CHARrrABLE INCORPORATED ORGANISA TION: CEO13323 REGISTERED CHARITY: 1177251 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ISLE OF WIGHT MENCAP ISLE OF WIGHT MENCAP CONTEiYfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pa Report of th¢ Tn￿let5 Indtpendent ExaJnlntr'5 Rep)rt B4l*Dce Sheet Nole5 to ¢h¢ FiThandg1 Sts¢ements Tan8ible fixed a&sets 10 ID¢ODk and Ex￿ndIture Accounts by A¢ilvJly General Invesimeni 12 13- 14 SIK)P 15 ISLE OF WIGHT MENCAP REPORT OF THE TRUSTEKS FOR THE YF.AR ENDED 31 NIARLH 21124 The trustee5 who Ire also dirtLiofs of th¢ charity for the PU￿05t& of the Companies Aci 71￿. preseni Ihe]r rcpon with the financjal sthiemenis of Ihe charii). for ￿ year ended 31 MaT¢h 2024. The iDJste¢s have adopted the pmwi.sion4 of the Siat¢rnent of RecomllKnded Pr￿ICe.. Acrounting attd R¢porti￿¥ by Ch•iii¢.¥ (FRS 1021 Icffeciive l Janudry 20151. ObJ¢cts of the Clwiiy, Prlncipal At¢S￿lIeS •tyd Oryth15atlon •four Work The Ibbjecis of the Chanty a¥e 10 p[0￿de help and sUP￿rt 10 all rrtopl¢ wtth a Iwnti)8 disability on ihe Jslc of Wi8hi. This means any d¢v¢lopmentst disdbiliiy of th¢ mind and any &%%ociaitd condttioll howevcr caused and whciher mild, m￿je￿a* or 5¢veTe. Th¢ Chartiy exists ￿ supw)n them. their (amtli¢s. de￿adenIS and carers ond 10 advanLe learnijjg and undcr51anding aboui all asrttis of with a karnin8 di%ability. W¢ al%0 cxi.¥i 10 provide or in the provision of faciliiies for Ihe recreaiion or other lei.%ure lime oc¢upaiion for ￿Ople who hdve leaming disdbiliiies wilh ihr objcri of impmvin8 their condiiions of life. Tht Charity 0￿rateS by nJnnin8 a nknmber or projects. iDcludin¥ a cehtrc providing ptr50n81 developmeoi seTViLes. 5uppunin8 a People Fitsi pmjeLI and a varieiv of other &li%iiies. The Chariiy uperate5 so th* the TNstrts meei regularly io man•ge lis affairs. There are no lull lirne employce5 Providing adminis¢rJiive supp￿. btsi in some ol projeLlS Ihere orc (ull ume emplo)res who run those projccL¥. W¢ are v¢ry 8rakful for th¢ ￿Up[￿ of the voluniem who support our projetts a￿1 wiihoui whom they wnuld noi bt P>ssiblt. Son* of our fundin8 is wovided by tht iwome fn)m a ch#rity shop. which The Ch￿IntY Tun%. Tr4￿￿110￿ and Fln¥n¢l41 Posl¢knD Tht Stdiemeni of Findncidl Aeiiviiie5 shows nei i1￿0me (or the )t4r of £471.057 ynd 1014LI rrsource¥ cxpend¢d of £429.786. The nei movem¢Thl futxts for thc ￿ar £55.199 and the iotal funds at the y¢•r end wa$ £1.446,274. Our ]n#jor >ourits of inLOD* are Lori¢racis r¢¢cived frDm individual personal b1￿8￿5 and the IT￿￿rne (rom the operoiion of our chariiy.v¢￿*nt in fixed 455cI.s art sei oitl on page 10 of the aocounts. The major a55ei 1$ ihe property •t Haylands Farm and th¢ major invc51met)l assei i5 a si(cks and shares ￿COun1 valued ￿ Ihe end al £91.753. Dlrertors and Tntskes All dire¢ioTS of The cornpany th150 IN%l¢ts of ihc Charity th¢T¢ thre no oiheT I￿$1te$. The nuslec¥ named on pd8e ? served during Ihe >rar. The Board h&% the pow¢¥ io ap￿1￿1 additional tru51¢c5 as li ¢onsiden fil 10 do so. K15k Min4#emtnt TrusictS aCtjVLly Icview the major risks on a ￿guIlT basi.4 ¥'hi¢h iht Charity f¥cs and believe thai maintsinin8 Te5ervcs ai rurrtrti Icvels. Combitkd with an annJal ￿vieW of Ihe rontyols over key fEDanLial sy$iem5, will prov2de 5uffiiieni resourLe5 in the ¢veni of advers¢ conditions. Th¢ Thist¢¢5 have also examined other Operallon￿ and busrne%s ri.%k4 faced by Ihe Charity at)d ronftsm they have e$wblishtd systenLS io mjiigaie Reserve C¥pht*l The chaniy holds tash re5ervcs io atlow for a number of conlinge￿IcS aThd in the c￿￿ent balances. fDllowii)8 sunis ￿[¢ all￿aled.. Haylands Farnvshop RcdundanLy Provision.. £45.￿1 Haylands FarnVOiher- Dev¢lopmeni ol Service Pttli￿ts.- £20.1 Page I ISLE OF WIGHT MENCAP REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2(124 Tr￿SleeS Rtswnsibilities ID ReiatiOD to the Fla#tt¢hl St•trththts Tht irusite5 ¥¢ T¢quir¢d by company law 10 preptsre fU￿￿claI sta*nKnts for cach financial year which give a trut and f￿[ view of thc financial aciiviii&g of the charily aDd of lis fiDancial posiuoTh ai the end of thai year. In preparing those financial %tsiements the tr￿s1ee$ aTt rtquited to". l %clect ¥ui14ble ￿cOun11n8 Jxplicies and apply Ihcm ron$i*emly'. bl Tnake judgements dnd eslimdies ihai rciL40nabie dnd prudent.. cl sldie wheihei the p)licies adopicd are in ¥corddrKe with the CornpaThie5 Act ?(Mkn and with applicable k¢ctsiJniing $randaTds and $￿eMen[S of recommendtd pwiire. ¥ubjea 10 any material departures disclosed and explained in th¢ fJnan¢ial sw*mcnts: dl pr¢pare ihe flnanci￿ siaiem¢nts on 4 going concern basis un]css li is inappmpn'* ty •55ym¢ thai the Lhars¢y will coniinue in owaiion. The tTU51rt5 are responsible lor kttpihg pwp¢r I￿￿Un￿￿8 record% which disclose with rtawnabk #¢¢UT4Cy at any iijne Ih¢ financial po%iiion of tht charity and ¢nabk Ihcm 10 ensure ihai the fInaKI￿ siaiemtni% ¢omply with thr Cutnpanies Aci 2￿. They art ￿1￿0 rt5P)n5ibl¢ for 54f¢8uarding the of the ch*rily ahd hen¢e for taking rea50n&blc sieps for Iht prevention and dti¢¢tion of fr4ud and (rther irregulariiies. Independent Eximlnerj A re%oluiiun prow%ing Mackenzie* be ￿-¥p[M)In1¢￿ ￿ A¢riwDfanl% tndependeni EX￿nInth of Charity was put btfore th¢ Annual General MeeiiTh8 and ¥ppm¥¢d. Approval and si￿ed on i behalf hy.. ThJstee- Tre￿￿Ter Ltst ofcurrent trnslees Mr C Ford- Chairnidn Mr C Cook- Vicc Chairnan Mi55 L Lampon -Tre&*JreE Mr D V Dowoer Mr J Phillips mrFC￿k Mr I Poultsr Mrs A Miller Mr S Jefferies Mr B Wi150n P4e2 INI)EPENDF.NT EXAIIIINb:R'S REPOR'I" TO THE TRUSTF.ES OF l&iLE OF IVIGHT MENCAP I repon un ihc account% for the yca¥ endeLI 31 March 2024 sei oui on page5 four 10 eleven. Re5Ptct5ve responsibilliles of trustees and emmlthtr LhJrii}'.4 ￿￿51¢¢5 Iwhu are Ihc dJre¢iots for Ihe P¥QKJ￿1 u( con]pany lawl are r¢swnsiblc for the prepardiion of Ihe acco￿nis. The cli•rili'$ rntsree5 consi(ki Ihar an audii 15 Doi fe4Uited fvt Ehi5 periiKI S¢¢iion 144(21 of Ik ChariiK5 Aci 2011 Ilhc 201 I Athii aTrJ th* nn ind¢pcndeni tAaminarion is T¢quired. Having Saliyfjed tnys¢11 Ihai Iht charity l& Ilot subjeti 10 ludii con1pa￿ law and is eligible fot Inde￿n￿en1 examinaiioD. il 1% my ￿$￿nSibIli1Y io.. exariiine Ihc ac￿￿1￿¢5 under Sediun 14$ of ihc 2011 Aci J follow ihc procedu￿$ laid down in the Genernl Dirc£iioos giv￿ by th¢ Chariiy Comnu%si(J lundeT Seciion 14515Kbl ol the 2011 Acii.. iThJ io siaie bvhtihtr partIC￿l￿ have tom¢ ro my anention. ilas15 ufthé indtptndtJ)l examlner'5 report My exHminaiiort ￿.8* Larricd oui iD a¢cord•ftce wilh ihe G¢D¢r¥l Direciions 8iv¢n b). Ihe Charily Cornniissicin. An exarrunwiion Includes * r¢vi¢w Of Iht arLouniin8 i¢¥ord4 K'ep¢ by ihr ch•riiy aThJ a cumparison of Ihe ac¢oyntS Presented wilh thos¢ reo)rds. li 0150 includ¢5 consideniion of any unusual iiem5 or di￿1￿%￿rC$ in Ih¢ arcounis. and ￿￿1￿6 ¢xp14fbaiiorks frlim you as tyU51¢e% concerning •ny such maiitrs. Thc Pr￿ed￿r¢S uDd¢rt¥kcn dtr provjde •ll Ihe evIde￿e Ihai wnulo bt required in an audii. atyj Conseguenily no opinion 18 sivf n 4.4 10 whclher lh¢ x¢ouni$ Prese￿ & Irv¢ 4nd lair view ' aNI lh¢ r¢w¢ is limiit4110 thov mailers sei Oul tn the 51aierneni¥ klow. Ind¢p¢Ddent tx4mlner'1 staltmenl In c(int￿lIa()n wilh my ¢i¥minaiiDn. ni> m&EEer h•% o>rn¢ tf> my Jiienrion.. 111 %¥,hiLh giv¢% n)¢ re¥LgoDablc ¢au5e io klievc Ih#. ith any m•r¢n•l respeci. Ihe Tequir¢mEnis l() keep llcrnuniinB record5 Irt with Sttiion 38& and 187 of ihe CDnwAni¢s Aci 1¢) prepdr¢ a￿O￿ni% which *¢ord wilh the a¢¢oun¢in$ rtc(Kd¥, wmply with Ihe WMtniin8 quireJncn15 of SwiioTh$ 394 and.195 of Ibe Cumpanic5 Aci 2(XVJ 4nd wilh the r￿lhOd% and prin¢iplc5 nf ihe .Si*iemtTrl of Rc¢omffKndLd Pwxiice.. A¢¢o¥niinB and Reportin8 by Chariiit% IFRS 102) leffertivt l 201.51. have nor been mei.. or 121 io which. in my Dpininn. ai*niion should be drawn in order ￿ ¢nabl¢ i propcr undeN*ndinK of ih¢ ounis its be S)nicin JohnsiL>n ACA FCCA Nqacktnties C.Iiafiercd A¢counianis I lthngley (Dun Pvle Sireei Ntrww>n Isle of Wighl P03n i LA Daied.. Pagc 3 ISLE OF WIGHT MENCAP STATEMENT OF FINANCIAL ACTIVITES FOR THTr: YF.AR ENDED 31 MARLH 2024 2024 2024 Total fuThls 2023 Total funds Unrtstritled Restwirted INCOMING RESOVRCF Ineomln% resourcts from gtntrated fuDd5 Donaii0Th4 and gift$ Gratsis A('liviriesJiJr generuiinxfuiidx Shop iD¢ome Inve4imeni inLome and inieresi Reni & minit*]$ incom¢ Fund rai%ing 5.1$2 5.152 19.•38 19,938 11063 14.611 4.792 14.611 4.792 1SJ26 3,797 Incon￿n# resovrces froth t￿nIable a¢t6vlths Fees Jnd ionirail*- Haylands F*rm Farm Sales 386.929 41.623 38&929 41.6LI 310298 21.8LI Totsl Incomln8 r¢s0￿r￿S 473.057 473,057 370J57 RESOURCES EXPENDED Cost of Rth¢ratlni furAts Co%1 (Jf fund rai.4ing Iradin Ch4rllgbl* Adlvl¢ks HaylJnd% Farm DonJiion* Cpovern*nt¢ costs 27J 27MI 19,232 395168 347,499 100 6.061 6J78 TolAI r¢sources exptnded 429.786 429,786 373.492 NF.T INCOMINCp RESOURCES BEFORE OTIIF.R RECI)C.YISED C.AINSRLO&SES 43271 43271 (1935) Other re¢oRnlsed g8ln>n0ts*5 G4inlllosbl on revaluaiioTr of ttiveslrn¢n 11.928 lJ.928 13.783 1 NET MOVEMENT IN FUNDS 55.199 55.199 10.718 1 RECONLILIATJON OF FiINDS Tolal fut)d% bT(W8hi forward lJ91.075 lJ92,1)75 lJ97.793 Totsl fknnds carr1￿ forwanl 1.4M6274 1.446.274 -19J.Ib75 Page 4 ISLE OF WIGHT MENCAP BALANCE SHEET AS AT 31 MARCH 2024 2024 UDres¢rkttd fuDds 2023 Unrestricied funds FIXF.D ASSETS TangJbl¢ a4scis Investn￿￿[.5 Notes 699.506 91,753 684.422 79,824 79A259 CURRENT ASSETS Sio¢k Debiors Cash ai bank and in hand 764246 19.493 26,632 J2.436 598JS5 632.139 665.998 637.&23 LREDITORS Am()unis falling due ID one year (10,983 1 110.794 NET CURRF.NT ASSTr.TS 655.1115 626.829 NET ASSETS 1.446,274 1,391.075 UNRL%TRICTED FUNDS General fund Invesimeni fund IJ54381 91,993 iJii,oio 80.IJ65 TOTAI. FUNDS 1.446274 A.391.075 Pagc 5 ISLE OF WIGHT MENCAP BALANCE SHEET- CONTINUED AS AT 31 MARCH 2024 Th¢ ¢hdTitable comwdtly i5 entitled io exemwion from a￿411 under Sechon 477 of the Compdntes Aci 2006 for the year ended 31 MarLh 2024. The rnembers have required the charitable company io olmain an audii of iLS financial sta*rnents for the year ended 31 March 2024 in acLordance with Section 476 of the Companies Aci 2(Kkn. Th¢ iru51ees acknowl¢dgc their reswnsibililies for Idl ens￿TIftg ihai ihe tharilablc company ke¢p$ a¢couniin8 r¢¢ords thal comply with Seciions 386 and 387 of Ihe Cornpani¢s A¢1 2(MK> and preparing fioarKiaJ siaierntnis whtch give a true and fair view of the $¢ate of affairs of ihe charitable company Js ai the C￿1 of ea¢h financial year and of ils surpllts or deficii for e&¢h financidl year in accordance wilh the requirements of Se¢tion$ 394 al￿ 395 and which otherwise comply with the r¢quiremenl.% of Iht Companie5 Aci 2￿ ￿]￿ling lo finwial StateTh￿niS. $0 far as applicable to the chan'iablc company. The%e fjndniial ¥talcmcThis have been prepared ID a¢c¢xdwKe with the special pn)visioThs of Part 15 of ihe Companieb Aci 2006 rel#iin8 lo small Ch￿ilable Comp9n￿$. The flnancial slaiemenls were approved by the Bohrd of Tntsi¢e$ ots Lts behalf by.. .1.15 and were 518ned on Miss L Lumpon TTu&iee - T￿aS￿ret Page 6 ISLE OF WIGHT MENCAP NOTES TO THE FINANCIAL STA TEMENTS FOR THF. YEAR ENDED 31 hfARCH 2024 ALL()i￿[NG POLICIL The financi￿ 5tat¢men15 havc been PTep3red uth the hi51trKal CO￿ C￿¥￿11￿. and in *¢¢¢Kdance wtih ihe Fina￿111 Reporting Standard fw Smaller Eniiries leffcctsve Apnl ll￿81. thc CIKnpanies Aci 2(x￿ and the rc4UiTetncn15 rf t Siaiemenl of Recommended Pra¢ti¢t.' AcrtyJntl￿g and Rtm"ng by ChariEie5 IFMS 102) {effe¢iivt l January ?0151. All Incoming resiMLTC¢S ayt in¢lu&d OD rhe Staiemcni of Financi￿ Artiviiiu wh¢n the rhrily 1$ legally enliiled ro th¢ ijxumt and rhe amount C4n b¢ 4Udniified with rca50nabk ¥¢wMy. Rtwurres exptnded Expendiiure 1% a¢counied fc* ￿51$ h&* been cl￿SIr￿d w¥kn￿1n￿ thai 188Tega* all cosi r¢la*d ¢0 the caiegory. Whtr¢ cr&%t* ¢anw bt th"Tccdy ailribu￿ w p￿•¢¥1¥ train85 ily hv¢ been a]l(taied io acliviries on a basi.% Loftsi&ieni wilh the usc olrtsour¢e5. T•nzlblt nxed 4Mets Depreciatsoth i* wov*d ai following rlics ID dfeaetL 1$5d over ils ¢siimaied useful life. TraLtor and vehi¢le% Compute (hh¢i plani and maclLinery c￿. FJrm buildin85 F4rm buildin8 improv¢v*ni$, fixiure5 thd fitriny rf¢. Frechold Prq)orty & ImpTOVtrn￿5 . 20* rtdLKin8 b•1 . 2(PTh red￿1￿$ ￿11Th¢e - IO% rtducing b¥l*Ke - rcducin8 b4l•n¢e - Ttdu¢in8 b41wKe T•xatlu Th¢ chariiy is exempt (Tom its ttrwithbl¢ iriiiryiit& Fund Arrounl1tt1 Unre.4irJcicd fund% ratj be ￿ in wilh the ¢P￿rItable thiccEiV¢S ￿ the dio¢Mion of the VU$￿*. Resirieied can ￿lY k used (or pmÉcul*r Miricwl within tk (**iecr% of ¢h•riiy. Resiricliotk5 *riY when spe¢ificd by Ehc d(XLor ff when are raised fw p•ni¢ular T¢￿ri¢￿d PUQMPSCS. I￿ring Ihe ye￿% endtd 3151 March 20?4 dnd 315L March YO?3 Ehere were no re51ricied lutKIs. NET INCOMINfJltoirrrJOING RFSOURCFS 2024 23 Ncl resources ure si#i¢d ufter eknwnpJlcrcditiTh8)'. LkprecIati￿. owned 15ythS 37.489 TANGJBLF. VIXF.D ￿ETs See the tsblt on pa8¢ 111 o(Ihe #Atrrr*DIS. ISLE OF WIGHT MENCAP NOTES TO THE FINANCIAL sTATE￿IENTs - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 iTrtVLSTMENTS 2023 Mdrkei value Isi Awil AddiiJon% Dispi%&l$ Ne¢ unre*ltsed investh*ni Iwsesl8ainS 79J 11.928 14,024 ) Mthrkrt Wal￿¢ ai 3lsi Marth 2024 9J,7SJ ?9￿14 2024 2O2J DEBTORS Furm debrors 12.436 14J66 12,436 CA.SH AT BANK AND IN HAND Cash ai bank Cash in hand 6Jl.052 I.OB7 $91.843 6.712 6JlJ39 59HJ55 Cuh •1 bwnk CIO FIAylJnd* F*rm At¢owii ntral bank ￿¢0￿￿1 M¢ii¢Jp sjwp ￿cOUnt CJrd Jcctyjfii $94M12 8305 27541 541.959 13,760 J5,920 I.OS2 591.143 C￿h In hAnd 718 6J59 353 Shop 4711 Page 8 ISLE OF WIGHT MENCAP NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2024 23 CREDITORS: AMOIINTJ FALLINC. DUE IN ONE YEAR CrtdilLYb- Hayland% Forn? Acctual. acc￿￿ta￿VY Ond inde￿n￿nI examiDari 7.911 7.734 10.98J 10.794 MOVEMENT IN TrWNDS At IM Aprll 202J Al 3181 M4reb 21124 fibnds UnrtstAded tunth GEneral lund Inve%tnwnt fund 1.31J.01 4J27J 11.928 lJ54281 91.99J MTAL FUNDS lJ91.075 55.199 Ncl zrM)v¢ment in inCl￿dEd in ihe alKsv¢ follows." Pfff41¢ Tr¥Thrfer rev￿￿*1￿￿ JJKomln% Rtsourcu be¢wten F.xpend¢d Funds knwe5tn Movempnl ID funds Unresirlcltd funth CJenerJl fund Invesim¢nE fund 471057 1419.786 1 43271 11.428 11.928 TOTAL FtINDS 473.057 1429.786 1 11.92¥ 55,19 Pa8e 9 ISLE OF WIGHT MENCAP NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 TAWGIBI.k nxED ASSETS Fl Prwny Cr•ft Tol•l Ai 131 April ?023 Addiii4Jn% D15p)%al% 1211Jll 774m• 23,111 i+K179 1.7J5 .73J 7k) JA53 .IW.717 J7.T34 Ai 3151 March 2024 121722 797Jii J•7J14 95JiJ 3.65J J.J57I61 Deprtti4lion Ai 151 April ?023 $7.183 6J54 216J94 45J9J JJ27 416J05 42,051 AL 3 ISL Mwch 2024 6J.7J7 237J79 .1 551 IJ 17m 458J56 Nel b￿k valu AE l%1 April 2023 61.%59 557.79h 31U52 11.784 th14.4?* Ai 31 %t Marth 2024 5& $59.932 781 39JSS iiJu 699JL Page 10 ISLE OF WIGHT MENCAP INCOME & EXPENDITURE ACCOUNT GENERAL ACCOUNT FOR THE YEAR ENDED 31 MARLH 2024 2024 2023 INCQNIING RE.4nURCES Incoming r¢sourfes from gtneraled funds Voliipiian, imcoine Donations 2.835 Total Ineomlng resou￿¢$ 2,835 1,464 RESOURCLS kXPENDFD CharitMbl¢ A¢llvltles Donation5 Haylands suppon Governunce c(P5ts Priniing. glaii(Trnery. pnslage and adv¢rti$inB ALcounianLy Wehsiic In¥uriince Travel and.8ubsistence Sundrie.% ikpreLialLOn.' office equiprr¢ni 100 3.120 3.61)0 2,157 1,470 303 lJ88 Tolal resources expended 6J78 6.761 Nei In¢nme I lexpendleur¢l 13.743 1 152971 Pagell ISLE OF WIGHT MENCAP INCOME & EXPENDITURE ACCOUNT INVESTMENT FUND FOR THE I'EAR F.Tr4DED 31 NIARCH 2024 2024 2014 INLUMING RWURC'.LS Intumini reSoU￿e$ trom gener¥ted funds Aciivifies J