Charlly No. 222647 Morecambe and Lancaster Mencap Society Executive Committee's Report and Unaudited Financial Statements For The Year Ended 30 September 2023 local me cap Morecombe Ldntosltsr frmha MOORE & SMALLEY
MORECAMBE AND LANCASTER MENCAP SOCIETY CONTENTS Page Charity reference and adminlslrallve details Report of the Executivè Committee Independent Examiner's report lo the trustees Slalement of financial activltiés Balance shèet Notes lo the accounts
MORECAMBE AND LANCASTER MENCAP SOCIETY CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Reglstargd ¢harlty namo Morecambe and Lancaster Mencap Society Charity registratlon number 222647 Prlnclpal and reglsterad offlca Lansmore CoLTrrt Cha¥l8s Street Morecambe LA4 5SX Trustees A Butler H Towers P Hayes P Butler J Hicks S Birchall J Boyd S Mar6hall L Halley M Dent G Taylor J Roper Indopandant Examiner M14A Moore and Smallay Chartered Accountants 14 M8nnin Way Lancaster Business Park Lancasler Lcincashire LA1 3SW
MORECAMBE AND LANCASTER MENCAP SOCIETY REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 30 SEPTEMBER 2023 The ExecutNe Cornmittee present Ihelr report along with the financial slalemenls oflhe chaiity for the year ende 30th September 2023. The financial statements have been prepared In accordance wllh accountlng pollcies sel out in the notes to the accounts and complywilh the charity's governing document, the Charilies Act 2011 and Acwunling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing Iheir a¢counls in aocordanco with the Financial Reporting Standard applicable in the UK and Republic ol Ireland. The Committee members (trustees) The Committee member$ who served the charity during the period are as follows., A Butler H Towers P Hayes P Butler J Hicks S Blrchall S Marshall L Halley J Boyd M Oenl J Roper G Tayk)r Chairperson I Pool Club Represenlalive Honorary Secretary l D8PUty Chairperson Honorary Treasurer Buildings Executive Bulldlngs Executive Appointments in the ye8r'. hA Dent G Taytrjr Resignations in the period= C Wright Structure> govemance and management Th& Society is a r8gist8r8d charily and Ss affiliated to the Fioyal Soclety fDr hAehlal)y Handicapped Children and Adults Imencapl. 11 was established by conslllulion dated 26 January 1956. Recrultment In accordance with the Trust Deed, new members are appointed lo thg committee following recommendation lo and approval by the existing m&mb6rs. Induction is carried out on a one lo one basis and training is provided as and whan roquired. The charity recognises the need lo keep current and new members up-lo-dale with legislative, Charity Commission and accounting requirements. Each member offers themselves for rè-eléckion on an annual basis. Objectives and actlvltlos The Society 15 PrinGipally ongaged in drawing allenlB)n lo the problems of cognitive disability through the provision of aclivitiès caterlng for the re¢realional, educational and welfare needs of persons suffering from cognitive dlsablllly and other learning difficulties, and in the ralsing of money lo assist in th6 financing of thésè activitiés through a recognised local cenlre. The Society has conllnued to org8nise a programme of fund raising events as well as soclal events for the benelil of people with learning difficulties throughout th8 Morecambe and Lancasl8r area, various indlviduals have been supported during thè yèar through th8 provision of educatlonal support and recre21ional activities.
MORECAMBE AND LANCASTER MENCAP SOCIETY REPORT OF THE EXECUTIVE COMMITTEE ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 ObSectlves and activiti88 Icontinuedl The charity is heavily dependent on, and very thankful for, the SUF*port il received fn)m volunteer5. who Work lo support the operation of the Society in a wide variety of ways., be il from helping to provide direct club and class support, supporting income generation by fundraising, seNing as Tiuslee5 or in other capacities. Achi8v8ments and pèrformancé The Society offers a full and varied programme of weekly clubs, c12sses and a¢lwilies plus mDnlhly arKI seasonal events. The main essence of the Morecambe & Lancaster Mencap Society has always been its evening clubs. However, over the past y68rs il has increased to include young familles and a variely of daylime a¢livilies and classes. The song & dance. drama group and arts & crafts sessions are very popular. This year wts also held Halloween Gathering and a Chrlslmas Disco at Ihe Club House which were greatly enjoyed. Differenc6 to ben8f1$rI8s The Commlllee has proved itself lo be an effective meLhanism in Ils Iranspar8nl and democratic approach in decision making and problem sofving. We are forlunate enough lo have such a fantastic facllity available, a modernised building in a good lo¢ation and easily accessible lo everyone. 11 is a place for all of us lo connect with each other and the wider socS0ty. 11 is a safe and secure environment, where the memb8rs can enjoy themselves, either socially or by participating Irb an aclivily or class and learning something new. 11 benefits a wide range of ages and disabilities. Some members choose lo help the volunteers in running their own club night. whether this is collecting subs, serving in the tuck shop or packlng everylhlng away al the end ofthe night. This gives them a sense of Involvement and responsibility. 11 is important thal we run different classes and clubs for our members taking a holistsc approach,. promoting fitn889 and tha importancé of wèll-bèing, offering a relaxed and supportive environment, encouraglng lrfe skS118 and building ¢onfldenc8. Financial revlew A total of £44,68512022'. £40.8591 wa8 ralsed during the year. Total expendilure amounted lo £40,658 12022.. £42,836). Al the year-end, the Sociely had monetary assets {investmonl8, bank and cashl of £545,111. an increase of £12.416 on the previous year. Plans for future periods 2024 marks the 60th anniversary of the opening of the building and the beglnning of the local Mencap society bringing local families together and crealing a safe place for thèir children with dlsabllllles lo meet and socialise. To celebrate this feat, thare will be a summer party inviting everyone involved over the years who have supported and helped along the way. 2024 also seos thg introduction of a Coordinator role to run operations and lo gLEide And support voluntéèrs and members alike,. finding new and exciting ways lo support the development of all Ihese individuals and The Clubhouse itself.
MORECAMBE AND LANCASTER MENCAP SOCIETY REPORT OF THE EXECUTIVE COMMIThEE (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Plans for future periods (continued) This year, il is the pool teams turn to travel lo Northern Ireland and compete wilh their pool team over the May Bank Holiday. There are plans for an open day.. an opportunity to extend its reach and lo promote the Clubhouse., ils clubs, classes and acllvilies and lo gel more people involved either as members. volunteers, class leaders or trustees. This year, subsidised day tp5 to the Beamish Museum and Blackpool Illumirialions will be offered lo everyone involved and attending The Clubhouse. Rlsk management The members have a duty lo identify and review the risks lo which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. Risk is reviewed by the members on an annual basis. Investment policy The SoGiely receives advice from ils investment advisor. The performance of funds is reviewed at each meeting with investment managers instruct&d to carry out any recommended changes to the investment instruments. The managers are instructed lo keep a balanced portlollo lo spread the risk 8nd maximise Gapilal growth wilhoul ]eopardislng revenue income. In addition lo this they are instructed lo avoid puichasing holdings which would go against the aims of promoting health and wellbeing that the charity undertakes. for example tobacco companies etc. RÈsÈrves pollcy The charity alms lo have the equivalent of srA months, runnlng costs in free reseNes lft addttion to the reserves representing Ihe investment and fixed assets owned. Unreslricled funds are reserves available for use al the discrellon Df the Iruslees in furtheran of the general activities of the charity. Restricted funds are reserves subjected to reslriolions on their exp8nditur& imposed by the donor. The charity's reseNes are all unreslricled, with the lolal al the end of the year being £871,257 with £22,808 representing free reserves, i.e. excluding investment assats and the laasehold premises. This is in excess of six months, running costs. Public benefit We have referred lo the guidanfje wnlained in the Charily Commission's general guidance when VIewIng our aims and objectives and in planning our fu[re aclivities. In particular the Members consider how planned activities will contribute to the alm8 and oblectlves they have sel.
MORECAMBE AND LANCASTER MENCAP SOCIETY REPORT OF THE EXECUTIVE COMMITTEE ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 ststement of Trustees, responsibilities The trustees are required to prepare financial statements for eaGh finanGio1 year which give a true end fair view of the slate of affairs of the charity and of its financial activities for that period. In preparing those financial slalemenls Ihe trustees are required to= Select suitable accounting policies and then apply them consislenlly., Make Judgements and estimates that are reasonable and prudent., Slate whether the policies followed are in 8ccordan¢e with applicable accounting standards, subj8Ct to any materi21 departures disclosed and explained in the financial slalemenls., Prepare the financial statements on the going concern basis unless il's inappropri8te to presume that the charity will continue in business. The trustees are responslble for keeping proper accounting records whlch dls¢lose with roasonable accuracy at any lime the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for lakino reasonable steps for the prevention of fraud and oth8r IrOlarIties. Independent examiner MHA Moore and Smalley have been re-appointed as independent examiner for the ensuing year. Signed on behalf of the Executive Committee A Butler Chair erson 7 March 2024
MORECAMBE AND LANCASTER MENCAP SOCIETY INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF MORECAMBE AND LANCASTER PAENCAP SOCIETY FOR THE YEAR ENDED 30 SEPTEMBER 2023 I report lo the Iruslees on my examinaliDn of the accounts of the Charity for the year ended 30 septeMr 2023, which are sel out on pages 7 to 17. Responsibillti8s and basls of report As the charlty's trust88s ytsu are responsible for the preparation of the accounts in accordance with the requirements of Ihp Charities Act 2011 {'the Act'l. I report In Tespect of my examln8tion of the charity's accounts CarEd out under section 145 of the Act and in carrying out my examination I have followed all the applicabl6 Directions given by the Charity Commission under section 145(5llb) of th& Act. Ind4pendent examlnefs statement I have completed my examination. I confirm that no material mallers have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by seclion 130 of the Act., or the accounts do not accord with Ih05e records the aGGDunls do not Gomply with the appli¢abl8 requirements conceming the foim and content of accounts S6t out in the Charities (Accounts and Reports) Regulations 2008 olh8r than any requirement that the accounts give a 'true and fair view. which is rt a maller consider¥d as part of an independent examination I have no Concerns and havo come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Jack Ste¢r ACA Independent Examiner 14 Mannin Way L8ncaslg.r Business Park Lancaster Lancashire LA13SW Dale.. 1210312024
MORECAMBE AND LANCASTER MENCAP SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Total funds 2023 Total funds 2022 Unrestricted Restrlcted funds funds Incom& from: Donations and legaoies Charit8ble actiidties Investments GJvernrfnt grants 2,179 23,804 14,912 3.790 2.179 23.804 14,912 3,790 1,253 17.685 15.339 6,582 Total 44.685 44685 40,859 Expendlture on: charitab aclimlies 40.658 40,658 42.836 Total 40,658 40,658 42.836 Net galnslllossès) on Invastments Realised gainl{k)ssl on investrnents Unrealised gainlllossl on Investnnts (6611 .427 {6611 8,427 {5.2681 (73,3481 Net InmaleXpendlture 11.793 11,793 (80,5931 Transfers between funds Net movement in fvnds 11.793 11,793 {80,593) Reconclllatlon of funds: Total funds brought forrd 859.464 859,484 940.057 Total funds car*lad forward 17 871.257 871.257 859,464 The Slalemenl of Financial Activities includes 211 gains and loss6s In the year and therefore a slalement of lolal recognised gains and losses has not been prepargd. All of the abov8 amounts relale lo continuing activities. Th6 notes on pages 9 to 17 form part of Ise financial stalemenls.
MORECAMBE AND LANCASTER MENCAP SOCIETY BALANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2022 Flxed a55et5 Tangible assets InveslnEnts 10 11 326.247 522.202 326,247 498,926 848,449 825,173 Current assets D8btor8 Cash hekl at InStMent brokers C8sh at b8nk and in hand 12 11 1,307 7,196 15.713 1,802 15,147 18,622 24,216 35.571 Creditors: arrY)unts falling due rithIn one year 13 {1.408) 11.2801 Net currant assets 22.808 34,291 Total assets less currant Ilabllttles 871.257 859,464 Net aS$8ts 871,257 859,464 Funds.. Unrestricted funds Restrlcled funds 17 17 871,257 859.464 Total funds 871,257 859.464 These accounts were approved by the ExecutNe Committee and aulhorised for issue on the 7 March 2024 and are signed on their behalf by.. A Butler Chairperson The notes on pages 9 to 17 form part of these financial slalements.
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting pollcles Legal form The entity is registered as a charity in Englanrj and Wales. The address of th8 charlly. the nature of ils operations and its princlpal actsviti&s are all detailed In thè Executlve Commlllee report and charity adminislralive details pages in thes8 financial st8tèm8nls. Ba$ls of accountlng The charlly constitutes a public beneflt enlily as defined by FRS102. The flnanclal slalemenls have been prepared in accordance with the Stslement of Recomm8nded Praclicg.. Accounting and Reporting by Charities preparing their accounts In ac¢oid8nce wilh the Flnancial Reporting Standard applicable in the UK and Republic DI Ireland IFRS 102) issued orb 16 July 2014 and the Flnancial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charitl8s Acl 2011 and UK Generally Accepted Practice. The financial statements have been prepared on a going concern basls under the historical Cost convention. The financial slalewnenls are prepared in sterling which is the functional currency of the charity. The significanl accounting policies applied in the preparation of Ihese financial slalèments are set out below. These policies have been consislenlly applied lo all years presented unless othenNise slated. Preparatlon of the accounts on a golng ¢onc8rn basls The trustees have at the tim8 of approving the financial stateTMenls, a réasonable expectation that the charity has 8dequat8 resources lo continue in operational èxistance for the foreseeable future. Thus Ihay continue to adopt th8 going concem basss of accounting in preparlng the financial statements. Incom• Donations are included as they are receivable by the charity, except insofar as they are incapable of flnancial measurement. Other Income linGluding grant income) Is Yecognised when the charity is18gally en11tle to receive it. No income is shown n8t of expenditure. Expend5ture Expenditure is Tecognised on an accruals basis as a liabillty Is incurred. Expenditure has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, il is probable that the settlement will be required and the amount of the obligation can be measured reliably. Premises costs and governance costs aré those which asslsl the work of the charlty bul do not directly represent charitable activities. They are incurred directly lo support the objectives of the charity.
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles {contlnued} Debtors and credltors Debtors and creditors with no statad intsrest rale and recelvable and payable wllhin one year are rècorded at transaction pricè. Any losses aiising from Impairmènt are recognised in expandilure. Flnanclal Instruments Th8 charlly has elected lo apply the provlsions of Sectton 11 'Baslc Financial Instruments, and S8Ction 12 'Olher Financial Instruments Issues, of FRS 102 to all of its flnancial inslrumÈnls. Financial instwmenls are recognlsed in the charily's balan sheet wh&n the charity becomes party lo contractual provisions of th& inslrumenl. Financial assets and liabilities are offset, wlh the nel amounts presented in the financial slalem8nls, when there is a legally enforceable righl to offset the recognised amounts and there is an inlentson lo settle on a net basis or lo realise the ass81 and sellle the liabillty simultaneously. Basitt financial assets Basic finan¢ial assets. which include debtors and cash 8Nd bank balances, are initially me8sured al transaction price including transaction costs and are subsequently c8rriÈd al amDrtised cosl using the effective interest method unless the arrangement conslilules a fin8n¢ing Iransaclion, where the transaction is measured al the present value of the future receipls discounl8d at a market rale of interest. Financial assets classified as r8ceivable within one year are not amortised. Impaimienl of financial assets Financial a88els are assBssèd for Indicators of impairment al each reportlng end dato. Flnanclal assets are impaired where there Ss objective 8vid8n¢e that, as a resull of one or mor6 events that occurred after the inllial recognition of the financial asset. the eslimaled ftjture cash flows hav8 been affected. If an asset is irnpaired, tho impairment loss is thè difference between the Carry1r amount and the presenl value of the estimated cash flows discounted al Ihe as58t's original effective interest rate. The impairment Ioss 18 recognised in the slalemenl of financial aclivity. If there is a decrease in the impairment loss arising from an event occurring after the impairrllenl was recognised, the impairment is reversed. The reversal is such that the Gurrenl carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairmenl reversal is recognised in the statement of financial activity. D8-reCognitn of linancial assets Financial assets are derecognised only when the contractual rights to the Gash flows from the asset expire or are setNed, or when the Gharily transfers the fin8nclal assel and subslanllally all the risks and rewards of ownership lo another enllty, or if some significant rlsks and rewards of ownership are retained bul control of the asset has transferred lo another party that is able to sell the asset in ils entirety to an unrelated third party. Classlficalion of linancial liabillties Flnancial liabilities and equity instruments are classifi8d according to the substance of the conlraclual arrangements entered into. An equity instrument is any conlracl thal evidences a residu81 interest in the assets of Ihe chafity atter daducling all of its liabllltles. -10-
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting pollclos leontlnuedl Bas financial Ilablllt18S Baslc financial liabiliti8s ar8 initlally recognised at transactlon price unless the arrangement constitutès a financing Iransaclion, where the debt instrument Is measured at the present value of the future recelpts discounted al a market rale of intarèst. Flnancial liabilities classified as payabl& within one year are not amortised. Debl instruments are subsequanly carried al amortised cost, using the effective interest rate method. De-recc>gnilion of firpancl lbileS FinanciAI liabilities are dereco9nised when the charlly's conlraclval obligations expire or are dlsch8rged or cancelled. Inv¢stments Investments are shown al their market value on the dale of the balance sheet. Galn$ and losses on disposal and revaluation of assets are charged or credited lo the Sl8temenl of Financial Activities. Flxed assets La8s8hold property is included in the Balance Sheet at its original cost price logèther with the costs of improvemonts Ihgrelo. No depreciation is provided on leasehold properly improvements on the grounds that the depreciation charge and accumulated depreciatlon would be Immaterial. as the charity has a policy of regular maintenance and repair (which is Gharged lo the slat8menl of linanaal 8Ctivi118s} such that the prevlously assessed standard of perlormance is maintained. Fixtures & fittings are included at thèir original cost price. Any subsoquenl related costs are expensed lo the ch8rity's slalement of financial activities, in line with tho policy of regular maintenanca and repair. No depreGialion is provided on ffxlures & fittings on the same grounds as outlined above for leasehold property improvements. Where assets are gifted to the Ch8rfty, they ar8 Included in the Balance Sheet as their estimated market value at the time of the gift, with an equivalenl amount being included in donations received. -11-
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Judgaments And kèy sources of èstlmation uncertalnty In the appllcallon of the charity's accounting pollcies, the Tnjslees are required lo make judg6m8nts, estimates and assumpliDlls about the carrying amounl of assets and liabilities that are not readily apparent from other sources. The estimates and assoclalad assumptions are based on historical exp&rlonc8 and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimalos and underlying assumptions are reviewed on an ongoing basis. Revlsions lo accounting 6Stimales are recognised in the perlod in which the estimate is revlsed where the revision affects only that period, or in the period of the revision and future pericKls where the revlslon affects both Current and future periods. Key assumptlons. judgements and Èstlmates In the opinion of the Trustees, there have been no signilicant judyemenls {2part from those involving eslimalesl made in the process of applying the above accounting policies. with the exceptlon of the IrÈalmenl of fixed assets as detailed on page 11. There have baen no key assumptions concerning future and other key sources of eslimalion uncertainly al the reporting dale that have a significant risk of causing a material adjuslmenl to the c2rrying amounts of assets and liabillties within the next financial year. Incoma from donatlons and legacles Unr88trlct8d Restrlcted funds funds Total 2023 Total 2022 Member subscriptions Donations 300 1,879 300 1.879 300 953 2,179 1179 1,253 Income from charitable a¢tlvltles Recreatlonal actEvltie3 for those wlth cognitive disabÈlitÈès Unrestrlcted Restricted funds funds Activty Total 2023 Total 2022 Pool events (Jher events Bingo Gateway Clublclasseslthjsic Nights Rent of premis8S 1,174 386 4,376 16,398 1,470 1.174 386 4,376 16.398 1.470 1,222 937 1,790 13,511 225 23,804 23,804 17,685 -12-
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Investment Income Unrestrbcted Restrlcted funds funds Total 2023 Total 2022 1nter6svdld8ndS recdved on Invesknrnts 14,912 14,912 15,339 14.912 14.912 15,339 Expendlture on charllabl• actlvltles Recreational activities for those with cognitive dlsabilities Unrestrlcted Restrldod funds funds Activity Total 2023 Total 2022 Pool ents Functions Gateway ClubICleS1Muslc Nights Support costs (note 71 707 533 8,718 32,878 910 12,070 26,989 910 12,070 26,989 40,658 40,658 42,836 Support costs Unrostrletod funds Rèstrlcted funds Total 2023 Total 2022 Ground rent Water and sewerage rates El8clricity 8fKI gas Insurance Repairs and maintenae Caretaker and cleaner COrdInatOr Telephone Licences Okner Secretaryllreasurer (Orar1M Independent 8xmlnation Slationery Inv8stm8nts' M88m8nt f8es Sdicltor 385 1,485 3,359 1,317 2,676 5.082 385 1,485 3.359 1,317 2,676 5.082 385 1,024 2,388 3,359 4,082 4,093 5,21 749 150 465 1,6rKJ 1,310 677 1,150 257 1,80Q 1,448 677 1.150 257 1,800 1.448 7,353 7,353 7.879 191 26,989 26.989 32,878
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Net incomelexpendlture 2023 2022 Nèt Income 15 5t8tèd after Charg1(CredItingl. Independent ennertS remunerat'on.. independènt 8xAmlnallon fee 1.310 Trustees and key management parsonnÉl remuneration The trustees of the charity are considered lo be the key management personnel of the charity. One trustee, H Towers. received £800 12022.. £800) for Ihelr role as secretary. This is agreed and consented lo by all Iruslees. In addition, another trusteg, Pam Hayes, reiVed £80012022, £8001 for their role as treasurer. In additSon Angela Butler received £2CIO12022'. £nil} for their role as chair person. No othèr trusteas lor Any persons connected lo them) receDJed any remunerallcin or expenses from the charlly during the year. 10 Tanglbl8 flxèd assats Leasehold Fixtures & property ffttlngs Total Cost at 30 Septeth 2023- no since 01 (kt(*>er 2017 313,989 12,2S8 326,247 313,989 12,258 326.247 Leasehold property Th8 land al Charles Slreel. Morecambo is held on a18as8 from Lancaster City Council. Originally the lease ran for 30 years expiring in 1994. This has been renewed, from 1 Seplgmber 1997 lor 30 years {subje¢l to a rent review overy fiv8 years). For commilmenls under this lease, please refer to note 16. On the land the SocAety built premises. now known as Lansmore Court, for a cost price of £22,666 (ln 1964). This cost plus subsequent leasehold improv&m8nl costs lolal the above figure. As the Committe8 has no plans for the sale of the property in the foreseeable future, no alkmpl has been made lo place a current market value on the leasehold property. However the committee is of the opinion that value is 8t le8sI thÉt which is included in the balan sheet. In addition, no depreciation has b8en provid£d on th8 leasehold proparty. Please se8 the relevant section of the accounting poliaes note for furth@r details. -14-
MORECAMBE AND LANCASTER MENCAP SOCIErY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 l Fixed asset Invèstments 2023 2022 UK Ilsted equities & fixed Interest securlUe5 Cash held as part of Instnt porffolio 522,202 7,196 498,926 15.147 529,398 514,073 The historical cost Df the investments is £512,84712022'. £517,779) 12 Debtors 2023 2CY22 Prepayments 1,307 1,802 1.307 1,802 13 CredStor8 2023 2022 Accruals 1.408 1.280 1.408 1.280 14 Control Th8re was no tjlllmale conlrolling party durlng the current or prior pariod. IS Related party transactlons No related party Iransactlons ocCurd during the current or prior period, except for those disclosed in note 9 of the accounts.
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 16 Operatlng leases -1ossee Al the reporting d8te the charity had oulslanding commitments for futur8 minimum lease payments under non-cancellable operating leases which fall due as follows., 2023 2022 Due in less than 0 year Due in mre than one year bul less than 5 years Duo in mre than 5 years 385 1,123 385 1,508 1.508 1.893 Lease payments of £385 {2022'. £3851 have been recognised as an expense in the period. 17 Analysls of funds- currènt year October 2022 Galns, IossB5 September & transfers 2023 Incomp Expendlture Unrestricted funds General fund 859,464 44.685 {40.6581 7.766 871,257 Restricted funds Pool ernt Total fund5 859,464 44,685 (40,658) 7,766 871.257 18 Analysis of funds- prlor year At1 Octob8r 2021 At30 Gain8. losses September & transfers 2022 Income Expendltura Unrèstrlcted funds General fund 940,057 40,859 {42.836) {78,616} 859.464 Restrlcted funds Pool event Total funds 940.057 40.859 {42,8361 (78,6161 859.464 -16-
MORECAMBE AND LANCASTER MENCAP SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 19 Analysls of net assets botween funds- currant year Unrestricted Restricted Funds Funds Tot¥1 Fund balances at 30 September 2023 are represented by: Tangible fixed ass8ts Investments Current assets Cfeditors.. annts falllng due wthln one year 326,247 522.202 24,216 (1,408) 326,247 522.202 24.216 11,408} 871.257 871,257 20 Analysis of net 8ss8ts between funds- prior year Unrestrieted Restricted Funds Funds Total balances at 30 Septen*)er 2022 are represented by.. Tangible fixed assets Investrnènts Current assets Creditors-. anY)unts falling due wthsn one year 326,247 498,926 35,571 (1.280) 326,247 498.926 35.571 11,280) 859,464 859.464 -17-