Reglstered number: 02399075 Charlty number.. 7Q2019 Birminghom Mvlti-care Support Services Ltd Trustees, report and financial stotements For the year ended 31 March 2024 JDIINS AUDIT Blrmlngham Multi-care Support Services Ltd (A company Ilmited by guarantee) Contents Page Reference and Admlnlstratlve Details of the Charitoble Company. its Trustees and Advisers Trustees. Report Independent Auditor's Report on the Financial Stotements 7-11 Statement of Financial Actlvltles 12 Balance Sheet 13 Stotement of Cosh Flows 14 Notes to the Finonciol Statements 15-30 Birmingham Mvlti-core Support Servlces Ltd (A company limited by guorantee) Reference ond Administrotive Details of the Choritable Company. its Trustees and Advlsers For the year ended 31 March 2024 Trustees Dr F Mcconnell. Chair C McGinley (resigned 26 June 2023) J Cleminson (resigned 15 Morch 2024) Company registered number 02399075 Charity registered number 702019 Registered office and Principol address Unit E, Plnewood Bell Heath Woy Woodgote BusSness Park Birminghom B32 38Z Independent ouditor Dains Avdlt Limited 2 Chomberlain Sqvore Poradise Birminghom 83 3AX Bankers Unity Trust Bonk 4 Brindley Place Blrmingham 812J8 Poge I Birmingham Multl-care Support Services Ltd (A company limlted by guarontee) Trvstees, report For the year ended 51 March 2024 The Truslees present their onnuol report together wSth the oudited financial statements of the Charitable Compony for the yeor l April 2023 to 33 March 2024. 8Srminghom Nulti-care Support Services Limited ("the Charitable Company") was incorporoted on 28 June 1989 as a Company Llmlted by Guorontee. Mission The mission of the charitoble compony is to provide care ond support to people in Blrmin9ham who hove multlple disabilities and respite to their Parents and Carers. ObJertlves and activities a. Charity Objectlve The objective of the Charitable Compony is to promote the rellef of Individuals with mL*ltiple disobilities by providlng or assisting in the provision of home care attendants for them ond their famllies. as well os other care and support services deemed appropriate by the compony's directors. The Charitable Compony's recurring revenue comes from fees receivable, and gronts receivable from Blrmlnghom City Council ond the NHS. In setting objectives ond plonning for activities. the Trustees have given dve considerotion to general guidance publlshed by the Chority Commlssion reloting to pvblic beneflt. Including the guidance 'PvblSc benefit.. running a charity (P82)' The Trustees always ensure that the strotegic ond operotionol objectives of the Charity ore oligned with public benefit requirements. This is ochieved through the provlslon of o wide range of servlces to people with multlple disabilities. This onnuol report demonstrates how Birmingham Mvlti-care Support Services Limited hos spent f unds availoble towards meeting Its choritoble objectives. Achlevements and performance a. Activities review The Charitoble Company is a svbsidiary of Midland Mencop. and the day to day management hos been delegated io the Parent Compony. Birmingham Multi-care (BMC) provides o ronge of care and support services to children. young people. adults and fomilu carers across Birminghom. Services. for people with learning disabilities and ossociated circumstances. ir)clude home bosed care and support. short breaks and access to community based social, lelsure ond recreational day and evening opportunlties for both children ond adults. Blrmlnghom Multi-core delivers on Its mission through the use of residentiol care homes providing personal care on o short term. respite cure bosis for mulitple people who have physical and or leorning disabilitles. including autistic spectrum disorder. The accommodations are provided In on odapted home with Ilfts. specialist bathrooms and shower rooms. shored dining rooms. lounge ond reor garden. Page 2 Birmlngham Multi-care Support Servlces Ltd (A company limited by guarantee) Trustees, report (continued) For the year ended 31 March 2024 Achievements and performance (contlnued) Birmingham Mvlti-care Respite Care Provision We provide 8 respite core beds across two registered Respite Care Homes Silver Birch Rood in Erdbngton and Greswolde Park Road in Acocks Green. Both home5 ore regulated by the Care Quality Commission and offer hlgh quality respite provision seven days per week. Birminghom Multi-care Home Based Core and Support Our home svpport ond supported living services operated twenty-four hours a day, seven days of the week. Staff hove tronsferred from 8MC to Midland Nencop following a consultation process. including the transfer of all existing core pockages. The respite care provision and residential staff grovp hove remoined wlth BMC for now. Community service The Asha Community Project is a'women only, day opportvnitles commvnity service, supporting women from the South East A5ion community offering access to a wide range of community sociol. leisure and recreational activitles promoting well-being ond active lifestyles. Fundlng The locol authorities hove continued to moke payments in line with funding ogreements in ploce to ensure sustainobility of the organisation. Regulotory Fromework Birminghom Multl-care Support Services Limited is registered with ihe Care Quality Commisison vnder the Health ond Sociol Core Act 2008. ond the Compony is registered for three regulcrted activities. one domiciliory core service and two respite core homes. At the last inspection, oll these services were found to be fully compliont with the regu1otions. b. Investment policy ond performance The Charlty has no significanl investments. other thon interest received on its Bank current occount. Flnancial revlew . Going concern Following o decision by the Trustees since the bolonce sheet date to permanently ceose troding due to increosing respite core costs adversely impacting the financial viability of the Charitoble Company. the going concern basis of accounting is not appropriale in the preparotion of these finonciol statements. Page 3 Birmlngham Multi-care Support Services Ltd (A company Ilmlted by guarantee) Trvstees, report (continued) For the yeor ended 31 March 2024 b. Reserves policy The Choritoble Company's reserves are either classified 0$ Generol Unrestricted Funds or Restrlcted Funds. Restricted funds comprise grants receivoble for specific purposes that con only be used for those specific purposes. Generol Unrestricted Funds are expendable at the discretion of the Trustees in furtherance of the Choritable Company's objectlves. The Trustees monitor corefvlly the funds requlred to maintoin the ongoing operations of the Choritable Company. As at the year end the company's free reserves were £672,373 (2023 - £369.640). c. Review of flnonclal positlon The financial statements show income of £580.242 (2023 - £827.214) against total expenditure of £521.869 (2023 £821.414) resulting in an operating surplus of £58.373 (2023 - £S,800). d. Rlsk analysis Financlol reviews hove been undertoken throughout the financlal year to ensure thot any ongoing effects of the pandemic on financlal performance were mitigated ogoinst to ensure business and servlce continuity. There Is o risk to sector wide front line staffing chollenges but thls hos been mitigated by an increase In recruStment efforts to ensure our services are adequately stoffed ond f ully delivered. Page 4 Birmingham Multi-care Support Servlces Ltd (A company Ilmited by guarantee) Trustees. report (continued) For the year ended 31 March 2024 Structure. governance and management a. Constitution Blrmingham Multl-care Support Services Limited ("the Compony") was Incorporoted on 28 June 1989 as o Charitable Company Limited by Guorantee. b. Methods of oppointment or election of Trustees The management of the Charitable Company is the responsibility of the Trustees. comprising of members elected for their porticular expertlse and contributions. c. Organisotlonal structvre ond decision-making pollcles The day to day monagement hos been delegated to the Porent Company Midland Mencop d. Policies adopted for the induction and training of Trustees When recruiting new Trvslees. the existing Trustees look for those individuols whose skills ond experience con moke a significant contribution to the manogement of the Charitoble Company. All new Trustees are made aware of their responsibilities as Charity Trustees and Company Directors and ore helped to familiorise themselve5 With the proctical and finoncial aspects of the Charitable Company's operotions. To help them they are provided with a copy of the Compony's Memorondum ond Articles of Association. the latest publlshed occounts. the Charitable Company's mission statement ond appropriate Chority Commission publicotions. e. Related porty relationships The Chority Is affiliated to its parent company, Midlond Mencap. f. Finonciol rlsk management The Trustees hove assessed the major risks to which the Choritable Compony is exposed, in porticular those reloted to the operations and finances of the Chorltoble Compony. and are sotisfled that systems and procedvres ore In place to mitigote exposure to the major risks. Plans for future perlods As described in note 2.2 of the flnanciol stotements, the Charitable Compony has ceased all activities and is therefore no longer considered to be a going concern. Since the balance sheet date, surplus funds were transferred to its parent Chorlty. Nidlond Mencap. Funds held as custodion There ore no funds held a5 Custodian trustee on behalf of others. Page 5 Birmingham Multl-core Support Services Ltd (A company Ilmlted by guarantee) Trustees, report (continued) For the yeor ended 31 March 2024 Members, liability The Nembers of the Charitoble Compony gvorontee to contrlbvte on amount not exceedlng £1 to the assets of the Charitable Company in the event of winding up. All of the Trustees are members of the Charitable Compony and none of the Trustees have ony beneficiol interest in the Charitoble Company. Dlsclosure of Information to auditor Eoch of the persons who ore Trustees at the time when this Trustees, report is opproved has confirmed that.. so far os that Trustee is oware. there is no relevont oudit ir)formation of whSch the charity's auditor Is unaware. ond that Trvstee hos taken all the steps that ought to have been token os a Trustee in order to be owore of any relevant audit information and to establish that the chority's ouditor is awore of that information. Audltor Doins Audit Limited, were appointed during the year ond hos indicated his willingness to continue in offsce. The desl9noted Trustees will propose o motion reappointing the oudltor ol a meeting of the Trustees. Approved by order of the members of the board of Trvstees ond slgned on their behalf by.. F Mcconnell Cholr of Trustees Dote.. 31 October 2024 Poge 6 Birmlnghom Mvlti-care Support Services Ltd (A compony limited by guarantee) Independent Auditorfs Report to the Members of Blrmingham Multi-care Support Services Ltd Opinion We have oudited the finoncial slatements of Birminghom Multi-care Support Services Ltd (the 'chorltoble compony) for the year ended 31 Morch 2024 which comprise the Statement of financial activities, the Bolonce sheet, the Statement of cash flows ond the related notes. including a summory of significant occounting policles. The financial reporting framework thot has been applied in their preporotion Is applicable low and United Kingdom Accounting Stundords. including Financiol Reporting Stondard 102 'The Financiol Reportlng Standord opplicable in the UK and Republic of Irelond, (United Kingdom Generolly Accepted Accounting Proctice). In our opinion the finoncial statements.. give a true and fair view of the state of the choritable compony's affairs os ot 31 March 2024 and of its incomlng resources and application of resources. including ils income and expenditure for the year then ended. have been properly prepored in accordonce with United Kingdom Generally Accepted Accounting Practice: ond have been prepored in accordance with ihe requiremenls of the Companies Act 2006. Basls for opinion We conducted our audit in accordance wlth Internotional Standards on Auditing (UK) (ISAS (UK)) and applicoble law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the oudit of the financiol stotements section of our report. We ore independent of the charitoble company in occordance with the ethical requirements that ore relevant to our oudit of the finonclal statements in the United Kingdom. including the Financlal Reporting Council's Ethical Standord. and we hove fulfilled our other ethical responsibilities in occordance with these requirements. We believe that the aLidit evidence we have obtained is svff Icient and appropriale to provide a basis for our opinion. Emphasis of mattter - financial statements prepared on o basls other than golng concern. We drow ottention to note 2.2 in the finoncial stotements which indicates that, due to increasing respite care costs. Birminghom Multi-core Support Services Limited has ceased trading after the bolonce sheet dote. As stated in note 2.2. these conditions indicate thot the use of the going concern bosis of accounting is not appropriate. Ovr opinlon is not modified in respect of this motter. Our responsibilities ond the responsibilities of the Trustees with respect to going concern ore described in the relevont sections of this report. Poge 7 Birminghom Mvlti-care Support Services Ltd (A company limited by guarantee) Independent AudIt0￿$ Report to the Members of Birmlngham Multi-care Support Services Ltd (continued) Other informatlon The other information comprises the inform(Xion included in the Annuol report other thon the financial stotements and our Auditor's report thereon. The Trustees ore responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information ond. except to the extent oiherwbse explicitly stated in our report, we do not express anu form of assuronce conclusion thereon. Our responslbility 15 to read the other Snformotion and. in doing so. consider whether the other Snformotion is maleriolly inconsistent wlth the financial statements or our knowledge obtoined in the course of the audit. or otherwise appears to be materiolly mlsstoted. If we identify such moteriol inconsistencies or apparent materiol mi5Statements. we ore required to determine whether this gives rise to a material misstotement in the finonciol statements themselves. If. based on the work we have performed, we conclude thot there is a materiol misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescrlbed by the Companles Art 2006 In our opinion. based on the work vndertaken in the covrse of the oudit.. the information given in the Trustees, report for the finonciol year for whlch the financial statements are prepared is consistent wlth the finoncial statements. the Trustees, report hos been prepared in accordance with opplicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of our knowledge ond understanding of the charitable compony and ils environment obtained In the course of the audit. we hove not identified materiol misstatements in the Trustees, report. We hove nothin9 lo report in respect of the following matters In relation to whlch Componies Act 2006 reqvires us to report to you if. in our opinion.. adequate occounting records have not been kept. or returns adeqvote for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns., or certoln disclosures of Trustees, remuneration specified by low are not mode. or we have not received all the information ond explanatlons we reqvire for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small componies regime ond take advantage of the small companles, exemptions in preparing the Trustees, report and from the requirement to prepore o Strategic report. Poge 8 Birmingham Multi-care Support Services Ltd (A company limited by guorantee> Independent Audltor's Report to the Members of Birminghom Multi-care Support Services Ltd (continued) Aesponsiblllties of trustees As explalned more fully in the Trustees, responsibilities stotement, the Trustees (who ore olso the directors of the charitable company for the purposes of company low) ore responsible for the preparation of the f inanciol statements and for being salisfied thot theu give o true and foir view, ond for such internal control as the Trustees determine Is nece5sory to enable the preporotion of financial statements thot are free from moterial misstotement. whether due to froud or error. In preporing the finonciol statements. the Trustees ore responsible for assessing the charitoble company's ability to continue as a going concern, disclosing. as applicoble, motters related to going concern ond uslng the going concern basis of occounting unless the Trustees either intend to Ilquidate the charitable compony or to ceose operations. or have no realistic alternotive but to do $0. Audltor's responslbilities for the audit of the flnancial stotements Our objectives ore to obtain reosonable assurance obout whether the finonciol stotements os o whole are free from moteria1 misstotement. whether due to fraud or error. ond to issue an Auditor's report that Includes our opinion. Reasonable ossurance is a high level of assurance. but is not a guorantee that an audit conducled in occordance with ISAS (UK) will always detect a materiol misstatement when it exists. Misslotements can arise from fraud or error ond are considered moteriol if, individuolly or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these f inanciol statements. Irregularities. including fraud, ore instances of non-complionce wlth lows and regulations. We design procedures In line with our responsibilities, outllned above, to detect moterial misstatements in respect of irregularitie5. includlng fraud. The extent to which our procedures are copable of detecting irreguloritles, including f roud is detailed below.. Our approach to identif ying and assessing the risks of moteria1 misstatement in respect of irregulorities. including froud ond non-compliance with laws ond regulations. wos as follows.. the senior stotutory ouditor ensured thot the engo9ement teom collectively hod the appropriote competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.. we identified the laws und regulations opplicable to the charitable company throu9h discussions with directors and other monogement. ond from ovr commerciol knowledge and experience of the charity sector.. we focused on specific lows and regulotions which we considered moy have a direct material effect on the finoncial statements or the operations of the chorltable company. Including the financial reporting legislation. Companies Act 2006. Chorities Act 2011. toxation legislation. onti-bribery, employment, ond environmentol ond health ond sofety legislotion.. we ossessed the extent of compliance with the laws ond regulations identified above through making enquiries of monagement and inspecting legol correspondence,. ond identified lows and regulations were communicated within the avdit teom regvlorly ond the team remained olert to instances of non-compliance throughout the audit. Page 9 Blrmingham Multl-core Support Servlces Ltd (A company limited by guarantee) Independent AUdit0￿S Report to the Members of Birmingham Multi-care Support Services Ltd Net current assets 672.373 369,640 Total net assets 1.302.373 1,244,000 Chorlty funds Restrlcted funds 14 630.000 874,000 Unrestricted funds 14 672.373 370,000 Totol funds 1.302.375 1.244.000 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to occounting records and preparotion of financial statements. The financiol statements hove been prepared In accordonce with the provl$1ons applicoble to entitie5 svbject to the small companies regime. The finonclol statements were approved ond authorised for Issve by the Trustees ond signed on their behalf by.. Fmc Choir of Trustees onn Date.. 31 October 2024 The notes on pages15 to 30 form port of these finonciol statements. Page 13 Birmingham Multl-care Support Services Ltd {A company limited by guarantee) Statement of Cash flows For the year ended 51 Morch 2024 2024 2023 Note Cash flows from operotlng actlvitles Net C05h used in operating activities 16 100.560 (154.528) Cash flows from Investlng octlvltles Proceeds from the sole of tongible fixed assets 245.772 Net cash provided by investing artivities 245.772 Chonge In cash and cosh equlvalents In the year 346.332 054.528) Cosh ond cosh equivolents ot the beginning of the year 272.191 426.719 Cash and cash equivalents at the end of the year 17 618.523 272,191 The notes on pages15 to 30 form part of these financial statements Page 14 Birmingham Multl-care Support Services Ltd (A company limited by guarontee) Notes to the financial stotements For the year ended 31 March 2024 General information Birmingham Multi-core Support Services Limited is o charltable compony Incorporoted under the Companies Act in England ond Wales and registered with the Charity Commission for Englond ond Wales. The oddress of the registered off ice Is given in the Compony information section of these f inonclal slatements. The nature of the Choritoble Company'5 operations and its principal octivities are to provide a range of core ond support services to children, young people, adult5 ond family corers ocross Birminghom. Aecountlng policies 2.1 Bosls of preparotlon of financlal statements The financiol statements have been prepared in accordance with the Chorities SORP (FRS 102) - Accounting and Fieporting by Chorities". Statement of Recommer)ded Proctice applicoble to chorities preporing their occounts in accordance with the Finonclal Reporting Standard opplicable in the UK ond Republic of Ireland (FRS 102) (effective 1 Jonuory 2019). the Financial Reporting Stondard applicable In the UK ond Republic of Irelond (FRS 102) and the Companies Act 2006. Birmlngham Multi-care Support Services Lid meets the definition of o public benefit entity under FAS 102. Assets and liobilities are initiolly recognised ot hlstorical cost or transactiori value unless otherwise stated In the relevant accounting policy. 2.2 Golng concern Following a decislon by the Trustees since the balance sheet date to permanently cease all activrties due to increosing respite core costs adversely Impacting the flnancial viobility of the Choritoble Company, the golng concern basis of accounting is not oppropriote in the preparation of these financial stalements. For this reason. a basis other than going concern has been odopted. Under this basis. assets have been valued ot their recoverable omount bosed on conditions existing ot the balance sheet date. Where applicoble. contractual commltments hove been provided for where they have become onerous as a consequence of the decision to ceose troding. 2.3 Income All income is recognised once the Choritoble Company hos entitlement to the Income. it is proboble that the income will be received and the omount of income recelvable con be measured reliably. Grants are included in the Stotement of finonciol activities on o receivoble basis. The balonce of Income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet, Where income is received in advance of entitlement of receipt. its recognition is deferred and included creditors as deferred income. Where entitlemenl occurs before income is received, the income is accrued. Incoming resources from gronts. where reloted to performonce and specific deliverables, ore accounted for as the Charity earn5 the right to consideration due by Its satisfoction of performance obligations. Income received throvgh contracts is recogni5ed from the point in which the Charitable Company hos entitlement to the funds. contract conditions hove been fully met or it is probable that the income will be received. Poge 15 Blrmingham Multi-care Support Services Ltd (A company limited by guarantee) Notes to the financial stotements For the year ended 51 March 2024 Accounting policies {continued) 2.4 Expendlture Expenditure is re.cognised once there is o legol or constructive obligation to tran£fer economic benefit to a third party, it is probable that a tronsfer of economic benefits will be required in settlement ond the omount of the obligotion can be measured reliably. Expenditure is classlfied by activity. The costs of each activity are made up of the total of direct costs ond shored costs. including support costs involved in undertoking each octivity, Direct cost5 ottributoble to a single activity ore allocoted directly to that actlvlty. Shared costs whlch contribute to more thon one activity and support costs which ore not attributoble to a single activity are apportioned between those octivities on o basis con51Stent with the use of resources. Centrol staff costs ore ollocoted on the bosis of time spent. and depreciation charges allocated on the portion of the asset's use. Governance costs include those costs ossocloted wlth meeting the constitutlonal and statutory requirements of the Charity and include audit fees and costs linked to the strategic management of the Charity. Expenditure on choritoble actlvitles Is Incurred on dlrectly undertaking the activltles whlch fL*rther the Charitable Company's objectives. as well os any associated support costs. All expenditure 15 inclusive of irrecoveroble VAT. 2.5 Government grants Government grants are credited to the Statement of finonciol octivities as the related expenditure is incurred. 2.6 Taxation The Charitable Company is considered to poss the tests set out in Poragraph 1 Schedule 6 of the Finance Act 2010 ond therefore it meets the definition of a charitoble company for UK corporation tax purposes. Accordingly, the Charitable Company is potentiolly exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Port 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxotion of Chargeable Gains Act 1992. to the extent that such income or gains ore applied exclusively to charitable purposes. Page 16 Blrminghom Multi-care Support Services Ltd (A company Ilmlted by guarantee) Notes to the finonciol statements For the year ended 31 March 2024 Accounting policies (continued) 2.7 Tanglble fixed assets and depreciotlon Tongible fixed assets costing £1,000 or more are capitolised and recognised when f utvre economic benefits ore probable ond the cost or value of the asset can be measured rellably. Tangible fixed assets are initially recognised ot cost. After recognition, under the cost model, tongible fixed assets ore measured ot cost less occumulated depreciotbon and any occumulated impoirment losses. All costs incurred to bring a tangible fixed asset into its Intended worklng condition should be included in the measurement of cost. Freehold properties are initially recognised ot cost. After recognition. under the revaluation model, tongib5e fixed assets whose fair value can be meosured reliably sholl be corried ot o revalued amount. being their foir volue at the date of revaluation less any subsequent accumuloted depreciation ond subsequent occumulated impoirment losses. Revaluotions are mode with sufficient regularity to ensure that the carrying amount does not differ moterially from thot which would be determined using foir value at the end of the reporting date. Fair volues are determined from morket-based evidence by appraisal that is normally undertaken by professionally qualified valuers. If there is no market-bosed evidence of foir value because of the specialised noture of the tangible fixed osset and it is rarely sold, except 05 Port of a contributing business, o Choritable Compony may need to estlmate fair volue using on income or depreciated replacement cost opproach. Goins ond losses on revaluation ore recognised in the Statement of financial octivities. with a separate revaluation reserve being shown In the Statement of funds note. within restricted funds. At eoch reporting date the Charitable Company assesses whether there is any indicotion of impairment. If such indication exists. the recoveroble amount of the ossel is determbned to be the hlgher of its fair volue less costs to sell ond its value in use. An impoirment loss is recognised where the carrying omovnt exceeds the recoverable amount. Page 17 Birminghom Multi-care Support Services Ltd (A company limited by guarantee) Notes to the financlol stotements For the year ended 31 Morch 2024 Accounting pollcies (contlnued) 2.7 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocote the cost of tongible fixed ossets less their re5iduol valve over their estimated useful lives, vsing the strolght-llne method. Depreciation is provided on the following bosis.. Freehold property Motor vehlcles Fixtures or)d fittings Office equlpment 2% straight-line 25% straight-line 25% straight-line 25% stralght-llne The ossets, residual values. useful lives and depreciation methods are reviewed. and adjvsted prospectively if oppropriote. or if there is on indication of o significont change since the lost reporting dote. Gains and losses on dlsposals ore determlned by comparing the proceeds with the carrying amount and are recognised in the Stotement of financial activities. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered, Prepayment5 are volued ot the omount prepoid net of ony trade discounts due. 2.9 Cash at bank and in hand Cosh at bonk ond in hand includes cash ond short-term highly liquid investments with a short moturity of three months or less from the date of acquisitlon. 2.10 Liabilities and provisions Liabilities ore recogni5ed when there 15 on obligotion ot the Balonce sheet date as o result of a post event. it Is proboble that o transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliobly. Liobilities ore recognised ot the omount thot the Charitable Compony anticipates it will pay to settle the debt or the amount it has received as odvanced payments for the goods or services it must provide. Provisions ore me05ured ot the best estimate of the omounts required to settle the obligation. Where the effect of the tlme value of money is materlol. the provislon Is bosed on the present value of those amounts, discounted at the pre-tax discount rote thot reflects the risks Specific to the liobility. The unwinding of the discount is reco9nised in the Stotement of tinonciol octivities as o finance cost. Poge 18 Birmingham Multi-care Support Services Ltd (A company limited by guorontee) Notes to the financial statements For the year ended 31 March 2024 Accounting policies (contlnued) 2.11 Flnancial instruments The Choritoble Company onlu hos financial ossets and finonclal liabilities of a kind that qualify os basic finonciol Instruments. Basic financiol instruments ore inltially recognised at transaction volue and svbsequently meosured at their settlement value with the exception of bank loans which ore subsequently measured ot omortised cost using the effective interest method. 2.12 Operatlng leoses Rentals paid under operating leases ore charged to the Statement of financial octivities on o stroight-line bosis over the lease term. 2.15 Penslons The Charilable Company operotes a defined contribution penslon scheme ond the pension chorge represents the amounts poyable by the Choritable Compony to the fund in respect of the year. 2.14 Fund accounting General funds ore unrestricted funds which ore ovailable for use at the discretion of the Trustees In f urtheronce of the generol objectives of the Charitable Company and which have not been designoted for other purposes. Restricted f vnds are funds which ore to be used In accordonce wlth specific restrictlons imposed by donors or which have been roised by the Choritoble Company for particvlor purposes. The costs of raising and administering such f unds are chgrged against the specific f und. The aim and use of each restricled f und is set out in the notes to the f inoncial statements. Page 19 Blrmingham Multi-care Support Servlces Ltd (A company Ilmlted by guarantee) Notes to the flnonclol stotements For the year ended 31 March 2024 Critical accounting estimates and areas of ludgement In the opplicotion of the choritoble compony's occovnting policies, the Trustees are required to make judgements. estimates and assumptions about the corrying omount of ossets ond liobilities thot ore not reodily apparent from other sources. Estlmotes and judgements are contlnually evaluated and ore bosed on historicol experience ond other foctors. including expectotions of future events that are believed to be reasonable under the circumstances. The choritoble compony mokes estimotes and ossumptions concerning the future. The resulting accounting estimates and assumptions will. by definition. seldom equal the reloted actual results. Revisions to occounting estimotes are recognised in the period in which the estimote 15 revised where the revision affects only that period. or in the period of the revision and future periods where the revlslon offects both current and future periods. Critical accounting estimates ond assumptions.. Depreciation - Useful economic life and reslduol value Tangible fixed ossets ore depreciated over their useful lives toking into occount residual volves where opproprbate. The actual lives of the assets and resldual values ore ossessed onnuolly and moy vory depending on a number of foctor& In reossessing the useful economic lives of assets, foctors SL)ch as technological innovotion, product life cycles ond mointenonce progrommes ore token into occount. Residual value ossessments consider issues such as future market conditions. the remaining life of the osset ond projected disposal volue5. and plons to disp05e of on osset before the previously expected date. Income from donatlons ond legacies Unrestricted funds 2024 Restricted fvnds 2024 Total fvnds 2024 Gronts 151,538 151.538 Unrestricted f unds 2023 Restricted funds Totol funds 2023 2023 Gronts 22.932 159.286 182,218 Page 20 Birmingham Multi-care Support Services Ltd (A company Ilmited by guarantee) Notes to the financial statements For the yeor ended 31 Morch 2024 Income from choritoble activities Vnrestricted funds Totol funds Total funds 2023 2024 2024 Provision of care ond support services 408.349 408.349 644.996 Income in 2023 wos wholly attribvtoble to unrestricted funds. Other Incomlng resources Restrlcted funds 2024 Total funds 2024 Totol funds 2023 Surplus on disposol of fixed assets 20,355 20.355 Page 21 Birmingham Multi-care Support Servlces Ltd {A company Ilmited by guorontee) Notes to the flnanclal statements For the year ended 31 March 2024 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Restricted funds Total 2024 2024 Wages and salorles Other direct costs 244.761 151.538 396.299 99.368 99.368 Governoce costs 7.260 7.260 Depreciotlon 358 18.584 18.942 351.747 170,122 521.869 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 Woges ond salories Other direct Costs 505.583 159.286 664.869 124.374 124,374 Governance costs 11.880 11,880 Oepreciation 1.291 19.000 20,291 643.128 178.286 821.414 Audltorfs remvnerotlon 2024 2023 Fees payable to the Charitoble Compony's ouditor for the oudit of the Choritoble Company's annual accounts 9.240 9.880 Fees poyoble to the Choritable Compony's auditor In respect of.. All non-audit services not Included above 2.000 Page 22 Blrmingham Multl-care Support Services Ltd (A company limlted by guarantee) Notes to the finonclal statements For the year ended 31 March 2024 Staff costs 2024 2023 Wages and salaries Social security costs 364.617 613.803 25.825 41.032 Penslon costs 5.857 10,054 396.299 664,869 The overoge number of persons employed by the Choritoble Compony during the yeor was os follows.. 2024 No. 2023 No. Operational 20 55 No employee received remunerotion amounting to more thon £60.000 in either year. The poreni chority took on overoll key management responsilibillties in April 2018. therefore key management remuneration Is detailed in the porent's financial statements. io. Trustees, remuneration and expenses During the yeor, no Trustees recelved any remuneration or other benefits (2023 - £NIL). During the year ended 51 March 2024. no Trustee expenses hove been incurred (2023- £NIL). Poge 23 Birmingham Multi-care Support Services Ltd (A company limited by guarantee) Notes to the financial stotements For the year ended 31 Morch 2024 11. Tangible fixed assets Freehold property Office equlpment Fixtures and fittings Total Cosi or valuatlon At l April 2023 Disposols 950.000 4.059 1.650 955.709 (250.000) (250.000) At 31 March 2024 700.000 4.059 1.650 705.709 Depreciation At 1 April 2023 Charge for the yeor On disposols 75.999 5.700 1.650 81.349 18.584 359 18.943 (24.583) (24.583) At 31 March 2024 70.000 4.059 1.6SO 75.709 Net book value At 31 March 2024 630.000 630.000 Al 31 March 2023 874,001 359 874,360 Freehold property consists of two properties. 4 Greswolde Park Road and 7 Silver Birch Road. These properties were revalued in August 2019 at £350,000 eoch by an independent property services ond estate ogency company based on open market value. Page 24 Birminghom Multi-care Support Services Ltd (A company Ilmited by guarantee) Notes to the finonclal statements For the yeor ended 31 Morch 2024 12. Debtors 2024 2023 Trade debtors 59.135 182,369 Other debtors 2.223 6,427 Prepayments and occrued income 53.677 46.821 95.033 235.617 13. Creditors: Amounts falling due within one year 2024 2025 Trade creditors 591 8,711 Amounts owed to group undertakings Other toxotion and sociol security 5.272 45.876 8.100 8,532 Other creditors 17.825 61.287 Accruals and deferred income 9.395 13.762 41.183 138.168 Amounts owed to group undertokings are repoyable on. demond, interest free and hove no fixed dote of repoyment. Poge 25 Birminghom Multi-care Support Servlces Ltd (A company limited by gvorantee) Notes to the financiol statements For the year ended 31 March 2024 14. Statement of funds St 411.850 68.239 (68.239) Silver Birch Road 83.299 (85.299) 874.000 171.893 070.122) (245.7n) 650.000 Total of funds 1.2H.000 580.242 (521.869) 1.502.373 Poge 26 Birmingham Multl-care Support Services Ltd (A company Ilmited by guarantee> Notes to the flnonclal statements For the year ended 31 Morch 2024 14. Statement of funds (continue Greswolde Park Road 8irminghom City Council funds the gront to Greswolde Pork Road core home. The grant enables the provision of respite care services. The care services ore provided in a property that was granted by the Secretary of Stote for Health with conditions that the monies be repaid should certain conditions not be met. Silver Birch Rood Birminghom City Council f unds the grants to silver Birch Road care home. The grant enables the provislon of respite care services. The core services ore provided in o property that was granted by the Princess Royal Trusl For Corers and Birminghom City Council with conditions that the monies be repoid should certoSn conditions not be met. Freehold property Greswolde Pork Rood The Charity received a grant of £174,799 towards the purchose and conversion of 4 Greswolde Pork Rood. Acocks Green. Birminghom.. f rom the Secretary of State for Heolth wlth a provision that the monies be repaid should certain conditions not be met. As secvrity for repoyment. a charge on the property was executed in fovour of ihe Secretary of Stote. Sllver Birch Road The compony olso received a grant of £263.600 lowords the purchase. conversion and running cost5 of 7 Silver Birch Rood. Erdington. Birminghom f rom the Princess Floyal Trust For Corers and Birmingham City Council with o provision thot the monies be repaid should certain conditions not be met. As security for repayment. o chorge on the property was executed in favour of Birmingham City Council of £120,000. Braithwaite Road The company received o grant of £104,495 towords the purchase and conversion of 7 Broithwaite Rood. Sparkbrook. Birmingham from Birmingham City Council Social Services Department, with a provision that the monies be repaid should certain conditions not be met. As security for repayment, o charge on the property was executed in fovour of Birmingham City Council of £75,000. Freehold property cost represents the valve of the properties purchased. Freehold property revaluation represents the unrealised goins orising on the revaluation of freehold properties. Transfers between funds The tronsfer of £245.771 in the year from restricted fixed asset funds lo unrestrScted funds represents the sole of 7 8raithwoite Road,. the reolisotion of a cash return on the sale of the freehold property and therefore the conversSon of restricted capitol funds into unrestricted funds. Poge 27 Blrmlnghom Multl-care Support Servlces Ltd (A compony Ilmlted by guorontee) Notes to the flnanclal statements For the year ended 31 March 2024 14. Statement of funds {contlnued) Statement of funds - prior year Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Unrestricted funds Generol Funds 345.200 667,928 (643,128) 370.000 Restricted fvnds Freehold property - C05t Freehold property - revaluation Gre5wolde Park Rood 255.734 (19.000) 236,734 637.266 657,266 87,608 (87.608) (71,678) Silver Birch Rood 71,678 893.000 159.286 (178.286) 874.000 Totol of funds 1,238.200 827.214 (821.414) 1.244.000 15. Anolysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tanglble fixed ossets Current ossets 630,000 630.000 713.556 713.556 Creditors due within one year (41.183) {41.185) Total 672,373 630,000 1.302.375 Page 28 Birmingham Multi-care Support Services Ltd (A company limited bu guarontee) Notes to the flnancial statements For the yeor ended 31 March 2024 15. Analysis of net assets between funds (continued) Analysls of net ossets between funds - prlor year Unrestricted funds 2023 Restricted f unds 2023 Totol f unds 2023 Tangible flxed assets 360 874.000 874.360 Current ossets 507.808 507,808 Creditors due wlthln one year (138,168) (158.168) Total 370.000 874.000 1,244.000 16. Reconciliotlon of net movement In funds to net cash flow from operating actlvltles 2024 2023 Net income for the period (as per Statement of Flnanciol Activities) 58.375 5,800 Adjustments for: Depreciotion charges Surplus on the sale of fixed assets Oecrease/(increose) in debtors Decrease in creditors 18.942 20.291 (20.555) 140.585 (91.392) {96.985) (89.227) Net cash provided bu/(used In) operating actlvlties 100.560 (154.528) 17. Analysis of cash and cash eqvlvalents 2024 2023 Cash in hond 618.523 272,191 Total cash and cash equivalents 618.523 272.191 Page 29 Birmingham Multi-care Support Services Ltd (A company limited by guorontee) Noies to the financiol statements For the year ended 31 March 2024 18. Analysis of changes in net debt At l April 2023 At 31 Morch 2024 Cash flows Cosh at bonk and in hond 272.191 346.332 618.523 19. Pension commitments The Chority operotes o defined contribution pension scheme. the ossets of which are held separately from those of the Charity in an independently odmini5tered fund. The pension cost charge represents contributions payable by the Charily to the fund ond amounted to £5.857 (2023 - £10,034). Contributions totalling £1.387 (2023 - £Nil) were payable to the fund ot the balance sheet date and are included in other creditors. 20. Operatlng lease commitments The Charitable Company had no commrtments under non-concelloble operating leases at 31 Morch 2024. 21. Related porty transactions The Charity entered into reloted porty tronsoctions wbth Midland Mencap, the parent charity ihot provides oll functions of finonciol services. strategic and operational management. Amovnts chorged by Midlond Mencap to cover these servlces totalled £101,560 (2023 - £98,706). The bolance due to Mldland Nencap at year end was £5,272 (2023- £45,876). 22. Controlllng party Birmingham Multi-core Support Services Limited is o wholly owned subsidiary and the immediate parent undertoking is Midlond Mencap. whose registered office is Unit E Pinewood. Bell Heoth Woy. Woodgote Busine55 Pork, Birminghom. B32 2BZ. At 31 Morch 2024, the ultimote controlling party is considered to be the parent chority's Boord of Trustees. Midland Mencap's operotions ond principol octivlties ore to provide a wide ronge of services to people with learning disobilities. which include Home Support. Supported Living, ond the Corers Emergency Response Service (CEFiS) under the charity's CQC registered domiciliory core services. Learnlng Disability Community Wellbeing Service (CWS), Sitting Service, Plocing Vulnerable Urban Residents into Employment ond Training (PURE) and Hovsing Monogement Servlces. Consolidoted finonciol statements of the group headed by Nidlond Mencop, incorporoting the results of Birminghom Nulti-care Support Services Limited. can be obtained from its registered office or Companies House. Page 30