Compatly registration ttymber. CE038395 Ch8rÈty rtgistration nwnber.. 1211189 Worthing Mencap Society IA company limited by share c&pitsll Annual Rew¢ atid Financiaj Slatements for the P¢Tiod from 29 Novcmber 2024 to 30 September 2025 Bolden & In8 36a Goring Road Joring-by-S¢M Worthing West Sussex BN124AD
Worthing MeDcap Society Contents Reference and Adminisrrative Details Trustees, R¢port 2to4 Independent ExamiEhees Report Statement of Financial Acttviiies Balan¢e Sheet 7t08 Not¢$ io the FirwiGial Statements 9t021
Worthing Meneap Society Referenee and Administrative Details Ch¥irrnAn Elizabeth Mary Crockett ChTity RegistrAtion Number Company Registration Number 038395 Rgl$t¢rtil Offite Buddys Cafe 121 South Forn) Rood Worthing West Suss¢x BN14 7AX Independent Ex%mintr Bolden & Long 36a Goring Rtsod Goring-by-sea Worthing West Su55¢X BN124AD Aceount4Dts Bolden & Long 36a Goring Road Goriiig-by-sea Worthing West Sussex BN124AD Page I
Worthing Mencap Society Trustees, Report The IS(ee5, who a diredor5 for the purposes of company law, present the atsnua] reFrf)rt tO8her with the fIanCial statements of the ¢haritsble company for the period ended 30 Sepi¢mber 2025. Objectives and *¢¢ivitles Public benefit Our purpose is to ¢hampion the rights and provide support to peopl¢ wlth disabilitj¢5. pfkTnarily those with a learning disability or autism and ih¢ir famili¢5. carers and suprM)rters. Th¢ charit), has contiJ)u¢d to develop and provide $¢rvi¢es to over 1000 people in the Worthin& Adur & Arun distri¢ts. The trustees confjmi thai they hav¢ complied wirh the reqlltrements of section 17 of th¢ Charitie5 Act 2011 to have due regard to the public benefit guid¢¢ published by the Charity Commission for England and Wa]e5. Finwnrial review Worthing Mencap converted from s regi$t¢Ted charity to a Charitsbl¢ Inwrpordted Or8anisation ICIOI in November ?024 and beLam¢ opcrational iii April 2025. Itt order to improve in£otn¢ 5tTeams and ensure fuwre S$Tnabl7ity we purch&sed ncw shop premises. lo¢al to our existin¥ ¢afe charity shop. This was fvnded by use of surplus re$¢rve5 from a legaey, bank loans and & grant. The second Shop was opet)¢d irt Jun¢ 2025 5ppleMentln8 our incom¢. However. ity addition to rising inflation, the agso¢ia¢ed legal. professional. refttrbishment and sel up costs were all absorbed in this period re5ultin8 in an operational loss. We have contÈnued io getheiate our funding thro8h Buddy's café. the new And existing charity shops And fundraising activities. We hav¢ also Tec¢ived funding from lo¢al authorities and grant fifftding organi5aiiot)s. The eharity i5 dependent on our dedicated staff and volunteers Mtho pas$ion#tely work hard and ore the driving force behind our success. The Twsttt5 brlieve tliat our fuwre pl$ wll ensure that we tontinuc to s¢rve our comtTrunity in the be$t Way P055ible to empower peopl¢ with learning di5abilitte$. In May 2025 we rtteiv¢d r¢cognition of the impact of our work with the award for Worthing ¢haTity of the year. The Trusiees anticipat¢ a fvture period of stability whil¢ adjusling io the challenge of increased drrnand for OUT s¢Mc¢s. whi15t faced with pressllres of increased costs and restrirtion5 on governmettt funding. Pollry on pe5erve5 The charity ¢ontinues to enjoy a positiort of financial Stability and s¥ffici¢nt reserves are held so as to ensure the continuity of serviccs for a period up LO thr¢¢ months in thc eveni of a loss of currenl 50urc¢s of incorne. The trustees are confident ol'the fvthJr¢ funding of the charity and beli¢ve that the current lev¢1 of r¢s¢r¥es will enabl¢ Worthing MetKap io tske advantage of any new opptsrtuniti¢5. Trustees alld offJ¢eT5 The trustees and offi¢eTS serving durin8 the year a[ sirtcc Ihe year end We as follows.. Pa8e 2
Wortbing Mencap Society Trustees, Report TTUStecs'. David Allison Smith. Vice Chair Lisa Donl Shireen Hannam Janet Williamso Ann BotJghton-L¢igh Cara Croke Christine Newton Rona DeNiese Chairfftan.. Elizab¢th Nlary Crockett Structure. governAnct gnd mattagement FiDAnciil instrumtttts Objtclives ondpolid The charity's activities expos¢ it IQ h nurnber of financial risk5 in¢luding credit risl cash tlow risk and liquidity risk. The use of finan¢ial d¢TivatlV¢5 15 governed by th¢ charity's policies 8pproved by the board of mJstee$. which provide written princip1¢5 on the use of financial derivaiiv¢s to rnanage these risks. Th¢ chartty does not us¢ derivativ¢ financial iTh5truments for speculaiive purpose5. Cushflow risk The charity's aciiMtie5 expose it primarilj to the financiAI risk5 of changes in foreign currency exchange rates Ind inlerest rates. The charity u5e5 foT¢ign exch8n8e fotward tovtra¢ts and interest rate swap contracts to hed8e these exposures. Int¢resi bearing asxts and liabiliiies are held at fixed ratc to ensure certainty of cash flow5. Cie411 ri516 The charity's prin¢ipaJ financial asseL6 are bank bolath¢es Ar cath. trade and other Te¢eivable5. and itkvesttnethts. The cliarity's credit rtsk Js PTimarily attributable to its trade rec¢¥vables. The amounts presentcd in rh¢ balance sheei 3r¢ net of allowances for doubtful Ter¢ivabl¢s. ATh allowance for Impairnient 15 made where th¢T¢ i5 an ideThtifJed loss eveni which. based on Previou5 experience. is ¢videnr¢ of a reduction in the r¢¢ov¢rability of the c8sh flow5. Th¢ ¢T¢dit risk on liquid funds and derivativ¢ financial insm]ments is limited bcc8u5e the eounierparties are bartks with liigh credit-ratings assigned by international credii•raling ag¢ncies. The charity no $ignifi¢Artl cotlcentration of ¢redit risk, with exp05ur¢ spread over a large Thwnbey of ¢ou*t¢rparties and customers. LiquiAlity risk In order to maittsin liquidity io ensure that suffieient fi)d$ available for ongoing opcrdti0Th5 and fumre developments. the charity uses a mixture of long-t¢rn) and shon4enn debt finance. Further d¢thils regarding liquidity risk Can b¢ found in the Staiemeni of accounting rM>li¢i¢s in the financial sratements. P88¢ 3
Worthing Mencap Soeiety Trustees, Report St#t¢ment of trustee5' responsibililie5 Th¢ trustees (who are also the directors of Worthin8 Men¢op Society for the purposes of company law} are responsibl¢ for PT¢paTing the ISte¢s, port and the flnancial statements in a¢¢ordaDc¢ wth applicable law and UThiied Kingdom .4ccounting Standards Iuniled kingdorn Generdlly Accepred Accounting Pra¢ti¢e}. including FRS 102 "Th¢ Finan¢ial R¢wrting StandaTd applicable in the UK and Republic of Ireland". The report and accounts have been prepared in &ccordance with the provisions in the Comp8ni¢5 Act 2006 rclating io small compathie5. Company low requires the tru5te¢5 to prepare financi&l statements for e8¢h finan¢¥al period. Und¢r company IBW the trustees musi t)ot apptove the firtart¢ial stgt¢m¢nis unless they are 5alisfied thai they give a true And foir vi¢w of the stste of affairs of the charitsble company at)d of the incoming resourccs and application of resources, including its iD¢otn¢ and expcnditure. of the charitable company for that period. In preparing these financial statements. the Irustees are Teouired to.. select suitttble a¢¢ounting p)Ii¢ic5 and apply them c0Tr51Stentty: observe the method$ and prithcipl¢s in the Clthriti¢s SORP: make judgements and estimates that 8re re&8oThabl¢ w)d pn¢(., state wheth¢r Jpplicablc accounting standards, comprising FRS 102 hav¢ been followd, 5ubjegt to any material d¢p&rDJres disclosed and explattled it) the fjnaneial stai¢m¢nts- PT¢par¢ thc financial staiemen15 on the 80in8 concem b&si8 unless li is inappropriate to presume th81 th¢ charitable complny wll ¢oDtiny¢ ID bu5jiie55. The trustees are responsible for keeping proper accounting r¢wrd5 that can disclose wÉth re&sonable 8¢¢TaCY Ot Hny time the financial position of the charitable company and enable th¢m to ¢nsuT¢ that th¢ financial statements comply with the Compani¢s Ad 2006. 'fh¢y are also responsible for Safeguarding the of th¢ charitsbl¢ company and hence for tsking reasonable step$ for the prevention ond d¢lertioTr of fraud and other irregulariue$. The tru51¢es are responsible for the mainnance and InteIty of the ¢orp)rat¢ and financial informarion included o the ¢harit¥blr ¢omp3rLy'S website. Legi51aiion governing the preparation and diss¢tninaiÈon of financial 5taremeThts may diffcr from l¢gi51aiion in other jurisdiction$. Sm*ll eompAnles provl$ioD $t8temtnt This report br¢D prcparrd in accordance wth the 5moll companie5 regim¢ vnderthe Companie5 Act 2006. The annual report was approved by th¢ tws¢¢¢s of the chlty on 21 May 2026 and 5ign¢d on its behalf by.. . &c(dr. Elizakth Mary Crock¢ Chaimwi Lisa Donl¢vy Trust¢¢ Page 4
Worthing Mencap Society Ind¢pendent Examkner'8 Report to the trusteo of Wortbing Mene4p Society Cth¢ Company,) 2025. Rupowlbflltlc4 and b8Jb of As the ¢harity's trusiees of the CoJJJpw (4Th1 alw its directh for the pwp08¢5 of law) you Twible forthr prrw1ti0fthE accouNs in ac¢fjrdm with thE Tequrnwts of the Compltiies Ad 2(N)6 ('thÈ 2006 A¢t'). Ha%ryD8 Satisfi mys¢lf that the accounts of the Compglly are not rcquir¢d to be 8uditsJ uod¥ Pmt 16 of th¢ 26 Act and are eti8ible for ithp¢n&nt aMInatior4 1 report in rett of my exatlliDatson of yow tbority'$ accounts ¢arri¢d out under sectiotl 145 of the Chariti¢S A¢[ 201 I {'the 2011 A.). Ill my exJtninth I bav¢ followrd th¢ Dire105 givcE by the Charity CommilOn Wmkr se&ion 145(5Xb) of th¢ 2011 A41. IndependeDt ezAmlner'4 it•t¢meAi 21MJ6 Ac(. or 3. th¢ 8t¢05 do ttot cottlply with the CoUting requÉrern¢nts of sea)n 396 of thE 21N)6 Ad LthET than any (FRS 102)]. ould b¢ drawn Tn this rwrt in order to ujable aprwwerStattdltig of the to b¢r¢*th. 368 GoritigRo GoriDg.by.Sea Wo]thin8 West Susxx BN12 4AD 22 MAY W26
Worthing Mencap Society Statement of Financial Activities for the Period from 29 November 2024 to 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recogni5ed Gains 4nd L(se$) Ilnre5tricted fund5 Total 2025 Note Income ind Endowmtnts froth: Donations and legaties Other trading a¢tiviti¢s Investtnent income 119.191 74.802 6.196 74.802 6,196 Total income 220,189 220.189 Lxpcnditure on: Raising fund5 Charitabl¢ adivitLCS 137,7431 1230,6811 137.7431 1230.6811 Total expenditure Net expenditure Transfers b¢tw¢¢n fund5 1768.4241 (268.4241 148.2351 344.108 148.2351 344.108 Net movement in funds 295,873 295,873 Reeotttili*¢iots of ftynd5 Totsl furtd5 carried forvdrd 20 295.873 295.873 All of the ¢h4rity'$ 8¢tiYiiies derive from continuing operations during the above PEriOd. The ttotes on pages 9 21 form an sntegral part of these finan¢ial 51atemethts. Pa8¢ 6
Worthing Mencp Society {Registr8tion number: CF.038395) Balance Sheet as Mt 30 September 2025 2025 Note Fixed a55ets Tangible L$ss 13 362,165 Current Issets Debtors Cash 8¢ bank and ith hand 14 15 685 99.453 l(M>,138 Creditors.. Athotsttts flllng due within one yeAr 16 130,5721 Ntt turrent t5 69,566 Totsl a55ets less Current lilbilities 431.731 Creditor5: Amounts falling due xfter more than one year Ntt •5Stt$ 17 1135.858 295.873 Fund$ of tb¢ ¢hrlty- Unrestricled income funds Unrestri¢t¢d fund5 295.873 Total fllnds 20 295,873 For the fina#¢ial period ¢ndin¥ .10 S¢ptetnbcr 2025 the charity w&$ eThtided to ex¢mNion from audit wider section 477 of th¢ Companies Act 2006 relating to small ¢omp&thies. DiJ%ciors' r¢sw)n$ibilili¢s'. The members haw¢ not r¢quir¢d the charity to obtain an audii of its 4c¢oun¢S for thc period in que51ion aecord8n¢e wilh s¢¢tion 476; and The directors acknow'ledge their r¢sponsibilities for romplykng with the requirements of th¢ A¢t respect to a¢¢ouniing rordS and the preparation of accounts. The5c financÈal statements have been prepared in accord8n¢¢ with th¢ 5pccial provisions relaiing companics subjert to th¢ smH]I companies regime within Part IS of the Companie$ Ad 2(rf)6. The note5 on pages 9 to 21 fonn an inie8ral part of these financial ststements. Pag¢ 7
Worthihg Mencap Society (Registration number: CE038395) Balance Sheet as at 30 September 2025 The financi stai¢rn¢nts on pages 6 kn 21 were approved by the trusi¢¢s, and authori5ed for issue on 21 May 2026 and $ied on their behalf by- Elixabeth Mary Crock¢tt Chaimiart Lisa D Trust¢¢ The t)ot¢s pAges 9 to 21 forn an integral part of thes¢ fjnancial statements. Page 8
Worthing Mencap Society Notes to the Financial Statements for the Period from 29 November 2024 to 30 September 2025 I Charity ststus The charity 15 limited by share capital. incorporated in. Thc addrcss of its r¢gi5tered offirc i5.. Buddys Cafe 121 South Famj Koad Worthitsg West Sussex BN147AX These financial statements were authorised for issue by the wst¢e$ on 21 May 2026. 2 Accounting policies Summar) of 5ignificint accounting poli¢ie5 and key accounting estimgtes The principal accounting policies applied in the preparation of these financial statements sre srf out below. These policies have been consisienily applied 10 all the years preseni¢d. un1¢55 otherwise stated. Stitemtnt of tomplignce The fjnancial ststements have b¢¢n prepared in a¢¢ordan¢¢ with A¢wuntinB and Reportin8 by Ch8rities.- Sthiem¢Tht of Rccommended Prdctice (applicable to charities preparin8 their actounts in A¢¢OTdanr¢ wth the Financial R¢porting StothdaTd appli¢able th¢ UK and Rcpublic of Ireland IFRS 10211 Iis5ued in (ktob¢r 20191- Icharities SORP IFRS 10211. the Fin8n¢iai Reportit)g Ststhdard applicable in the UK and Republic of Ireland IFRS 1021 Jnd th¢ CompJni¢5 Ari 2006. Bsis tsf preprAtio Wonhing Mencap Societj. meets the definition of a public knefit entity under FRS 102. Assets and liabilitits ar¢ initially recogTrised at historical cost OT transaction v81ue unless otherwis¢ stri¢d in th¢ rclevant accouniing policy les. Goitsg eonrtrn The tTU51er5 COll5id¢r thai iherc are no material uncertainties about the chariry's ability ¢0 ¢ontinu¢ going concern nor any $i8nificani ar¢&8 of vn¢ertainty that affe¢1 th¢ ¢aTrying value of 355ets held by the Chlty. Income 8nd endowments All income is recognised once the charity has entitlement to th¢ incornc. it is probable th&¢ the Étscom¢ wll be r¢ceiwed ¥nd the a¥nount of the income receivable can be me&suTed reliably. Pa8e 9
Wortbing Meneap Society Notes to the Financial Statements for the Period from 29 November 2024 to 30 September 2025 Donrlliotts 41ndleg&riÉ Donatjons are reco¥rtised then the ¢hority has bccn notified in writing of both the amount and settlem¢nt datc. In the event that a donation is subject to conditions that requjre 8 level of rforManCe by the charity before the ch8rity is eniitld io thc funds, the income is deferred and not recognised until either ihos¢ conditions ar¢ fully met. or the Ifilmeni of thos¢ ¢onditions is wholly within the conirol of the charÉry and it is probabl¢ thai these ¢ondition5 will be fvifjlled in the r¢kx)rting riod. Grnts reeelvqble Grants are T¢cogniscd when the charity h85 an enriilemeni to the fund$ 8nd any conditions linked io the 8fdnts have been mei. Where perfomianLe Londiiiuns ar¢ attaLhd io the grani and are yer be mei. th¢ ini¢)m¢ is recogThi5ed as a liability and iTheluded on the ba18n¢e shed as deferred ITme to be rcleased. Delerredlncome Deferred income represents amounts received for future periods and is r¢lca5ed ro ine4)min8 resource$ in the period for which. it has been rcceived. Such income ts only deferr¢d when.. The donor specifte$ thai the grnni or donation must only be used in fuDJre accounting periods,. or The donor h&s imposed conditions which must be met b¢foT¢ thc charity ha5 unconditional enLltlem¢ni. Donaled5ervices undlariliiie Wh¢rt 5ervice5 or facilities are provsded to the charity gs a donaiion that would norn)aily be pur¢has¢d from our supplt¢rs. Ihis b¢D¢fit l5 includ¢d in the financial statements ai it's fair valu¢ unles$ it's fair value cannot be reliably me&siired. then at the cost to the donor or the Tesal¢ valuE of good5 thai are to be sold. IVlent income DivideThds are reco8nised once the dividend h&8 been de¢lar¢d and notificatiotk h&% been received of the dividend due. Expenditure All expenditure is r¢¢ognised onG¢ th¢r¢ is a legal or constructiv¢ oblig81ion io that expcnditure. it is pmbable settlemeTht 15 required and the amount c8n be m¢25ured r¢liably. All costs are allocated to the opplicable exp¢nditure headin Ihdt aggregate Similar costs to thar category. Wher¢ ¢o5ts cannot be direcrly attributed io particul headings they hav¢ b¢¢n allorated on a basis con51Stent with the use of rey>urc¢s, with ccntral staff costs allocated the basis of time spent. and d¢preciaiio¢h ¢har8es allad OTh the portion of the at'S us¢. Other support costs are allocated based on the spread of staff costs. RtTi$ifv¥f4nds The5¢ ar¢ costs tnrurred Én attractin8 voluntRry iDcom¢, the management of investments •t)d those incurred tn trading a¢i¢vities that raise funds. Charilqble ¢Tclivilie5 Ch3ritabl¢ cxpenditurc cornpris¢5 those costs incurred by the ¢harity' in the dclivery of its activiii¢$ ar)d servi¢es for tts benefici8rie5. It includes both rosts thot can be allocated direcd). to such 8¢tiVlties and those costs of an indir¢a rhature necessary to supp)rt them. Page 10
Worthing Mencap Society Notes to the Fingneial Statements for the Period from 29 November 2024 to 30 September 2025 Coveroo¢e eosts These in¢lude the costs attributable io th¢ ¢harity's compliance with constitutioThal and statutory requirements. including audii strategic management and truste¢$ meetings and reimbursed expenses. GovernmeDt #rxrtts Govemmeni [1$ ar¢ recognised based on the atrrual Tnod¢l and are measured at the fair value of the asset rcceived or receivable. Grnnts arc cla55ified &s relating either 10 revenue or io &ssets. Grants relating to r¢venue are recognis in income over ihe period in which th¢ related costs ar¢ recognised. Grants relating 10 a$5¢ts Bre recognised over the exp¢ci¢d useful life of the asset. Wh¢r¢ part of a grani relatittg to an asset 15 deferred, 1¢ is recognised as deferred income. Taxgtio The charity is ¢oNsidered io pa55 the tests sel oui in PATagraph I Schedule 6 of th¢ Finance Act 2010 and therefore il meets the definition of o ¢haTithbl¢ company for LK corporntion tax purposes. Accordingly, the charity is potentially ex¢¥npt from taxation in respeci of incoTne OT Capital gains received within calegories covered by Ch8pl¢r .1 Part I of the Corw>raiion Tax Ac¢ 2010 or Seetion 256 of the Taxation of Char8eabl¢ Gains Act 1992. to the ¢xtent that such income or 8ains are applied ¢xclu5ivcly to charitable purposes. T4nKible fixed assets Individual fixed assets costing £O.DO or morc arc initialty recorded at C05L Icss aTry sub$¢qu¢nt thccumutated deptiatIOn and 5ubsCqnt accumulated impairment 1055eS. DeprE¢iition and 8ThortL4tion DepreLiaiitsn 15 pnividcd nn thngible fixed &ssets so to writc off the cost or valuation, Ic55 any estimated residu81 va]u¢. ovcrthcir expected Itfi1] ¢¢onomic lif¢ a5 follows: Trde debtors Trade debtors are amounts due frnm customers for MerChndI5e 501d or servites perforned Én the ordinary wurse of busines5. TTad¢ debiors are reeogt%is¢d initially at the transaction pri¢¢. Thcy are subsequetstly measured al amortIs ¢ost using the effective interest method. 1¢5$ pfovLSiOn for impairn)ent. A provision for the impaiTm¢nt of trade debtot3 is establishd when there is objeciiv¢ evidrnre that the charity will b¢ able lo collect all amounts due accordin8 to the ori8inal i¢Tm$ of ihe receivableB. Cash xnd cash equlvlents C&sh and cash t9iv3Cnts comprise cash on hand and rall d¢sIts. and other short-term hi8hly IiqLtid iNve5tments that arc Teadily convertible to a knowth aTuTrt of c&sh and are subject to an insignificani risk of change in value. Pagell
Worthing MeDcap Society Notes tfj the Finanei*l Statements for the Period from 29 November 2024 to 30 September 2025 Btsrrowing5 InoT¢SI-bearing bom?wings are initially recorded at fair value. nei of transadion o$ts. Int¢Tesl-beaTSng borTowings are subsequently carried at amortised CQSL with the differcnce bcen the proceeds, n¢1 oftransi¢tiQn Costs. and the amount duc on redemption being reco8nised &8 a ch8r8e lo th¢ Siatem¢nt Of Financial ActLVltie5 over the period of the relevani borrowing. Interest expense is r¢¢o8nis¢d on the basis of thc cffcctive interest method and is in¢lud¢d irb terest payable and similar charges. Bom)wTrg$ #te ¢la$5ifi¢d 45 CUTrent liabiltlie5 unlc55 the chariry h&$ an uneondiiional right to def¢T settlcmcnt of the liability for at le8St Thv¢lv¢ months aller thc reporting date. Foreign exchgllge Transactions In fOTel Currencics Are r¢ctsrded at the rate of exchange at the date of th¢ trnThs#¢tion. Monetary assets and liabilities denominated in foreign currenci¢s at the ba]onE¢ shect date are rewrted at the rates of ¢x¢hange prevailing ai thot dale. The results of oversea5 operarions are translated at the av¢r8ge rntes of exeharkge during the period and their balance sh¢¢ts al the rates ruling al th¢ balance sheet date. Exchange diff¢Tenc¢s arisiThg on tratkslation of the op¢ning net a55eis and resylts of ov¢rs¢)s opern¢ion5 are reported in other comprehertsiv¢ it)¢ome and o¢cumulBted in equity (attributed io rK>N-conm)Ilin8 Interests as approptiatel. oiher exchange diff¢renG¢s ar¢ Trcogni5¢d in the Staiemen¢ of Financial Activities in the period in which they arise except for.. I l exchange differences on transaction5 entered In to hedge ¢enwn for¢ign currency risks Isee above): 2} cxchaThge difference5 ariskn8 on 8ains or losses on non-monetary item5 Mthich are rewgnised rn other eomprehensive irt¢ome,' and 31 in the case of the consolidated fin8llCi81 siatements. exchange differences on monet8ry items receivable from or payabl¢ to a foreign operation for which settlement is neither plann¢d nor Itkely to occur Itherefor¢ fomiing part of the nel investsneni in the for¢ign OP¢Tationl. wtsich are reco8nised in other ¢ompr¢hcnsive income and reported undcr ¢qutty. Fund structure unStriCted income funds are Reneral thft¢ ar¢ avoilable for use &t the trustees dis¢Yetion in furtherance of the obj¢¢tiv¢5 Of th¢ charity. Page 12
Worthing Meneap Society Notes to the Fin¥n¢ial Statements for the Period from 29 November 2024 to 30 September 2025 Pension5 and other post retir¢m¢nt obliyiion$ The charity operates a defined ¢on¢ribulitsn pension s¢heJne which 15 a pension plan under which fixed ¢ontributions are paid into a pension fund and ihe ¢h8rity has no legol or ron51ructive obligation to pay further totlbul10ns even if the fund does not IM)Id sufficient assets to pay all ¢mploye¢s the b¢n¢fits relating to employee $ervice in the ¢urrcnt and prior periods. Contributions w defitted ¢ontribulion plans aT¢ recogniscd in the Statement of Financial A¢tivi¢i¢s wh¢n they are dut. If contribution payments exceed the contribution due for $¢rvi¢¢, thc exc¢5s is recognised a prepayment. Financial in5trumeDts Classificallo Financia] &ssets and financi21 liabilities we r¢¢ogt)ised when the charity becomes a party io the ¢ontrncftt provisions of the insinimeni. Financial liabilitlC5 and equity insirumenls are classified according to the 5yb5taThr¢ of the contractual anngements entered into. An equity instrum¢nt 1$ any ¢ontracl thal evidences a residual interest in th¢ a$s¢ts of th¢ charity after deducting all of its liabilitie5. Recognili04Y me All financial assets and liabilities are inkli&lly Meured at IrtOS8¢tion price lincluding transaction costs), excepi for those financial a$s¢ts cl)ssifird Js It fair valv¢ through Profit or loss, which are iniiially M¢ud at fair value (which is noThally the Iransaciion price excluding transaction tostsl, unle55 Ihe arrdngemeni consiituies a financing transaeliort. If an JrTangcm¢nt ronstitutcs a financing trdn5aciÉon. the ftt)ancial ass¢t OT finAncial liability is me&8ured at the present VAlue of the firture payments dis¢ounted al & market rate of interest foi & similar debt instrurnent. Financial 8ssets and liabiliti¢$ are only off5el in the ststement of financial position whett. only when there eSL8 a l¢gally enforceable right 10 set off the r¢cogrtised amounts and the charity intends either s¢ttle on a net basi5, or to r¢alise the a55ei and sertle the liabtlity 5imulianeously. Financial assets are derecognised when only when al th¢ conlTacDJal Tights 10 the e•sh flows froTn thc financial assei expire or ar¢ 5¢tt1¢d. bl the ch&rity transfers to another party sub%tsntially all of the risks and rewards of ownership of the firt80¢101 ass¢t, or rl thc charity. d¢5Pite having reLltt)¢d some. but not all. signiflcant risks and rewards of ownership, h&5 Iransferred control of the ass¢1 ID another party. Financial liabililtes are dereco8nised only lJen th¢ obliytion specifd in the contract t$ dis¢hJrgd. cancelled or expires. Pag¢ 13
Worthing Mencap Soeiety Note5 to the Financial Statements for the Period from 29 November 2024 to 30 September 2025 De iLiiruments Debt instruments which meet the followtn8 cottdifions ar¢ subsequently rnea5ured at anuTrrtis¢d ¢ost using the efY¢¢iiv¢ in¢¢rest Thethod.. lal The contractual return to the holder is lil a fixed amount,. lill a positive fixcd rate or a p05jtive variable rai¢; or liiil a ¢ombioation of a p051tiv¢ or a negative fixed Me and a positive vari2bl¢ rate. Ibl The Contract may provide for repanentS of the prirJcip&l or th¢ return 10 the holder Ibui not both) to be linked to a single relevant observabl¢ index of 8eneral price infl81ion of the Cunency in which the debt instrumeni is denominaied. pwvidcd 5urh links are not leveraged. (¢1 Th¢ contract may provide for a detemiinable variaiion of the retLm to the holder during the life of the Lnstryment, provid¢d that lil the new rale satisfies condirioTh lal and the variation ¢s ¢onting¢nt on fvre events other than {] I chan¥e of a Contractal variabl¢ rate., 121 to protect the holder againsi credii deiLYiorJliun of th¢ is5uer', 13) changes in levies applled by a central bank or arising from ¢hang¢s in levant tatIOn or law,. or lil) lh¢ rat¢ 15 a market roie of int¢r¢5t and sBti5fie5 conditioTh {al. Idl Th¢rr 15 TK) contractual provision that Lould. by its terms. result in hold¢r losing the principal amount or ony interest attributobl¢ t(* the ¢urr¢nt period or prior periods. 1¢) Contra¢iual provision5 tha¢ pernit the i55uer to prepay a de61 in$inJm¢nt OT permit the holder to put it back io th¢ issuer before maiuriry are not Contingent on future even15, other than to proie¢t the holder agaIt the credit detcrioration of the issuer or a ehan8e io ¢ontrol of th¢ issuer. or to protect the holder or issuer against changc5 in l¢vie$ appli¢d by 4 Central bank or arising from changes in relevant ¢axation or law. ID Contracbjal provisions may pemiit the extension of thc term of the debt instrument, provided that the reTUrn to the hold¢T ond any oih¢r contractual provisions applicable during the extended terni satisfy the wnditions of paragraphs lal to Icl. Debt instruments that are classifLed AS payable or Ttr¢ivabl¢ within oThe year on Initial reoognilion and which meet Ihe abov¢ ronditjOll5 aT¢ n1¢¥5ur¢d ai the undiscounled amouni orth¢ cash orothcr conside10n expe£i¢d to paid or received. of impairmeni. With the ¢xcepiion of som¢ hedging in5tNm¢nts, other debt instnJm¢nts ttot meeting these conditions S M¢ured al fair value throLt8h prit or ioss. Commitm¢nts to make and rtteive loan5 which mttt the toDdiiions meniioned above are measud ai (which ay be nil) less impainn¢nt. INve¥lmeNts Inv¢5tmcnis in non-convertible pref¢r¢n¢e shar¢5 and non-puttable ordinary or pfen¢t shares (where shsres are publicly traded OT thcir fair value is reliably measurable) are m¢35ur¢d at fair value through ptofit or loss. Where fair value catULOt be measured reliibly. i¢iv¢stm¢nts arc measured at cost less impaimient. Investmettrs In $ub$idiari¢s and asglKiates arc mc&surcd ai ¢osi less ipHIrMent. For inve$bnents in subsidiaries acquired for consideration in¢luding the issue of shares qu&lify'in8 for merger relief, cost is measured by referen¢¢ to the nominal Wdlu¢ of the shares issued plus f8ir value of other considerdtion. Any premium 15 ignored. Pa8e 14
Wortbing Mencap Society Notes to the Financial Statement5 for the Period from 29 November 2024 to 30 September 2025 Derivulivefinancial inslruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movement5. The charity does not hold or i5su¢ derivAti firwi¢ial instrments for 5peculativ¢ purpose5. Derivatives are irritially r¢co8nised at fair value at the d8 a deriV1Ve contraci is etktered into and are $ubsequenily remeUred io their fair value ai each rerK>ning dale. The resulting gain or loss is recognised in stttement of fLnan¢ial activitie5 immediately unless the derivative 15 designated and effective a hcdgtng instrument, in which cvtnt the timing of thc recognition in stsletnent of financi a¢iivities depends on th¢ ntUT¢ of rhe hedge Telation5hip. FAir volue eremem1 The best evidence of fair valu¢ is a quoted price for an identical as5¢t in an active market. When quoted prices are uthavailabl¢, the pri¢e of a r¢¢¢rtt tr$8¢110n for an identical &ssei provides evid¢o¢¢ of fair value as long as there has noi been a si8nifieani change in economic circumstances or a significani lapse of lime sinee the transaction Wjk pla¢¢. If the market is not aciivc and re¢eot transa¢tio•s of ao ide#ii¢al asset on their owrt #re Thot a Bood c5timat¢ of fili vdll¢, the fair value is ¢siimaied by using a valuatiott techniqu¢. 3 Jntorne frorn donations nd legxcie5 Unrestrirted fund5 GentMI Total Donations and legacies; tk>nalions from iThdividu¥415 Gift aid re¢laimed GTathts'. includin¥ ¢apitsl ts. Government grants Donatcd 5¢rviccs and facilitie5 74.230 2.340 74,230 2.340 58.567 4,054 58.567 4,054 Total for pÈAod ¢nd¢d 30 Septetyb¢r 2025 139.191 139.191 4 Income from other trading #rtiviti Unrtsiritid fund5 G¢Th¢r¥l Total funds Trading in¢om¢.' Shop income from sale of donated gOS and service5 Sales of goods and servi¢cs Other income from other tradin8 ftcliviiies 32.337 16.461 26.1)04 32.337 16.461 26.4 Tot*1 for period ended 30 September 2025 74,802 74.802 Pa8e 15
WorthiDg MeDcap Society Notes to the Financial Statement5 for the Period from 29 November 2024 to 30 September 2025 5 Inve$tment Ineome Unresirirted funds GeDer*l Total Intere$¢ r¢¢¢ivabl¢ and 5iTnilar income.. Interest receivable on bank dewsits Income from rents 302 5.894 302 5.894 Tot41 for peTlod ended 30 September 2025 6.196 6.196 6 Exp¢tsdltuYt ofj rni$ing fund5
l Costs of trading activities
Unre51rirted funds General Total flltlds Note C051s of g(x)ds sold Oth¢T dir¢ct cost5 of activities for generating fuThds 10.551 25.308 10,551 25,308 Total for period etsdtd 30 SepleThber 2025 35.859 Total cost5 Dlrerl ¢0515 Costs of g¢neriting dotkations and l¢gaeie5 Costs of trading activitie5 1.884 35.859 1.884 35,859 Totsl for period ended 30 Stptembttr 2025 37.743 37.743 Page 16
Worthing Meneap So¢iety Notes to the Financigl Statements for the Period from 29 November 2024 to 30 September 2025 7 Expenditure on eh¥ritible activiti Unrestrirted funds Generxl Total runds Note Overheads and other Costs Staff costs Goveman¢e costs 54.822 173.503 ?.356 54.822 173.503 2.356 Tot¥1 for period ended 30 SeptenTrber 2025 230.681 230,681 Attivity undertake directly Total expendlture Shop, Trading as Buddys C8f¢ CharÈty shop5 Group5 and other activities 39.761 64.630 123.936 39.761 64,630 123,936 Tot#1 for period ended 30 Stpt¢mbtT 2025 228.i27 228,327 In addition kn thc expenditure analysed above, therc llre a150 8ov¢mon¢e c(>sts of £2.356 whi¢h relate directly to hariiable a¢iivÈtÈ¢s. See not¢ 8 for funher details. 8 A041ysis of governADet *nd support Costs Governanee costs Unrestrlded runds General Total funds Independent exgmirKr fees Other fee5 paid io examiners Oiher 8overnan¢e ¢osts Totil for perlod 2Nded 30 September 2025 900 1.456 900 1.456 2.356 2.356 Page 17
Worthing Mencap Society Notes to the Financial Statements Cor the Period from 29 November 2024 to 30 September 2025 9 Trusteu remunention xnd exptnses No tTU5t¢es. nor any person5 conneclcd with Ihtm, have received any remunerdlion from the ehariry during the year. 10 Staff eosts The a8gre8aie payroll costs were a5 follow5.' 21125 Staff costs duriBE tbt period were: Wages and 5alori¢s Social security COSIS Pension c05t5 Other statTcosts 160.708 6.947 2.848 3.000 173,503 No employee recekved enK)lumeThts of more than £60.000 during the period. I I Indtp¢ndet)t exomits¢r's r¢mutt¢r*tio 2025 Other fees to examlners The examinLtI8 of aecounts of any &ssociate of the chartty Page 18
Worthing Mencap Society Notes to the Financial Statements for the Period from 29 November 2024 to 30 September 2025 12 Tamtiou The charity is a regiSted ¢harity and is therefore exempt from taxation. 13 T#ttglble nAed ¥w¢s Land ind buildings Furniturt and equipmeni Tot1 Cost Addition5 356.454 6,526 i62.980 AI 30 Sept¢mb¢r 2025 356.454 6.526 362,980 Depreelgtlon Charge for th¢ ycar 815 815 AI 30 September 2025 Net book vlue 815 815 AI 30 September 2025 356.454 5.711 362.165 14 Debtors 2025 Prepayments 685 15 Casb eash equlv#leots 2025 Cash on hand Cash at bank 136 99.317 99.453 P8ge 19
Worthing Mellcap Society Notes to the FinAncial Statements for the Period from 29 November 2024 to 30 September 2025 16 Creditors: rnounts falling dut within one yur 2025 Bank loans Other taxation 8nd so¢ial se¢uTity Other Crediiors Deftrred income 9.576 6.769 2.083 12.144 30.572 17 Creditors: gmounts fllin# due after one year 2025 Bank108Th5 135.858 18 Pension other schemts Dered contribution penJioD Jrheme The charity operates a defined contribuiion pension scheme. The pension eosi chorge for the period represents eO#tribulion5 pByabl¢ by the charity. to the scheme and amollnied 10 £2.848 19 Shlre capital 20 Funds Bslance #t 30 September 2025 Resources expended Te51111rce5 Transfers Unrestrltied fund5 Gener 220.189 1?68.4241 344,108 295.873 Page 20
Worthing Men¢ap Society Notes to the Fin¥neial Statements for the Period from 29 November 2024 to 30 September 2025 21 Analysis of net assets between funds Unrtstrirted funds enerAI Total funds at 30 Stpttmbtr 2025 Tangible fixed 855ets Curr¢tti oss¢ts Current liabilities Cr¢diiors over l year 362.165 100,138 130.5721 135.8581 362,165 100.138 130.5721 1135.8581 Tolal net 855ets 295.873 295.873 22 Related paTty tTansattions There were no relat¢d party trthsadions in thc period. PNge21
Worthing Mencap Society Statement of Finn¢ial Aetii'ities by fund for the Period from 29 November 2024 to 30 September 2025 Unrestritted Funds Tot1 Unrestricted Futtd5 2025 Income 4nd Endowments from: tlonations and legacies (hh¢T trndithg activitiES Investment income 139,191 74.802 6.196 Total income 220.189 ExpenditUTe on: Raising funds Charitable activities 137.7431 1230.6811 Total expenditure 1268.4241 Net exp¢ndiwrc Transfers betwe¢n funds 148.2351 344,108 Reeonciliation of funds Tolai fiJnd5 ¢arti¢d forward 295,873 This page doe5 Llot forni part of the sthtutory financial statements. Page 22
Worthing Mencap Society Detailed Statement of Financial Activitieq for the Period from 29 November 2024 to 30 September 2025 Totsl 2025 Income and Endowment$ from-. Donations and lega¢ies ianaly5ed below) Oth¢T trading activities lanalysed belowl Inve5tsn¢rht incorne lanalysed below) 139,191 74.802 6.196 Total *ncom¢ 220,589 Expenditure OD: Raising fi]nds lanalysed below) CharitAbl¢ activities lanalysed below) 137.7431 1230.6811 Toial expcfiditur 1268.4241 Net expcnditur¢ Transfers between fund$ lanAIy5ed below Reconeiliation of fund5 148.2351 344.108 Total fvnd5 carried fon¥ard 295.873 This page doe5 not fonn part of the s¢atutory financial statements. Pa8e 23
Worthing M¢n¢ap Society Detailed Statement of Financial Activities for the Period from 29 November 2024 to 30 September 2025 Total 2025 Donalion5 legocie5 .4ppeals and donations Gift Aid reclaimed UK Government grants Donated S¢Tvice5 74.230 2 J40 58.567 4.054 139.191 Other ir0d18 oLYlvlrtes s¢$ tsf donat¢d good5 Sales of puithas¢d goods Other income 32,337 16.461 26.004 74.802 Invesimehi inconie Rentsl income lthterest tsn ¢ash deposits 5.894 302 6.196 R¢TiSing Fundraisi1 costs Purc5¢$ Purchases Dir¢¢¢ ¢osts Club and event direct COsLs Equipm¢nt 1¢8siDg 11,8841 8.2301 12.3211 12.5141 121.7141 11.0801 137.743 Charilable Aclivilies Rent collefflion Wag¢5 and salaries Staff NIC (Employer3) Staff p¢ns¥ons {DefitLed contribuiionl- pension schem¢ I Staff training Rat¢$ LighL heal and w>wer Rep&irs ond r¢newals Telepknne and f&¥ 16,3101 1160.708} 16,9471 12.8481 13,0001 12.2881 12.6841 127.432} {9901 Thi5 pagt does noi forn) part (pf the statutory financial ststements. Pa8e 24
WortbiDg Mencap Society Detailed Statement of Financial Activities fnr the Period from 29 November 2024 to 30 September 2025 Tot•1 2025 Printing. postage and stationery Charitable donation5 Professional ind¢mDity insurance Legal and professional fees Bank charges Loan inieT¢St Depreciation of fixttjres and fittings Accountancy fees Professtonai indemity insurance 19541 {2901 13361 {7.4431 11,5221 13.7581 I0) 11,4561 1230.6811 Trunsfers bertvgenfvKd% 1'ran5fer from uThtncorporat¢d charity 344,108 This pag¢ does not forn part of the siaiutory financial 5tstements. Pag¢ 25