Bromley Mencap Report and Accounts for the year ending 31 St March 2022 Bromley Ilencap A Cwipany Limited by Guarantee. Registered in England & Wales ND 2179385 BrleY Mencap is a Registered Charity. NO 685
Brom Merwi Table of Contents Trustees, Annual R8port....................................................................................... Structtjre, G0veM8 & Manag6ment........................................................... ..... ... Obj'ectives, & Public Benefft... FUndraing....... Achiev6ments & PerfcmaTh2............................................................... .... Chaimn.$ Report....................................................................... Chief Executive's Report............................................................................................ FLrture Strategy.............................................................................................. Finanaal Review......... -.... -...-.... 12 Financial Posrtion and PerfoMae..................................... 12 Reserves Policy......................................... ... 13 Risk Managemenl.-..-..............................................................-..- .. 13 Investment Pdy................................................................................................................... 13 Staternent of Trustees, R¢swn$Exlhtigs................................................................................................ 14 Independent Auditorfs Reporttrj thè ofBr£¥n Merwi................................................................... 16 Finanaal StatEments forthe Year Ended 31st March 2022................................................................................ 20 Statement of Financial Activities 1]ncF*atiftll an Inc£ffte and Expenditure Account} for the Year Ended 31 March 2022 .. .20 Balance Sheet as at 31st March 2022..... .21 Statement of Cash Flows for the Year Ended 31st March 222............................................ Analysis of ehangè ui net dèbt............................................................. -23 Note5 to the A(rounls............................................................... . . .. . -24 1. Accounting POle$................. ................ .24 Statement of Financial ActivitEs jlnc(rywating an Inccffie and Expenditure Accountj for the Year Ended 31 March 2021 ............................................... .26 2. Income from Charilable Acbvibes..-.................................................................................... 27 3. Donations and Leg8cies.--.... .28 4. Income from Other Trading Actimties........ .29 5. Investment Income.............................. .29 S. Expenditure- Tolal.........-..-....-...-..-.................................................................................... 29 7. Expenditure- Other Direct Cosls................... .. ..... .30 8. Expend(£ure- Support Costs.. 31 9. Allocation of Support Costs............. .32 10. Expenditure- Staff Costs............................. .32 11. Net income I lexpendrturel for the year.... .33 12. Donated Services aThJ Facilrttes............................... .33 13. Indemnity 1nsurae...... 14. Grants to FamifEs................................. 15. Trustees, Remuneration and Beneffts.............................................................................. 16. Tangible Fixed A$sets.................................- 17. Fixed Asset Investrnents............................. 18. Debtors........... .. 19. Inveslments......-...... . .. . 2D. Credilors..................................................-- 21. Operating Lease Commitments .............. 22. Analysis of Nal Assets tetsveen Funds................ 23. Movements in Funds.......... 24. Legal status of the charty......................-- 25. Relaled party trans8Cth)ns..... .. .34 .35 .35 .36 .36 .37 .38 .40
Brcrfnlvy hknp Reference & Administratwe Information Trustees P Prenti A Kean M Moore B Austyn-Jones M Deves G Gostt K Farina Dr D Lambauer P Nash J Spencer P Williams Chairman Vice Chairman Hon. Treasurer Left 1412r22 Left 1919121 Started 2019121 Mana ement Personnel E Lynch MBE Chief Executive S Barnes Deputy Chief Executive C Slone Head of Services (Children & Adults) N Chetty Employment Services Manager (Started June 21) Name & Re istered Office of the chari The full name of the charity is Bromley Mencap and its registered office is Rutland House. 44 Masons Hill, Bromley. Kent BR2 9JG Auditors Goldwins, 75 Maygrove Road, West Hampstead. London, NIM 2EG Bankers Barclays Bank PLC. 1 Churchill Place, London. E14 5HP Investment Mana ers Investec Wealth & Investment Ltd. 30 Gresham Street, London. EC2V 7QN
BrOmY Mert4) Trustees, Annual Report The Trustees, who are also directors of the charty for the purposes of the Companies Act, have pleasure in submitting theirannual reportand audrted financial statementsfor the year ended 31st March 2022. The charty is a charitable company limited by guarantee and was incorporated on 16 October 1987. It is governed by Articles of Association, which were last amended in October 2011. Structure, Governance & Management The charity is managed by a board of trustees elected by the membership, although the board also has the power to Co-opt Irustees during the year. Co-opted trustees are subject to approval by the membership at the next AGM. All new trustees undertake an induction period which includes training on good governan and kgal responsibilities. The board employs a chief executive to manage the organisation on a day-toaY basis. He is supported by a senior management team. There are clear reporting structures in pla and every staff member has formal supervision with their manager. The chief executive reports directly to the board, who meet bi-mnthly- Bromley Mencap has six sub-committees which have trustee and member representatives. The sutFcommittees meet regularly and report lo the Council of Management. The charity wotks to a five-year Strategic Plan which has annual work programmes. A report on the yearfs activities and work towards the organisation's objectives is presented each year to the Annual General Meeting. Bromley Mencap operates a policy of equal pay and aims to ensure that salaries reflect the knowledge, skills, responsibilities and personal competencies required for the satisfactory performance of each job. We use objective measures to detemiine our job levels and associated salaries. These are also set in the context of the jobs market and comparisons are made with similarjobs in other charities and relevant organisations. For our employees we operate a consistent remuneration policy across all levels of the organisation including our Chief Execulive and Key Management Personnel. The remuneration policy of Bromley Mencap is set by the Finance & General Purposes Committee, a sub-committee of our Board of Trustees. Objectives. Activities & Public Benefit The charitys objectives as stated in the revised governing document are the relief of people with disabilities, their families. dependants and carers, by the provision of seiS, support and infomation, leading to independent living opportunitieslimproved life chanS and by challenging discrimination through campaigning, lobbying and promoting user representation. 'DisabiliW is defined as 'A physical, sensory, leaming or mental impaimient which has a substantial and bng-lenn adverse effect on a person's abilty to carry oul day- to-day activities,.
Bromley Mencap We seek to improve the INes of people with a disability, their parents and carers in whatever way we can. We achieve this by delivering a WKle range of preventative, person-centred quality services including a telephone helpline. advocacy, informalion, advice and guidance, family support, an employment scheme, buddying for young disabled people, respite and short breaks, domiciliary care, social and leisure activtlies. a day opportunities programme, a specialised training centre, childminding. young carers support, peer support for older and mutual carers and independent living classes. As a member-led organisation all our seNices are consulted. evaluated, shaped and desrgned with disabled people and carers leading to improved health and well-being. We campaign and lobby at local level lo ensure the voice and rights of disabled people and carers are represented. We work closely and in partnership with other organisations who share our values, both in the Borough of Bromley and elsewhere. We work closely with the London Borough of Bromley and deliver services through consortia and partnerships. We are a foundermember of Bromley Third Sector Enterprise CIC and our Chief Executive is one of its directors. We are affiliated to national Mencap but receive no funding frorn them. Bromley Mencap is a user and member-ted organisation wf(h over 1,000 members. Members are represenled on our sub-committees and Board of Trustees. All our activities, which are reported on below. focus on delivering our charitable aims and objectives and we refer to the Charity Commission's general guidance on public benefit when reviewing them and formulating our business plans. We are satisfied that Bromley Mencap is providing public benefit.. regard for public benefft is included in the induction and training for all trustees, who look at the charity's activities in the round in order to decide what benefit to the public at large they can realistically provide. We are supported by a strong team of 80 loyal and dedicated volunteers who help with fundraising, Offi administration and offer a range of support across a number of our seNIs. Fundraising Bromley Mencap has considered the reporting requirementsof the Charities (Protection and Social Investment) Act 2016 and fundraising is compliant with the recognised standards of fundraising (sel out in the Code of Fundraising Practi) as well as those required under charity law and wider law. The charity employs a part-time Communty & Corporate Fundraiser who is line managed and supervised by the Chief Executive who has overall responsibilty for fundraising. An independent consultant provides expertise and professional support directly to the Chief Executive in respect of grants and trust applications. We have a small number offundraising volunteers who are supervised and supported by the Community & Corporate Fundraiser. Third party fundraisers are not used. Bromley Mencap works to a fundraising strategy and persons acting on behalf of the charity do not subscribe to specific fundraising standards or a spectfic scheme for fundraising regulation. We closely monitor the fundraising acttvities of any person acting on behalf of the charity- No complaints have been received in respectof our fundraising adivities. which are reported on regularly to the Fundraising SUrnm1ttee. The protection of vulnerable people is central to Bromley Mencap's aims and objectives and the charity is therefore always vigilant lo the need to exercise care in this respect when
Br(n Mencap carrying out fundraising actNities. Achievements & Performance Chairman's Report This year we were delighted to celebrate our Platinum AnnNersary mar*ing 70 years since Bromley Mencap was first established. I hope that the difficult period that we have encountered through the pandernic is comlng lo an end. I repeat what I said last year about how everyone at Bromley Mencap worked so hard to get through the problems and l am pleased to report that we have come out of the difficulties in a strong position. We are continuing to develop our serViS to meet demand as it presents itself throughout the borough. To this end, we opened up a new day seNice in Orpington and have started planning to deliver day seNices to those families who live in the northern part of Bromley at more convenient locations, to reduce the need to travel across the borough. I said last year that we were pursuing our plans for a new centre for community living to include a head Offi and an accessib]e base at premises on Bromley Common. Unfortunately. a combination of planning difficulties which would have prevented us from providing any meaningful day services, and the alarming cost of converting the property to office spa, meant that we made the difficult decision to can1 the project. We sucSsfUllY sold the property at auclion and the search goes on for premises to accommodate our staff and services. In the nantIMe. we are looking for the rnost cost effective short-term leases to satisfy our requirements. I would like to put on record our thanks and appreciation to Mation Moore who has stepped down from the Board after8 years as ourTreasurer. Marion's support over the years. on all finan related matters, has been much valued. Finally, and importantly. I wish to thank all the staff, volunteers and trustees for all that they do in support of Bromley Mencap. Chief Executive's Report l am pleased to report that, despite the ongoing challenges of the Covid pandemic and lockdowns. the organisation had a very successful year marking our Platinum Anniversary. Our brilliant team of staff and volunteers delivered a range of quality, person ntred seTvices, both virtually and face to face. and set up new seiS to meet the needs of more disabled people, carers and families. Some of our key achievements this year include.- Opening a second day service in Orpington which is now fv115 days a week SUC$SfUllY tendering for new contracts including Employment Brokerage, an Autism Family Support Service and a new Short Breaks Servi Launching a new User Involvemenl Project to ensure the views of disabled people and carers are heard and that our services are co-produced with disabled people
Br(Mmley IlaKap Redesigning our website to indude more resources and be more accessible to disabled people Establishing Digital Champion roles to support the digitalÈsation strategy across service5 Successfulty applying lo become a registered training provhler with Open College Nehvork London The year was again significanty impacted by Covid, parlicularly in the earty rnnths. This meant that a major focus remained around promoling the digitalisation of our seNIs, and ensuring access to equipment and support for disabled people and their families. Thanks to additional funding secured through the national Let's Get Digitsl programme. we were able to recruit young adults with learning disabilrties to work as Digital Champions in our Day Opportunities services. providing peer to peer support to help familiarise Servi users with digital tablets and the advantages of using technology. Having provided 85 laptops and tablets for disabled people and their families towards the end of the previous year, this enabled us to ensure that they had lasting use and that clients became familiarwith the new technology. The refresh of our website was compleled, thanks to fvnding frorn the Lottery's Coronavirus Fund. The new website includes an Dvetview of all our seriices, newsletters and additional resources in a clear eaSy-t(Fad style. We continued to produ a series of podcasts in partnership with clients, which have had 875 plays to date. and videos. which have had over 900 views. Demand for our support increased signfficantly, and over the last Iwelve rnonths we saw over 1,500 new referrals across all services. This year. through our outreach programmes, we saw 143 new membersjoin the organisation and we ojntinued to have a membership of over 1,000 people. Qualty lies at the heart of our services and we retained our accreditation for Investors in People, the Advice Qualty Standard. and the DWP Disabilty Confident award. Throughoutthe yearwe attended awide rangeof keystralegic and operational groups within Bromley, both virtually and face to face. to represent the views of our members. These include- Voluntary Sector Strategic NeOrk Bromley Safeguarding Adults Board SEND Governan Board Leaming Disability Annual Heamh Check Task and Finish Group Bromley Children and Families Forum Autism All Age Partnership Board Bromley Mobility Forum Bromley Adult Leaming Board Leaming Disabilty Carers Forum Leaming Disabilty Working Group Leaming Disabilty Partnership Board Leaming Disabilty Provider Hub Meeting and Leaming Disability and Mental Health ProvKler Forum Our partnership working continued throughout the year and, despite the challenges of remote
Brc¥nley Mer working, we maintained many SuSsful collaborative working opportunities with the following organisations: Bromley Third Sector Enterprise CASPA London and Soulh Easl Col*es Parkwood Hall School Royal Mencap MyTime Active Palace for Life Foundation Idverde Eleanor Care Zero to Hero Runners Our annual work programme had challenging targets and included devebping and expanding servi$ in the community. Our work plan was impacted snlCantIY by the pandemic wilh periods of closure due to govemment guidance, and the delivery methods for all our seNices changed to ensure our vulnerable dients continued to receive the support they required during this challenging period. Htghlights of the laste1Ve months include.. Our Day Opportunilies communty-based programme for disabled adults delivered outcomes around increasing independence and promoting life skills. The West Wickham seNice extended from 4 days to 5 days a week from July to meet demand, and the new seNice on Cotmandene CreSnI in Orpington opened for 5 days a week in October. Both serviS operated under a strict Covid risk assessment to keep clients and staff as safe as possible The demand for our Personal Assistant Agency declined during the Covid lockdowns with clients and their families more cautious aboLrt staff coming into their homes. In December we took the decisron to close the PA Agency to concentrate on other projects. In response, we deregistered the servicewith the Care Quality Commission At the Lodge we expanded the capacity of our training courses in Horticullure, Catering and Bicycle Maintenan. This enabled us to increase the number of students from 20 to 32 per week Our community hub provided free bike hire to members of the local community and we worked with day Sep41S and the Oxleas physiotherapy team to set up sessions for clients to promote wellbeing. We continued to be successful in supporting people to access welfare beneffts through our Lottery funded Community Outreach Project securing a total of £250,000 for families. We supported clients at Tribunal to secure backdated payments of £10.000 for welfare benefit awards and also supported wilh applications to small grant funders for white goods and household items. Key successes and achievements within our children and adult support seNices over the last year include: Support to Dver 1,300 families through our telephone helpline and at professional meetings with schools, the local authority and health professionals Development of the Autism Family Support Service and the introduction of a new specialist family support service for those farnilies with more complex needs. Farnilies are supported intensively for etr12 weeks to key targets
Bromley A*ncap Our Children's Wellbeing Seniice, funded by BBC Children in Need. delivered a broad range of support for 140families with a disabled child through communication workshops for parents, hopes and ambition workshops for disabled young people and social and leisure activities for siblings and disabled young people. The project enabled us to deliver trio very popular coach tripsfor 200 people- Legoland and Port Lympne Zoo - as Covid $triCt10n$ started to become relaxed Delivery of 27 online workshops. both in person and using Zoom, for adults with learning disabilities and adults with physical disabilities covering issues around wellbeing. Covid, debt management. housing and scams TWI weekly virtual peer support groups (Film Club and Catch up Friday) for those clients who continued to shield or were anxious about COVKI Creation of peer support groups for our Autism Pathway. to inuease social and leisure opportunities and to reduce isolation Recruitment and training of 3 telephone support volunteers to delrver emotional support to clients The contract for our Saturday Club Resptte Scheme came to an end in March, and we supported 14 clients and their families to transttion to a new provider. The staff team continue to work for Bromley Mencap and were redeployed to the short breaks team and within our day services 1 family accessed our home based sitting service which was linked to the Saturday Club 71 disabled adults attended Monday Aftemoonets. Keep Fic the Outdoor Activtties Club and Zoom Dances 20 infonnative workshops and lunches were provhjed for mutual carers as well as a monthly cookery class 84 families reiVed 8.010 hours of support from our Short Breaks Service through Childminders, Sitters. Community Support Workers or Buddies. Our Education and Employment Se1 delivered seven different contracts over the last year. As Covtd restrictions were lifted we were able to IMpment our Pathways to Employment programme, which provided workshops to young people to develop their employabilty skills. We also restarted our Young Disabled Peoples, Employment Project now known as the Transition Opportunities Project ffOP) which supports young people to break down challenges around transttioning from school to further education or education into employment. The expansion of our employmenl servi$ lo support more young disabled people included Bromley Mencap becoming a registered Iraining provider with Open College Network London in February. This registration will enable us lo deliver accredited vocational and life skills to disabled young peop]e and adults within the borough in the next financial year. Despite the ongoing challenges of the pandemic this year we supported 71 disabled people into mainstream jobs and created a total of 85 volunteering and work experien opportunities.
Bromley Mencap Our job coaching agency provided a supported employment service for disabled people who live in the borough of Bromley and the surrounding areas who have secured paid employment. We matched 28 clients wth a trained job coach who worked with them on employment matters including support at interwiews, inductions. travel training, performance at work and online training Job clubs were hetd weekly across the community and involved leam-building exercises. IT training, mock inteNiew practi and one-to-one job search. Over the past year we have engaged with 177 disabled people in the borough through job clubs, employment drop-ins and comrnunity outreach events Our Step For4vard project, based at Asdey Day Centre, delivered weekly pre- employability workshop sessions for people with leaming disabilities. All candidates have complex needs and the sessions support them to work towards a range of person-centred outcomes. The Step Forward Project supported 15 people with learning disabilities into paid employment and 15 people into volunteering positions. We supported 7 candidates. who were furloughed during lockdown, back into their jobs Our Supported Internship programmes in BTomley and Bexley, in partnership with London and South East Colleges. provided placements and employment opportunities for disabled students. This year the prcoramme supported 28 high needs internship students across Bromley and Bexley by sourcing them intemship placements and providing a job coach through ourjob coaching agency. 7 intemship students were offered paid employment at the end of their internship and six were offered a volunteer placement Our Pathways to Employment Programme delivered weekty workshops to 12 young people supporting them with employment preparation, interview techniques and confidence building. This year the programme has supported 3 young people into paid employmenl, 1 young person into education and another young person into volunteering Our TOP programme supported three young people to transtts.on to the next stage of their life including from sixth fomi to unrversity and from an apprenticeship and alternative education to intemship opportunitie5. This year our Bromley Well Pathways provided Preventale supp)rt to disabled, vulnerable people and carers. 1. 365 adults with learning drfficultiesldisabilrties benefited from individual support and a range of workshops and drop-ins to enhan independence and resilience 2. 360 adults with physical disabilities benefitted from workshops and drop-ins and were supported individualty to enhance their independence and manage their medical impairments. 3. 77 mutual carers received individual support at health related meetings, solicitors, banks, social care and with their general correspondence. 4. 559 young carers were supported by our trained Advisors. Young carers attend leisure activities as a break from their caring duties as well as mentoring, workshops around coping strategies and individual counselling. There were 163 new referrals to this service. A new Young Carer Group was created to work with young carers aged 16+ to support them through transition to adulthood. &. 288 autistic young adults accessed the Autism Pathway and received support around employment, coping with lockdown and maintaining positNe wellbeing. 6. The Education and Employrnent Pathway supported people with leaming disabilities, physical disabiliiies. long tenn health cnditIOnS and mental health
Bromley Pkncap issues. This year our team supported 50 disabled people into paid employment and 69 people into volunteering and work experience. We are very grateful to all our funders withoutwhose support we would not have been able to achieve the wide range of outcomes this year. In particular. we are thankful for new funds we received from a number of funders including BBC Children in Need, City Bridge Trust. Good Things Foundation, Amold Clark Community Fund, Screwfix Foundation. Four Acre Trust, Masonic Charity Trust and the London Borough of Bromley. Despite the dtfficulties of community fundraising caused by the pandemic, we marked our 70th Diamond Platinum Anniversary by setting up the Bromley 70 Challenge throughout July which encouraged people to take on chaInge$ covering 7. 70 or even 700km. A team of Day Servi$ staff completed an impressive 111 laps of Norman Park on July 13th raising over £600, and the challenge raised over £4,000 in total. A Christmas raffle took place along with the resumption of supporter-led events in the local community, including quiz nights, music requests and raffles. Donations were received from several local businesses including from rrEmbers of the Bromley Business Netsvork, Identity E2E, TK Maxx & Homesense Foundation, Grove Pension Solutions Ltd and the Asda Foundation. We received communty donations from Sundridge Park Golf Club. the Parochial Church Council of St Mary's Green Street Green, as well as several significant individualdonations towards ourvision for a Centre for Community Ltving. This year wewere very grateful for a legacy from the H C Allen Will Trust. Thank you to all our sUPPOrters and donors mentioned above and all those thal have not been mentioned here but continue to donate, support and fundraise for us. Future Strategy Our future strategy is outlined in our Strategic Plan 2019 to 2024. Over the next twelve months we will be expanding our services to more vulnerable and disabled people and their families. This will include opening a new Day Opportunities seryice in the north of the borough to meet the growing demand for day Servi$. We will also consult with our clients to determine potential demand for evening and weekend day Ser41 provision. We will be launching our new accredited Training Centre to provide certificated leaming opportunities to support more disabled people into paid employment. We will continue to deliver on our digttalisation strategy to not only ensure our servi$ are accessible to as many people as possible, but also, to supportmore disabled people to use and benefit from technologies. This will be particulady important to support more people around the cost of Irving crisis to enable them to rnaximise their income, secure new welfare benefits and a¢$$ government financial support grants. Our new User Involvemenl Proied will underpin everythirrtJ we do and support disabled people to be at the heart of every development across the organisation and to ensure our ServIS are high quality and person centred. This year we will be undertaking a strategic review Df our Childn'S seN1$ to increase outreach and develop ServIS further to meet local need. We will continue to seek 11
Bromley Mencap alternative premises to achieve our vision of a Centre for Communty Living in the borough. Our strategy will continue to build on our strengths lo provide more and better servi5 to disabled people and their families and carers. Financial Review Financial Position and Performance Despite the ongoing challenges posed by the COVI D-19 pandemic, the charity rernains in a strong financial position and deltvered a postbve financial resutt for the year. The surplus for the year before including the increase in value of the charlvs investment portfolio was £20.220. A final legacy donation of £56,479 was reiVed in the year from the H C Allen Trust. Other generous donations and legacies also supported the charity's position. Income from charltable activitres increased overdll by 20.fi with an increase in self funded income as COMD-19 restrictions eased, increased income from the Department for Work and Pension for the Job Coaching support and new grants for Core Costs received. These were offset by reduced COVID-19 funding and much s$ reliance on the Governement's CJRS 'furiough' scheme. Unrestricted funds showed an operating surplus of £85.291 representing an increase in income from self-funded servIs. together wtth additional commissioned and contracted sery1$. This demonstrates the value which Bromley Mencap delNers for its beneficiaries as demand for these services continues to grow. Restricted funds showed an operating defict for the year of £65.070 before transfers (2020- 21 surplus of £147,049). Deficits are aayS expected in the case of some projects whith are using up income reiVed in previous years. Deficits are either covered by fund reseNes or transfers from unrestricted funds. The investment porttolio showed a gain in value on the year of £24,018, although this has largely been reversed since the year end . by the UnrtaInty in the markets. Following the end of the year, the property al No, 10 Bromley Common was sold and and the mortgage repaid. This will be reflected in the accounts for 22123. 12
Bromley MKap Reserves Policy Unrestricted funds are needed: (a}to provide short temi working Capital should a major planned funding stream unexpectedly cease. (b) to cover governance. fund-raising and support costs without which the charity could not fijnclion and (c) to provide protection for the slaff in the event of organisation being wound up. The trustees consider it prudent that unrestricted reserves should be sufficient.. (i) to cover six months income from our main provider of restricted fijnds (where restricted reserves are insufficient to cover thi5 Ihemselves), (li) to cover nine month's governance, fundraising and support costs and (iiilto cover potential redundancy costs. The level of reserves is monitored and reviewed by the trustees three times a year, whilst the reserves policy is reviewed annualty. At the end of the financial year total funds were £1.953,251 cornprising restricted funds of £576,486 and unrestricled funds of £1.376,765. After deducting designated fvnds and income funds representing fixed assets, the amount of free reserves was £392,928. The level of reserves required by the policy is £459,104 and thus the charty's reserves at the year end were below the level required by the reserves policy by £66.176 (2021.. £127,359). The amount of reserves required by the policy has increased over the last year by £35,408. The shortfall in reserves will be addressed in the comiNJ year through a new fundraising strategy with a focus on corporate giving. Risk Management The charity maintains a risk register which details the main risks to which the charity is exposed and actions to mitigate those risks. These actions are incorporated into the annual Work Programme which is reported on to the trustees. The risk register is reviewed annually by the Finance and General Purposes committee. The register has been kept under review during the changing circurnstances of the COVID- 19 pandemic. Mitigating actions have been taken in areas consKlered at higher risk including the introduction of new or revised systems and procedures and the latest revision of the register has reduced risks in some areas. There are no areas currently considered at high risk. Investment Policy Funds whid) are surplus lo short-term working capital requirements are placed either in deposit accounts and fixed term bonds or in the charitls investment portfolTro managed by Investec Wealth & Investment Limited. The value of the portfolio at the year end was £471,790, representing 38 /0 of the total invested funds at that date. The porttolio manager works within an agreed investment policy which is reviewed annualty by the truslees. The overall investment objective is to provide a 13
Bri¥nley Mencap balanced return between income and capital. The detailed policy includes specifications of the portfolio mix and benchmarks for performance meaSurennt. The policy pre¢ludes direct equity investment in companies with major involvement in tobacco. pomography, gambling, high interest rate lending and armaments and also reseeS the right for the Trustees to exclude investment in companies that carry on activities contrary to Bromley Mencap's aims orwhich would damage the charity's reputation Other cash and short tem deposts of £855.883 at the year end are held with a number of different institutions to reduce risk. Statement of Trustees, Responsibilities The Trustees (who are also directors of Bromley Mencap Limited for the purposes of company law) are responsible for preparing the Twstses, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financkngl Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi1. Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitsble company and of Ihe resutts of the charitable company for that period. In preparing Ihose accounts, the Itustees are required to- select suitsble accounting policies and then apply them consistently; obseNe the methods and principles in the Charities. SORP., make judgements and estimates that are reasonable and prudent. follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts" prepare the accounts on a going cOnM basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posf(ion ofthe charitable company to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees a aware: There is no relevant audit information of which the charitable company's auditors are unaware. The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infonnation and to establish that the auditors are aware of that infom)ation' They have had due regard to guNJan by the Charity Commission in respect of Public Benefit. The trustees are responsible for the maintenance and integnty of the corporate and financial information included on the charitable companyswebsite. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 14
Bromley Ilencap Approval This report was approved by the Board of Directors and Trustees on and signed on its behalf. I I ry LT94*4 2022 P Prentice (Chaimian) 15
Bromley Mencap Independent Auditor's Report to the Members of Bromley Mencap Opinion We have audited the financial ststements of Bromley Mencap (the 'charitable company,) for the year ended 31 March 2022 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unff(ed Kingdom Generally Accepted Accounting Practice). In our opinton, the financial statements= Give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its income and expenditure for the year then ended. Have been propety prepared in accordan with United Kingdom Generally Accepted Accounting Practice. Have been prepared in accordan wtih the requirernents of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities forthe audit of the financial staternents section of our report. We are independent of the charitable company in accordan wtth the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statenients is appropriate. Based on the work we have perfomed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable Company's abilty to continue as a going concern for a period of at ast twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilttEs of the trustees with respect to going concem are described in the relevant sections of this report. 16
Brcfflley WerKap Other Infom)atlon The other information comprises the information included in the trustees, annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other infom)ation contsined within the annual report. Our opinion on the financial statements does not Ver the other infomiation and, excepl to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our responsibility is to read the other inf0mtIOn and. in doing so, consider whether the other information is materialty inconsistent wilh the financial statements or our knowledge obtained in the course of the audiL or otherwise appears to be materialty misslated. If we identify such material inconsistencies or apparent materral misststements, we are required to determine whether this gives rise to a material misststement in the financial statements themselves. If. based on the work we have perfomed, we conclude that there is a material misstatement of this olher infomiation. we are required to report that fact. We have nothing to report in thts regard. Opinions on other mattors prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: The infomiation given in the tNslees' annual report for the financial year for which the financial ststements are prepared is consislent with the financial statements. and The trustees, annual report has been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees. annual report. We have nothing to report in respect of the following matters in relation to which the Companies Ad 2006 requires us to rewrt to you if, in our opinion: Adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or The financial statements are not in agreement wth the accounting records and retums. or Certain disclosures of trustees, remuneration specified by law are not made" or We have not reiVed all the infomiation and explanalbjns we require for our audit; or The directors were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companEs' exemptions in preparing the trustees. annual report and from the requirementto prepare a strategic report. 17
BrCrfn Mencap Responsibilities of trustees As explained more fully in the ststement of trustees, responsibilities set out in the trustees, annual report, the trustees (who are also the directors Df the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satiSfd that they gwe a true and fairview, and for such internal control as the trustees determine is necessary to enable the preparatn of financial stalements thal are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charilable company's ability to continue as a going conrn, disclosing. as applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the Charitable company or to cease operations, or have no realistic altemative but to do so. Auditof s responsibilities for the audit of the financial statsments Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whetherdue to fraud or error. and to issue an auditofs report that includes our opinion. Reasonable assurance is a high level of assurance but ts not a guarantee that an audrt conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of n0n-cornpl1an wtth laws and regulations. We design procedures in line wtth our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irtegularities, including fraud are set out below. Capability of the audit in detecting irregularities In identifying and assessing risks of mater&91 misstatement in respect of irregularities. induding fraud and non-compliance with laws and regulations, our procedure5 included the following.. We enquired of management, which included obtaining and reviewing supporting documentation. conceming the chantls policies and procedures relating to.. Identifying, evaluating, and complying wtth laws and regulations and whether they were aware of any instances of non-compliance.. Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected. or alleged fraud. The intemal controls established to mitsgate risks related to fraud or non-complian with laws and regulations. 18
BrcwnlEy IlaKap We inspected the minutes of meetings of those charged with governan. We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulation5 that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector exper*nce. We reviewed the financial statement disck)sures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We perfonned analytical procedures to idenlify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. In addressing the risk of fraud through management override of controls, we tested the appropriateness of joumal entries and other adjustments, assessed whether the judgernents made in making accounting estimates aTe indicattve of a potential bias and tested signifjcant transactions that are unusual or those outside the nomial course of business. Because of the inherent limitations of an audit. there is a rtsk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-cornpliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the events and transactions refcted in the financial statements, as we will be less likely to become aware of instances of non-complian. The risk is also greater regarding irregularities occurTing due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's webslte at.. WW.fre.org.Uklaudlt0rsreSponslb1I[l$. This description forms part of our auditor's report. Usa of our report This report is made solely to the charitable companys members as a body. in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs reportand forno other purpose. Tothefulleslextentpermitted by law, we do not accept or assume responsibilty to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have fomied. Anthony Epton (Senior statutory auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountarrts 75 Maygrove Road, West Hampstead London, NW6 2EG Date= 26 October 2022 19
Bromley Mencap Financial Statements for the Year Ended 31st March 2022 Statement of Financial Activities {Incorporatin8 an Income and Expenditure Account) for the Year Ended 31 March 2022 Ncts Unrestri(aed ReSti1j Funds Funds Total 2022 Total 2021 Income from: Charitable Aclniilies Donations & legacies Other trading trtieS Investment income 655,608 97,046 11,4(Kl 12,534 883,856 1.539,464 1,281.740 12,466 109,512 756,444 11,4 6.166 12,534 3.088 Total incorne 7T6.588 896.322 1,672,910 2,047,438 Expenditure Expenditure on charitable actmbes Expenditure on raising funds Othgr expendlture 674,800 10,501 765 950.fO6 1,625,466 1.301,664 10,726 21,227 27.907 765 665 Total Expenditure 15 686.C66 961.392 1,647.458 1,330,236 Net income l {expenditurel before net gains I1105so$1 on Investments 90.522 {65.070) 25,452 717,202 Net gainsllh)sses} on Investrts 19 18.788 18.788 72,887 Net incomel(expenditure) 109.310 {65.07D) 44,240 790,089 Transfers trtheen fvnds (28,549) 28,549 Nèt movement In funds 80.761 {36.521) 44.240 790,089 Reconciliaon of funds Totsl funds brought forward at 1 April 2021 1.296.005 613,IX17 1,909,012 1,118,923 Total funds carrfed forward at 31 Mah 2022 23 1.376,766 576,486 1.953,252 1,909,012 All of the above results are derived from continuing actNities. The company had no recognised gains or losses for 2021 or 2022 other than those included in the above statement. The notes on pages 24 to 41 fom part of these Financial Statements. 20
Brornle/ IknKap Balance Sheet as at 31 st March 2022 31 March 2022 31 March 2021 Fixed assets Tangibl8 assets Investments 16 17 1.098.483 1.035,397 1.098.485 1,035,399 Current assets Debtors Cash at bank and in hand 18 362.014 85S.883 228.151 1,028.644 447.T12 1.704.567 Investments 19 1,689,687 Liabilities Creditors falling due wilhin one y8ar 20 (834,920) {198,585) Net current assets 854.767 1.505,982 Total assets less current liabilitles 1.953.252 2,541,381 Creditors Amounts falling due after one year 20 (632,3691 Nel assets 1.953 252 1,909,012 The Fur$ of the Charity: RestrKted funds 576.486 1.376.766 613,007 1.296.005 UnrestrKted funds Total FurKJs 1.953,252 1,909.012 The ffinancial statements on pages 20 to 41 were approved by the Board of Directors & Trustees on 11 ¥ LTW.Ii 2022 P prenti {chaian> 21
Bromw Meap Statement of Cash Flows for the Year Ended 315t March 2022 Total Funds Prior Year Funds Ch flows from operating aetivititis: Net cash provldedbyop8ra£lng xovltles (78.263) 748,748 ITable IA) boknvl Cash fk)V from investing activities: DNidends, interest and rents frcffi investments Purchase of propety, plant and 8quipm8nt Purchase of investments Not cash used In Invesdng acllvftl." 12.534 176,016) 15,230) (68,712) 8.922 (35,918 (19,917) (46,913) Cash flow5 from financing actlvllles: Cash inflows from new borrNing Repayment of borrowing Net cash providedby (used In) flnanclng actfvl (25,786) (25,786) 111.009) 111.009) Incre8spJ{d8cr8ase) in cash and equNalerrts in year Cash and cash equwalents at the beginning of the year {172,761) 1.028,6M 7.818 Table (Bl below Table {Bl Cash and cash 8quivalents at the end of Ihe y 855.883 1,028,644 A: Reconclliation of net moyernent In fvnds to net cash flow from opernting actl¥iti89 Currenl Year Prior Yaar Net vennt In funds for the year (as per tho statsmen¢ of Financi4lAetlvftles) Adjustments for. DeplatIOn charges Unreallsed Igainllloss on investsnents Dividends & Interest from investment {Increaselld8cr@ase in stocks Ilncreaselldecrease in debtors Increaselldecrease) in credicors Net cash pmvldedby/(usedln) (¥Jeratlng activibes 44,240 790,089 12.930 (18.788) (11534) 10,275 167,9701 18,9221 136 23,458 1.682 748.748 1133.863) 29.752 (78,263) B: Analysis of cash and cash equivalents Current Year Prlor Year Cash in hand Notice deposits (less than SYI days) Total cash and cash equlvalents 81.820 774. 855.883 148.602 880,042 1.028,644 22
Brom1 Analysis of change in net debt At start of CashfhJY5 year Other nonash changes Al end of year Cash Cash equivalents Sub-totsl 148,602 880,042 1,028.644 (.782) (105,9791 (172.761) 81,820 774,063 855.883 Loans falling due within one year {25.122) (6C6.581) {631.7031 Loan8 falling due after nKe than one year TOTAL {632.369) 371.153 1146.973) 224180 23
Brcnley Merp Notes to the Accounts 1 . Accounting Policles The principal accounting policies are 8ummarised below. The awounting pleS have been applied consistently Ihroughoul the yew and in the preCeing year. Basis of accountlng The financial 51atemenls have been prepared in accordan Yth Accounting and Reporting by Charities.. Stslemenl of Recommended pract applicab to tharities preparing their 8¢counls in cordance with the Financial Rewjrting Standard applubl& in the UK a1 Republic of IreL2nd IFRS 1021 {effectivè 1 January 2015) - {Charilies SORP (FRS 102)), the Financia ReportirwJ Standard applicabl8 in the UK and Republic of IrelaThl (FRS 102) arK1 the Companies Act 2D06. Assets and liabilities are initially recognised at histor or transxtion vaiue unlèsg otherwse slated in the relevant accountiNJ polw note($). The Charitab company meets the definiti(M of 8 public benefft entity FRS 102. Assets and liabilrties are initialty recognised at historical cost or tranSlI0n value un$ ther¥wse stated in the relevant accounting policy or note. Golng Concern The trustees consider that there are no mater¢81 UrertaIntieS aboulthe charitable companys abilily to continue as a going concern. The trustees (ID rt consider that there are any Sour of estimation uncertainty 81 the reporting date Ih8t have a svJnifttnt risk of CaIng a material adjustment to the carrying amounts of assets and liabiliites wrthin the next reporting period. Fund Accountlng Unr8Stricted funds are availab for use at the di%cretion of the trustees 01 iirtherarKe of Ihe general objectives of the charty and to provide short temi financial stability. Designaled funds 8re unreslrict8d funds eamxrked by the trustees for particular pUrses. Restricted fUS are subject to resbictKJns thr expenditure imposed by the donor or through the tefms of an appeal. Income reCOgniOn pollcles Items of income are reccgnised and included in the Unts when all of the follNing criterka are met.. The charity has enlrt]8m8nt to the funds,. any perfomance conditions attache¢J to the itemls} of In have been met or are fully within the control of the charty: there is sufficient certainty that receipt of the i[rne is con5Klered probable., and the amount can be measu1 reliabty. For legacies, enlilernent is taken as the eadw ot the date on which the charity is aware that prLth has been granted., the estste has been finalised and nolifution has been maye by the exutOr(SI to BrOmY Mencap that a distribution will be made: or when a distribution is TeCeN from the estate. Receipt ofa leg&y, in whole or in part. B onty tSIdered pr(4)ablevthen the amount can be measured reliably Ihe ch¥ity has been notified of the executorfs intention lo ma(e a distribution. Where legaeies have been notified to the chariiy or the charity is aware of the granting of probate, and the criteria for Income r&ognttion have not been mel. then the legacy is treated as a contiThJent asset and disclosed rf material. Income recewed in advan of the provision of a semce is deferr&l until the criteria for inctxne recognition are met. 24
Bromlty I1C3p Donatod sorvlcgs and faclllties Donated services or faciliknes are reeognised as inwme when the charrty has control over the item. any conditKJns associated with the donated item have been met, the relp1 of ecorKimic benefrt from the use by the charty of the item probable and that econom benefft can be measur8d reliabty. On receipt. donated services and facilitias ar8 r8cognised on th8 basis ofthe value of the gift to the charty which is the amount the charity would have been willing to pay tr) obtain services or fracilities of equivalent OnOm benefrt (¥) the w marl(et", a COrp0j1rg arrthint is then recogmised in expendf(ure in th8 pericxj of receipt. Into$1 r9ceivable Interest on funds held on deposit i% IlLWjed when receivak and th8 amount can be measured rets&b by the chartty., this i% normal upon notification of the interest paKI or payalle by the Bank. Resourc8s axpandad Expenditure is recognised once there a kgal or Constructi obligation lo make a payment to a third party, it is probable Ih&t settlement will be required and the amounl of the ¢)blvJab"on can be measured reliabty. Expenditure is classified Und the folluw#w actsvity headings: Charitle expenditure comprises tht)se sts iUrred by the charity in the delNery of its aclwrties and s8rviw for ils beclaries. It indudes both costs that Can be allocated directly to such actNities and those costs of an indiwt nalure rttessary to supp(t them. Expendrture on raising funds includes the cost of running fvndraisir¥J events and generating voluntary income. Other expenditure represenls those items not falling into ary clher heading. Allocation of Support Costs Support costs are those funCtnS that assist the work of the chaTity bul do not direclty undertake charitable activities. Support costs include back officecosts, fiTrare. personnel, payroll and govemance costs whith support Bromley Meneap's activrties. Thesè costs have been al)caled between cost of raising funds and 8xpenditure on charitile activities. The bases on which support costs have bean allocated are sel out in note 9. Tanglble Fixed Assets ndividual fixed assets costing £X)O or nK)re are witalised at cost and are depreckated over thetr estimated us•lJl economic1Tr1&8 on a straTraht-line basis as fdk)ws" Buildings 50 years Computers 3 years Other equipment 5 years Fixtures & fittings As the newly puychased bu11ng is not yet in the conditKJn necessary for r( to be capable of operating in the rnann intended by management. we have decided not to 4)ply a depreciatN)n charge in this year's accounts. stock Stock is inclLKla at the ICer of eost or net realEable value. Debtors Trade and other debtors are retognised al the s8ldement amount due. Prepayments are valued at the amount prepaid. Credltors and provisions Creditors and provisions are reciyJnised where the d)arity has 8 presentobligai¢on resulting from a past event th* will probabty result in the transf8r of fund5 to a third party alld the arnounl due to settle the obligation can b8 m8asured or est"mated reliably. Credrt0 and provisions are rrfjmplly recognised at their settlement amount. Investments Investments are held in 8 managed and incIed in the financial statements at their market 25
Bromley MerK8P value al the baL4nce sheel date. Any unrealised gain or hjss is taken to the Statement of Finaneial activities. Unrealised gains and losses are (xlculated as the difference betsveen the market value al the year end and the opening math8t value arKI are disrkned separatdy. Penslon Costs The company operate8 a money purchase scherre which all empty&s are eligible to join. P@nsn costs shown in the financial slatewEnts represent th& empby8r contribution lo the scheme or to employees, personal pension $ce$. Taxation As 8 charity, Bromley Mwp Limited ts exempl on inc(rfne and gawts falling within section 466- 493 of the Corporation Tax Act 2010 to the extent that these a applied lo Tts ¢harilable PUTposes. No tax charges &ose on the ordinary actith for the year ended 315t March 2022. Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021 Unrestricted RestrKted Furnls Funds Total 2021 Income from: Charitsble aclivities Donations & legacies Other trading aclwities Investment income 246.248 1.035,492 1,281.740 740.908 15,536 756.444 6.166 6.166 3.088 3,088 Totsl InGome .410 1.051,028 2,047,438 Expendilure Expenditure on charilable actmbes Expenditure on raising funds Othgr 8xpendrture 399,480 26.112 2,184 1.301.664 1,795 27,907 665 Total Expendlturo y)3,979 1.330,236 Not income l {expenditurel before net gain$ I Ilossesl on Investments 510.153 147.049 717,202 Net gainslllosses) on inveSthntS 72.887 72,887 Not Incomellexpenditure) 643,1)40 147,049 790,089 Transf8rs b8tsve8n frjnds Other recognlsod galnslllossesl: Provision for pension scheme defiryt (9.230) 9.230 Net movement in funds 633.810 156,279 790,089 Rgconcllladon ol funds Total funds brought fowtsrd at 1 April 2020 662.195 .728 1.118,923 Total funds carried fOard at 31 March 2021 1,296.tX15 613,(7 1.909.012 26
Bromley I1CaP 2. Income from Charitable Actlvities 2022 2021 R¢8tri¢tefl fvnd¥ Employment Services Bromley Thiid Sector Enterprise London Borough of Bromley 1(,270 72.720 104,440 72,720 177.160 Childrèn. Adult & Family S•rvie Lmdon Borough ¢f Bromley Brornley Third Sector Enterprise London Ccffirnunity FuThY COVID wa 3 don Borough ol Brcmky Communitytinks Nation81 Lottery Community Fund National Lottgry COWD Funding London Ccrfnrnunity FatiOn Good Things FoundatK Amold Cla 154.2e6 294.816 193,081 292.9(S 34.Q( 41,414 10,0(Y) 80,179 66,OCA) 2,450 41.414 2.0 Screwfix Ftyjndaknon Communitywa FourAcre Tru51 Bally Thomas Royal Mtrn¢ap Masonic Charity Trust Bromcare Homes- IndepeTrYgnl Liwng Fund Bromcare Hms- Colin Tarntyn Fund L88- Early Yèats Equiwr*nt Fund The Lealhersell8rs Company BBC ChihJr8n in N8wJ Groundwork UK Othèr Incornè from Chafrtatde AcaMts5 3.253 18.245 8.7 23, 4,731 15,0Tr) 37,355 3.749 f5.((M) 16.248 Donatsd SerVIs & FaolitEs 680.235 819,125 Thg LodB8 City Bridgg Trust Groundwork UK Bally Thomas CycliNJ Grants London 24.1 1.481 31,5S3 2,leAI 25.631 39.207 883,8S8 1.035,492 27
Br(Mnley Mencap r8stsict8d Fun Direct Payrnents & Sg11 Funder Cty BriOJe Trust Royal meap London & sth East Col London Borough of Btotnley Departrnènt ftsr Worf( and PÉN%i¢Y LeUre Activty IncL¥lle Small wntra¢ts Mr1[8n90us Inrw 361.188 137,468 32.244 44,270 26,850 228 S,190 119.845 1.168 15.325 1.449 13964 1,281.740 3. Donations and Legacies Unrestrthy ReStrtl FuThYs Funds Tcrtal 2022 Total 2021 Legacies: HC Allen Trust K Goldman Sundry Donations & Core Costs Fundlng: D Pope Sundridge Park Golf Club HMRC Job RetentKJn Scheme Grants City Bridge Trust Bally Thomas Sir Jules Thor Trust Identity E2E BBC Children in Need Communty FUndraing Donations 8&Q Foundations The Haramead Trust Other Donatk)ns 56,479 &%,479 525.000 5,000 1,258 7150 7,150 26.667 7,223 116,724 16,097 5,000 1,250 4,000 4,862 15,326 5,000 5,000 18,037 756,444 6.595 6,595 5,000 17,297 17.297 11.675 97.046 5,316 12.466 16.991 109.512 The aggregate value of unwnditional donations from Trustees was £335 {2021: £224) 28
Bromley l+knp 4. Income from Other Trading Activities Unrestrided Restricl&J Funds Funds Total 2022 Total 2021 Community FundraisiThJ 1V[be$ Sales from Lodge KioskBike Sales Donated Servic&s & Facilrties 5.940 3.160 5.940 3,160 2.300 11.400 2.865 1.001 2.300 6,166 11.4CQ 5. Investment Income Unrestricted Restrict Funds Funds Total 2022 T1 2021 Interest on Investment Portfolio Bank Inlemsl Recewable- UK 9.738 9,738 2.796 12.534 3,088 3,D88 12,534 6. Expenditure - Total Direct Staff Costs Other Support Direct Costs Total 2022 Totsl 2021 Charitable Actrvilies Employment sers Chiklren.Aduh & Family Serwces Bromley Scope The Lodge No10 Other Charttable ActNities 299.803 664.011 9.4 11D,562 11.762 2,365 1.098.127 22,843 182.738 38.774 437.632 279,397 180,741 971.349 867.377 1.678 14.111 13.573 28,649 156.309 104,013 28.721 42.913 35.053 787 3,152 2,251 279.350 247.989 1,625.466 1,301,664 (11,3321 9,716 21,227 27.907 75,732 1257,705) 765 665 343.750 99.055 126,597 2.809 17.098 2.430 Cost of Fundraising Other Expenditure 1.303.708 1.647.458 2J21 1.071,588 258.648 1,330,236 29
Bromley Mencap 7. Expenditure - Other Direct Costs 2022 2021 Cost of Charftable Activltles Aclivty cost5". Leaders, Hall Hwe. Resour Childminder Costs Computer Costs Telephone, Postage. Printing & Stationery Staff Training Subcontract8d Workshq)s Non Capital Fumiture & Equipment Travel Costs Depreciation RrUitMent & Other Staff Costs Professional Fees & SubscriFIKJns Olher Costs Gifts and Services in Kind Mortgage Interest Fundraising Charge 68,599 16.754 36,221 11,184 26.127 15.801 38.448 8,657 6.362 3,548 3,663 2,271 9.028 5.639 14,110 24.160 6,828 5,409 4,308 11,549 4.885 119 53.981 21.366 29.821 20,025 30,912 279,350 209,111 Cost of Fundralslng Fundraising & PU)cty Fundraising Charge 18,489 (29,821) 13,354 130,912) {11,332) (17.558) 268,018 191,553 30
Br(Knlerf 8. Expenditure - Support Costs 2022 20 Management Costs Staff Costs HR Servtss Other Costs 119.822 6.478 4.729 97,017 4,200 10,169 131.029 111.386 Accounting Costs Staff Costs Payroll Costs Other Costs 60.235 2.039 4,995 62,900 2,113 2.942 67,955 Olllc8 Costs Rent & Rates other Pr8mises Costs Insurance Other Costs 27,156 8.807 4.240 11,533 21,526 7,943 3,613 11,179 51.736 44.261 Governance Costs Audit Fees 5,326 2.345 5,026 Other Costs 7.671 5,392 257,705 228,994 31
8romley Mencap 9. Allocation of Support Costs Total 2022 Total 2021 m8nl Costs Costs Costs Costs Costs Employment Services Children, Adu and Fami Services Bromley Scope The L¢)dge Fundraising Other (No 10) 53,750 18.542 23,616 3.147 99,055 61,586 80,263 37.952 24,854 3.528 126,597 128.512 1.524 11.563 2.611 1.318 526 670 89 2,809 17,098 9,716 2,430 257,705 2,932 17.375 13,444 5,145 870 677 5.805 1,147 456 519 153 131.029 67,269 51,736 7,671 5.392 2021 111.386 67,9&$ 44,260 228,994 Basls of Allocatlon Management costs Accounting costs offi Costs Govnance costs A combinallon of lime and h8adcounl A mbinatIOn of ts'me and he*Jcount A combinalicfi of time and headcount 10. Expenditure - Staff Costs Staff costs tc4alling were made up as follows: 2022 2021 W4es & saLqries Social securty Costs Penon costs 1.190.(K9 81,387 31252 982.071 62,234 27,283 1.303.708 1,071,588 The average number of full-time equNalent employees, analys&J by fUnctiL. was: 2022 10.75 24.50 2021 Employment Sefvices Children. Adult & Family Serv Bromley Scrye The Lodge Management & Fundraising 19.75 2.75 2.75 43.5 The avefftge number of employees in the Money Purchase Pension Scheme wa5 39 in 2022 12021.361. Al employees are offered the OFPOrtunty to I the Money Purchase Pension Scheme. If they have their pension scheme they receive an Empknyerfs contribution at the se rates as thos8 in the Money Purchase Pension Scheme. 32
Brnl hletKap Redundancy payménts totalling £0 {2021: £0) were made during the year8nd are inthded in the wages and salaries figures above. The trustees have considered the level of hdbjay enliuemenl Carried foNaTd at the year end and have dlded that f( is not material. An acuual has, therefore. r)t been made. The average headcounl during the yr was 117 {2021: 113). The number of employees whose eamings fell wthin the folknwng bands . 2022 2021 £60.000 - £69,999 £70.000 - £74.999 The aggreg remuneration of key management personnel was £181.361 (2021.. £166.574} The onw employee benefrt received by kèy management petsonnel was a 5% contribution to p8nsi)ns, the aggregate amount of which was £8,511 (2021.. £7.0731. 11 . Net income / (expenditure) for the year This is stated after charging l {credit¥ig}: 2022 2021 Operating lease rentals.. Propety 25.656 20,210 Depwiation 12,930 10.275 Auditorfs remuneration". Audit fees 5.326 5.ODO 12. Donated Services and Facilities The following amounts. estimated al market value where the actual ct 15 rnt known, wère included under income. 2022 2021 Big Yell¢)w- Storage other 13tJl 2,300 360 2.300 2,e*o 33
Brcmley Men 13. Indemnity Insurance The cost of indemnty insurance to indemnify the Board and wtior staff ainSt the consequences of any neg18Ct or d8faull on Ih8ir part was £1,61012021= £2.171). 14. Grants to Families Grants lo the value of£792 were paKI out during the yr {2021: £2.431}. 15. Trustees, Remuneration and Benefits None d the Tnts8S reVe any remuneratKJn ts the year12021.. £NIL). No exponses were reimbursed io Trust during the yaar (2021.. £NILI. There were no related paty transacthS (2021: £nill. 16. Tan ible Fixed Assets Land & Buildings Office Flxiures & Ffttlngs Equlpment Total Cost At 1 April 221 1,017,788 2,867 69,026 12.309 12,135 1.098.949 76.016 Addiiions DiswsaL8 At 31 March 2022 1,080.655 81.335 12.975 1.174.965 Depreciation At 1 April 2021 Charg8 for year DIS[ At 31 ThAarch 2022 51.682 12.630 11.870 300 63,552 12.930 64.312 12,170 76.482 Book Value at 31 Mah 2022 1,080.655 17.024 804 1.098.483 Book value at 31 March 2021 1,017,788 17.344 265 1.035.397 17. Fixed Asset Investments The charity holds 2 shares of £1 in its wholty owned subsidiary company Bromley Mencap Enterprises Ltd which is incLKporated in the United Kingdom. These are the onty shares allotted, called up and fully pa_ The company was dOMnt in the perKJ urbyer reviw did Th)t trade.
Br(Mnley 18. Debtors 2021 Due within one year Prepayrnents Trade Debtors Other debtors ACCed income 15,618 275,458 67,282 3,656 362,014 17.223 143.870 60,722 6.336 228.151 19. Investments 2022 2021 Investmgnts at market value brought forward Additions Income including dewsrt inier8st Management Fees Unrealised gainlllossl on investrnent 447,772 359.885 15.OCKI 8.922 14,W51 67,970 447,772 9.738 (4.508) 18.788 471.790 35
Br(n Mencap 20. Creditors 2022 2021 Due within one y&ar Other TaxalhJn & Sockgl Secunty costs Other creditors & accruals P4tortgage RePayEnts D8f8rred income 22,6S7 114.860 631.703 65.71K) 834.920 17,957 116,505 25,122 39,001 198,585 Due after one year Mortgage Repayments 632,369 834,¥20 830,954 In October 2019 a loan of £668,500 vras obtained. This is repayabk over 20 years at an inibal interest rate of 3.01 Yo which is fixed until October 2029. The kjan wa% settlad in full post year end. Deferred income represents income received for seNces due to siart on or after 18t April 2022. where Costs have been iluded frrmn that dale onwards. Balanee al beginning of year Arnounts released to income Amounts deferred in the year Balance at the end of the year 39,001 (39.001) 65.700 65,700 71.284 171.284) 39.cl 39,Cl 21. Operating Lease Commitments The amgunts payable under non-catxeIlae opeialing leas8s as at 31 March 2022 are as follows'.- Land & Buildings Oiher Total 2022 Total 2021 Payablo thin one year 22.51X) 22,500 22,500 15,000 15.OOQ
Bromley hknicap 22. Analysis of Net Assets between Funds Restrictsd Funds Total 2022 Funds Tangible red assets Investment Assets Current assets Current liabilf(ie5 Long lerni liabilibes 1,087,987 10.496 1,098,483 1,028.101 {739,324) 661,586 195,5961 1,689,687 1834,9201 1.376.766 576.486 1.953.252 Prlor Year Unrestrictgd Funds Restrlcted Furjds Total 2021 Tangible red assets Irwestrnent A58ets Current assets Curr8nt liabilities Long term liabilii18s 1.023,196 12.201 1.035.397 1,030.388 {125.212) (632.369) 1,296.CllS 674.179 173,373) 1,704.567 1198,585) 1632,369) 1.909.012 613.007 37
BrcKn Me 23. Movements in Funds Balan¢• 1 Aprll 2021 Galn on Income Expwmliture TAn$fets InYe8lment Balance 31 March 2022 Re$tTlcted Funds Employment Services Children, Adult & Family SeNices Scope Funds The Lodge Other 38.489 211,Cl)4 1171.157) 78,336 373,523 2CQ,556 659,687 1750.4931 (14,111} (25.6311 28.549 311,266 186.445 25.631 439 613.007 896,322 439 576,486 1.392 Unrestricted Funds Designated Funds Employm8nl S&rv@s Children, Adult & F8mily Services Cotmandène Th8 Lodge Centre for Community Living 18.830 12.582) 16,248 60,242 23.902 18.787 (38.539) (23,902) (18,787) 21.703 500.CK)O 537.951 621,761 (83.810) Pension Reserve Gen8ral Funds 674,244 776.588 838,815 1,296,CK)5 776.588 (686,QE6) 28.549 18,788 1376 766 Total Funds 1,909,012 1,672,910 1,647,458 18,788 1.953.252
Br(*nlÉy M Prlor Year Bof4n¢• l Aprll 2020 N•t In• Expndlture Transhrs Galn on Balanee Inv•$tm•nt 31 March 2021 Restricted Funds Employment Services Children, Adult & Family Servi5 ope Funds Th8 Lodge No10 187.692 (185.5861 38,489 2thS.148 213.758 822.655 370 40.311 1664.5101 (13.5721 (40.3111 9.230 373,523 20D,556 439 456,728 1,051.028 439 613007 3.979 Unrestricted Funds Designated Funds Employment serVe5 Children. Adult & Fwnily Semces 10.620 8.210 18,830 46.272 13,970 60.242 CotmarKlene 23,92 23,902 No10 500,000 500,000 The Lodge 9.793 e6,685 8,994 555,076 18.787 621,761 G8neral Funds 595.510 426 674.244 6Q.195 996,410 426,257 72.887 1.296,005 Total Funds 1,118,923 2,047 438 1.330,236 72.887 1909.012 Pu 8s of Restted Funds The income funds of the charty include restricted fvnds c(xmprBiry unexpended lanCeS of donations and grants held on trust to be applied for Spear purposes. as explain in t1 Twslees ReporL Transfers lotslling £28,549 were mad8 from unrestrted funds to restricted fvnds to cover the ex$ of costs incurred (2021.. £9.230). Pu ses of Desi nat8d Funds The Board has set asKle £37,951 (2021.. £97.860) of unresthcled funds lo fund anticipated fvnding shortfalls in ongoing projects dullr the next financh81 year. A fvrther £S00.OOD has ba8n set aside to fund expendf(ure in developing a Centre for Community Ling. Pu ses of General Funds General Funds are necessary to provhye short temi stability arvj capital in the event of unforese8n funding problem5. The level currendy required. as speufied in the reseNes policy, is £459,10412021.' £423.696}_ 39
Brrxnl8y Metwi 24. Legal status of the charity The charity is a comparry limled by guarantee and ha8 no share capital. Each member is liable lo contribule a sum not exceeding £1 in the ewt ofthe charity wound up. 25. Related party transactlons There are no relaled paty transacbons to dis¢h)se for 2022 (2021: none). Th8re are no donations from related parties whh are outshje th8 norn1 c(yJrse of business and no restricted donations from related parties. 40
Bromlty P+*ap 41
Brtffi* Mencap Bromley Mencap Rutland House 44 Masons Hill Bromley BR2 9JG Tel: 020 8466 0790 Fax: 020 8466 7102 Ernail: enquirie5@bromleymencap.org www.bromleymencap.org.uk 42