging times. We have focused much of our efforts on providing emotional support to help our members cope with these new pressures. DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 3 DIREcfoRS' REPORT FOR THE YEARENDED 31 MARCH 2024 R•vt•w of th• Actfvltl•s (¢￿tInUed} With the team in place, have v4orked to ensure the delivery of an aCDve and fulfilling day for each member. In addition to our usual entenainmenL we have added new acvvities to the progr¥nme and resumed our much-loved outings, and Sharing time with the children of Rathel Mcmillan school. We are attively engaged in seeking new volunteers. especially at the trustee level. The input of (rustees will be vlol in ensurin8 that we con(inue to grow and meet the evofving needs of our community as we move lomrd into the next few year5. Revlew of Our Finan¢¢$ Th15 flnancial year brought Si8nificant challenges. much like the wider economic landscape, wlth rlsin8 living costs and inflation directly impacting our salary and other expenses. As a London kn¥in8 Wage ILLVfj employer, we remain committed to fair pay for our staff, ensurin8 their w3ges reflect the (rue cost of li￿n8 in the capi>l. In line the updated LLW s(andards. we iMpleMen￿d a l 0.2°A salary increase. which placed additional strain on our financial resources. Thi5. combined with the employment of a full-time shop manager, added approximatrly £40,000 to our S￿ary msts. HoW￿Ver. we took proattJve steps to mltSgath thls flnanclal pressure. Increased shop sales cOntribu￿d an addltional £1 0.000, while fundraising efforts brought in an extra £5.500. Alongside reductlons in certain Cost area$, these measures helped limit the overall impa¢ resulting In a small deflclt of £19,178 for the year. To strengthen our financial p05ioon, a new funding strategy devised, and we made a concerted effort to apply for yants. We are deeply grateful to our supporters and par¢ners lor their continued a55isttnce. Slgnificant contributlons this year were recelved from Lewisham Council and the National Lottery Fund. among others. Despite these challenges. our focus remained steadfast on delivering essentj'al $eThfices to those who depend on us. ensurlng that we met their needs even in a challenging economic environmenL We would like to thank all of our funders and donors who have supported us ￿￿th lunds throu8hout the year. Also a very special thank you to all our Volunteers for their continued time and commirment in their work at the Oeptford Mission and The Well Charity Shop. Reserves Pollcy Our poliry is to maintain a minimum of three months. worth of operaung costs in reserves, ensurins finandal stsbility and the ability to sus(ain servlces in the event of Income fluccuatlons or unforeseen expenses. The Well Charity Shop pro￿deS a steady Sncome stream throughout the year, which supplemenfs our reseryes and helps manage any flucwatyons in timing or shortfall in other income Sources. Reserves are in*nded for brid&ng temporary income shortfalls, covering unexperted c05rs and 5uppor(ing esseniial expenditures that may arise. At 31 March 2024 the tottl funds comprised.. Unrestricred: 70,267 Restric*d.. 70,267 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Risk Review The most signifciant risk to the charity is that we mizht not obtsin the funding we require co keep the Day Centre open. The Direccors consider that in the current environment with a stsady income from 'The Well, charicy shop. the contribution from members and continulng funds from Lewisham the Nauonal Lottery and other funders. thern will be sufficient income to maintsln the charity for the foreseeable future. We will be continunz to seek additional grant funds and undertake other fundraising actlvities to ensure we have sufficient resources to mainoirt the charity. Results The results for thè perlod ended 31 st March 2024 are shown in the statement of financial actlvltles on pag• 6. The overall deficit lor the year amounts to £19,322 (2023: £11361 deficit). Publlc Benefit The Directors confirm that they have c¢mplied with Section 4 of the Charltles Att 201 I In havlng due reprd for the Charity Commission's genernl guidance cn public benefiL Statement of Tru$t•¢i' rnJponslblllti•s The Trustees {who arn also Directors ot the charity lor the purposes ot company law) are responsible lor preparing the Trustee's Reporc and the financial statemenu In accordance with the applicable las and Unlted Klnsdom Accounting standards (United Kingdom Generally Accepted Accountlng PTrccice). The law applicable to charicies in England and Wales requires the Trustees to prepare financial sQtements for each financial year which give an true and tsir viww af the state of affairs of the Charity and of the income and expendlture of the charity for the period. In preparinz thew financial statemencs the Tru$¢¢es are required co; select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP: make judgements and escrmates Chac are reasonable and pruden¢ Stace whether applicable UK accounting standards and statement of recommended praccice have been followed. subject to any material depanures disclosed and expliined in the financial statements: and prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will con¢inue in operdtion. The trustees are responsible for keeping proper accourtong records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Cornpanie5 Att 2006. They are also responsible for saf4uarding th• assets of the chariy and hence for tskinz reasonable steps for the preven¢ion and detection of fraud and other irregularioes. Approved by the Direceors on 5th December 2024 and slgned, on their behth by." lan te Chair DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Pqge 5 INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRÉcfoRS ON THE FINANCIAL STATEMENTS OF DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 whlch are set out on page5 6 w 15. Re5ponslbllitles and bas1$ of report As the ¢harlty trust￿ of the company (and a150 Its director5 for the purpo$es of cornpany law) you are responsible for the preparauon of the accounts in accordance with the requlrements of the Companies Act 2006 ('the 2006 Act.). Havinz satisfied myself that the accounts of the company are not rqqulred to b• audlted under Par¢ 16 of the 2006 Act and are elizible for Independent examiftatlon, I report In respect of my examlnatlon of your company, accounrs as carried out under secdon 145 of the Charltles Art 2011 {'the 2011 Act,). In carrylni out my examination I have followed the Dlrecdon5 ilv¢n by the Charlw Comrnlssion under sectlon 145{5){b) of the 2011 Act. Indep•nd•nt •xamln•r'i itat•m•nt I have completed my examlnatbon. I confirm that no matters have come to ry attentjon In connettlon wlth the examlnirlon 8lvlni me cause to belleve that In any materlal respecL' . accountlns records wern not kept In r•spect of the company as requlred by iectlon 386 of th• 2006 Ae4. or 2. the accounts do not accord wlch those re¢ord$', or 3. the accounts do not comply wlth the accounctng requlrements of settlon 396 of the 21x16 Att other than any requlrement that the accounts 8lve 4 'true and ￿1r vlew. whlch Is not a. matter conslderetJ as part of an independent ex2minadon' or 4. the accounts have not been prepared In accordance wlth the methods ind prlnclplw of the Statement of Recommended Practlce for accoundng and reportlnz by charitres appIl￿ble to charities preparlng their accounts In accordance wlth the HnancSal R•portlry Srandard applleJbl¢ In the UK and A¢publlc of Ireland (FRS 102). I have no concerns and have come acr¢xs no other matters In ¢onnectlon wlth the ex*minadon to whkh attentlon should be drawn in this report in order to enable a proper undersThndlng of the accounts to be reached Domlnlque Wells FCA 10 Lakeswood R¢ad Date: 101121702 Perts Wood Orplngtoii Kent BR5 IBJ DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 6 STATEMENT OF FINANCIAL ACTIVITIES (including an Income and Expenditure Account) YEAR ENDED 31 MARCH 2024 Unrestrl¢ted ft•strlrted Funds F￿d5 2024 2023 Total Total Notes Incoming from: Incoming resource5 from generated funds: Donation5 and grants 1.799 30,000 31,799 26,483 Activltle5 for ¥enerated fund5'. TradinK income 154,383 154.383 143,848 In(omlnz resourcw from chariuble actlvities: Club receipts Investments 31.735 523 31,735 S23 28,84S 205 Total Incom• 188,440 30.000 218.440 199,381 Expendltur• on: Raising funds Charioble actlvl¢les 1.661 236.101 3,602 208.140 206,101 30.000 Total •xpendlture 207,762 30, 237,762 211,742 N•t movem•nt In fund• (19,322> 89,589 70,267 (19.322) (11361) 89,589 101,950 70,267 89.589 Total funds brought for4Yard Total funds carrl•d forward IZ 13 All Income and expenditure Is derived from contlnuinz actlvitles. The statemonc of financial activities Includes all rdln$ and losses recognised in the year. DEPTFORD METHODIST MISSION.. DISABLED PEOPLE'S CONTACT Page 7 BALANCE SHEET AS AT 31 MARCH 2024 Not•s 2024 2023 Fixed Assets Tangible assets 6.439 Curr¢nt Assets Debtors Cash at 8ank and in Hand 10.098 60.053 12.653 74,808 70,ISI 87,461 Liablllti•s Credltors: Amour￿ falling due within one y•ar (5,492) (4,3111 Net Current Assets 64,659 83.150 Totsj Net Assets 70.267 89,589 Fundi Restrirted Funds unres￿l(led Fund3 12 70.267 70,267 89.589 89.589 Total Charlty Funds For the year tnded 31 Marth 2024 the company was entitled to exemptlon from audlt under section 477 of the Companles Act 2006 related to small companles. The dirertors acknowledie thelr responsibilty for comptylry wlth the requir•mthts d the Art with respect ta Ac¢ounttni records and lor the prepar4tion of accounts. These ac¢ounts been preparnd In accord3nc• with the pro¥lsloDs appllcable to the small coThpanles' reKlme. No members have requFred the charltable COMp￿Y tt* obttin an audit of Its accounts for the year ID question In accordance with section 476 of the Companles Act 2006. These financial statements were approved by the dlrectors on 5th Deceffl￿r 2024 for Issue and ilfv +)n th•ir behal MrlPS Director Date Company Number. 06450710 The notes on pages 8 to 15 forni part of these financial ststements DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accounting Policies General inforn)ation and basi$ of preparation The Deprford Methodist Mission: Disknled Peoples Contact is a chariry based in England. The address of the re8lstered office is &'ven In the charity informitlon on pa8e l of these Inanclal statements. The financial statements have b¢¢n prepared in accordance with ch¢ k¢ountin¥ and Reporting by Charities: Staterneftt of Recommended Pracci¢e applicable to charities in preparing their accounts in accordance with the Financial Reponing Standard in the UK and Republic of Ireland (FRSI 02) (effecciye l January 2019). the Financial Reporring Standard applicable In the Uk and Repblic od Ireland (FRS 102) and the companle$ Att 2006. Assets and Ilabilltles are iniually recosnised at hls¢orical cost or trnnsacclon value otherwlse unless in the relevant accountAng pollcy note. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds on the grounds that ic is FRS102 Section IA b) Incomlng Resources Grants. dona¢lons and Investment income are reco￿15¢d on a r¢c¢lvable ba$l$. Income Is deferred when the activity to which It relates occurs after the balance sheet date. Trading income Is recognised in respect of donated good& which are sold through the Charity's shop. Expenditure and Irrecoverable VAT All expendiwre, including irrecoverdble VAT, Is accounted for ¢n an accruals basi5 and is reco￿lSed once there 5$ a lerdl or conscruttive obligation to make a payment to a third party. Charitable expenditure comprises rhose costs Incurred by the Charity In the delivery of its artlviiies. It includes both coscs that be allocated dlrectly to Such actlvltles and those costs of an indirect nature necessary ro support them. Governance costs Include all costs involvlng the public accountabilicy of the chariw and its compliance with regulation and good prnctice. DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT ge9 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Expenditure and Irrecoverable VAT (contlnued) A liability will be recognised when the chariry has a lerdl or constructive oblirdtion. A onstruttlve oblirdtion arises where the chariry has indicated to a third par(y that it will undertake cerraln responsiblllties and as è result of these. the charity has created a %?Ild expeccation to these third parties that it will discharge these responsibilities. d) Unreitrlrt•d Funds Unresrricted Funds are avallable for use ar che discretlon of the trustees in furtheTrnce of the general oblectlves of che charlty and whlch have not been desly)ated for other purposes. R•strict¢d Funds Restrlcted funds Indude Income rncelv¢d where the donor hu spKlfi•d a p4rtlcul4r purpos¢ and a separya¢e fund therefore been created, Deslgnat•d Fund* Designated funds are unrestrlcted funds of the chvity which the trustees have decided at th¢ir diseretioln to set ¥side tts use for a speciftc purpose. z) Debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscounc offered. Prepayments arè valued at the amount prepald after takln% of any trnde dlscounts due. h) Cash at bank and In hand Cash at bank and cash In hand includes cash and short term hi8hly liquld Investments wlth short maturity of three months or less from the date of acquisIti+￿ or openlng of the deposit or 51mllar accounL i) Créditorj and provision5 Credltors and provlslons are reco8nised wher• the charlty has a present obllr4tion resuldng from a past event that will probably result in the transfer of fvnds to a third parry and due amounr due ro setde the obligation an be measured reliably. Creditors and provisions are normilly re¢o￿lSed at their ser¢lement amount after allowln8 for any trade discounts due. DEPTFORD METHODIST MISSION: DISABLED PEOPLES CONTACT Page 10 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 J) Tanglble fixed •siets Tan&'ble fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost include5 Costs directly attribuoble to maklng the assec capable of Depreciation is provided on all tangible, at rates to write off the COSL les5 estimated residual lue. of each asset on a sy5tematlc basis over irs expetted u5¢ful life as follows.. Motor Vehicles 25% Reducing Balance 25% Reduclng Balance Office Equipment k) Employe• bonetlts The tharlty operates a defined contrlbutlon ptan for the benefit of Its ¢mploy¢es. ContributSons are expensed as they become payable. i) Goinz Conc•rn The financial statements have been prepared on the assumption that the chariry is able ¢0 continue as a 8oln8 concern. whl¢h the trustee¥ con51der approprlate ￿vIng reprd to the current level of unrestricted reserrfes and forecast of future cashflow over the next 12 months. The trustees belleve th1$ wlll enable the chariry to deal wlth any uncerralnlties over the next12 months. For this reason the trustees do not believe there are any rnaterial uncertainties about thè chariry'$ abillry to con¢inu• as a zolng concern. m) Judiements key sourc•1 of wtlmation uncertalnty In the applicarlon ol the charity's accounting policies. the direaors are requlred w make judzem¢nts. estlmates and assumptions about thè values of asseu and lithllldes. Actual results may differ from these estimates. DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 11 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Donatlons and Grants Unmtrlcted Restrlcted 2024 2023 Donaticns and Grants 1.799 30,000 31,799 26,483 Income from donadons and grarts were £31,799 (2023: £26.483> of whlch £30.(￿0 (2023: £10.O(M)) was attr1￿table to restrlcted and £1.799 (2023: £16.483) attrlbutabie to unresrrlcred fvnds. Tradinz Income 2024 2023 Sale of donated goods through the charlty shop 154,383 143,848 Shop Income was wholly •ttrlbu¢able t? UDres¢rlcted funds for the current y￿r Ind the pre¥lous year and is generated soley from the donations recelved from the local community in and around Deptford. Inv¢•¢m•nt Incom• 2024 2023 8ank interest received 523 205 Investment Income was wholly attributable to unrestrlcted fijnds for the current and previ+JUS yur. DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 12 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Charitabl¢ Artiviti•s Unrestrirt•d Restrirt•d 2024 2023 Dlrert Cojts: Salaries and Wages Volunteers, expenses Ac¢ivsts'es & outirqs Caterln8 Trninin8 Support Costs: Salaries and Wages TransporL' Runnini costs Insurance and maintenance Depreciation Maint•nance & cl•anin¥ Subscrlptlan$ & publkadons Telephone and lTrterne¢ Office expenses Finance costs 87,745 1,552 3,920 14,645 1,2n 30.OLYJ 117,745 1.552 3,920 14,645 1,2n 105,074 5.319 5.141 13,379 1.399 50.192 50.192 22.491 4,208 6.570 1,868 6.527 79Q 3,554 4,208 4570 4.038 9.247 2,147 4.643 4.762 5,321 1.127 1,789 9,703 1,257 1,756 3.102 4,94S I,soo 6,527 3.554 1966 1,808 9,660 612 5,058 R•nt 9,660 612 5,058 Insurance Day Centre Leial fees Other expens•s Gov•rnance costs (sm no¢• 6) 1,750 1,750 206,101 30,OCKI 236,101 208,140 £30,000 (2023.. £14.CWl of the above costs were attribuoble to restrlcted fund$ and £205,957 (2023: 194.140) were attributabl• to unr•stricted lund$ Governance costs Unrestrlcted Restrlrted 2024 2023 Independent *yamina￿an f•e 1,750 1.750 1,5 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 13 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Trurt¢•s No trustees received any renwnerdtion or reclaimed any expenses during the year (2023 - None) No key manaryn¢nt Person￿ rec•SYed any remuneration during th• yw (2023 . Noni}. Th• charlty considers its key manazement personnel to eomprise of the Trustee& Employ••J The aver4e m¢)nthty nUM￿r offull.¢ime equiydlent employees dur5￿ th¢ year was: 2024 2013 Number Numb•r Furth•rance of thirie/s obl•e Administration and support Employment costs 2014 2023 W4es and Salarie$ Soclal Security costs Pension contrlbwons 157.923 6,811 3,203 167,937 124,564 939 2,062 127,565 No employee recelved ￿olUmen¢* above £60.000 during the year. Tan8lble Als•ts Motor Offl¢• Tot•1 V¢hkl•s Equlpm•nt Cost At 1st Apr412023 Additions 31SS6 3,4TI 1,038 4.515 36.033 1.038 37.071 At 31 March 2024 32,556 Depréclation . At 1st Agril 2023 Charge for the yoar At 31 March 2024 2&210 1,384 783 29.594 1070 31.464 1,087 29,297 1167 Nèt Book value At 31 March 2024 3,260 1348 5,608 At 31 March 2023 4,346 1093 6.439 DEPTFORD METHODIST MISSION: DISABLED PEOPLE'S CONTACT Page 14 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 l O Debtors 2024 2023 DMM Debtor 17SO 1838 4,510 501 Other Deb¢ors 4,279 Prepayments 7,873 12,6S3 10,098 Credltors 2024 2023 Tax and Social Security Costs Pension Costs Accnnls 2,536 906 2338 473 1,750 300 1,500 Other Credltors 5.492 4,311 12 ft•strl