Bromley Mencap Report and Accounts for the year ending 31 St March 2024 Bromley Mencap A Company Llmited by Guarantee, Registered in England & Wales NO 2179385 Bromley Mencap is a Registered Charity, NO 800685
Bromley MenGap Table of Contents Trustees, Annual Report........................................................................................................................................ Structure, Govemance & Management................................................................................................................. Objectiv85, Activities & Public Benefit. Fundraising . Achlevemenls & PerformanGe.........................-...............-..................................................................................... Chairman's Report.................................................................................................................... Chief Executiv8's R8POrt .............. Future Str81egy.......................,...,...........................................................,.......,...............................,.................-. 12 Fin8ncial Review. Financial Posits'on and Performance....................... .12 Reserve8 Policy..........,..............,.............,...............,..,...........,..,.,............,...,.,......,...............,13 Risk Management...................................................................................................................14 Investment Policy......... .14 Stalemenl of Trustees, Responsibilitle8..................................................................................,........................... 14 12 Independent Auditols Report to the Membars of Bromley Mencap......,..................,.......................................... 16 Flnanclal Statements for tha Year Ended 31st March 2024................................................................................ 21 Statement of Financial Activities Ilncorporating an Income and Expenditure AcGount) for the Year Ended 31 March 2024............................ -21 Balanc8 Sheet as at 31st March 2024....................................................................................22 statement of Cash Flows for the Year Ended 31st March 2024 ............................................23 Analysis of change in net debt............................................................................................................................ 24 Notes to the Accounts......- .-............ ...................................................... .25 1. Accounting Policies......................................... .25 Statement of Financial Activitie5 (Incorporatlng an Income and Expenditure Account) for the Year Ended 31 March 2023....,...............................................................................................27 2. Incom8 from Charitable Activities.................... .28 3. Donations and Legacies.. .29 4. Income from Other Trading Activities ........- .30 5. Investment Income.. .30 6. Expenditure- Total..................................,.............. .30 7. Expenditure - Other Direct Costs................................................................. .31 8. Expenditure - Support Costs...............................................................................................32 9. Allocation of Support Costs ....... .33 10. Expenditure- Staff Costs.. .33 11. Net income l (expenditure) forthe year............................................................................34 12. Donated Services and Facilities ...... .34 13. Indemnity Insurance............................ .34 14. Granls to Families........................................ .34 15. Trustees. Remuneration and Benefits..............................................................................35 16. Tangible Fixed Assets .............. .35 17. Fixed Asset Investments..................................... .35 18. Debtors..................................................... .36 19. Investments.......................................................................................................................36 20. Credilors...........................................................................................................................37 21 . Operating Lease Commitments.... .37 22. Analysis of Net Assets beeen Funds ................................................... .................-......38 23. Movements in Funds ........... .. .39 24. Legal ststus of the charity...................................................... .40 25. Related paty transaction5...........-.... .40
Bromley Mencap Reference & Administrative Information Trustees P Prentice A Hilderly A Kean J Pownall B Austyn-Jones G Gostt K Farina Dr D Lambauer P Nash J Spencer A Hilderly P Williams Chairman until 1517124 Chaiman from 1517124 Hon. Treasurer Until 25102124 Until 07101124 Until 18103124 Until 29108124 From 13111123 Until 12112123 Ke Mana ement Personnel E Lynch MBE Chief Executive until 1105124 A McEwen Chief Executive from 07105124 S Bames Deputy Chief Executive C Stone Head of Services (Children & Adults) M Catchpole Empoyment Services Manager - from 30105123 Name & Re istered Office of the charit 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, NW6 2EG Bankers Barclays Bank PLC, 1 Churchill Place, London, E14 5HP Metro Bank, 1 Southampton Row, London, WC1 B SHA Investment Mana Investec Wealth & Investment Ltd, 30 Gresham Street, London, EC2V 7QN ers
Bromley Mencap Trustees. Annual Report The Trustees, who are also directors of the charity for the purposes of the Companies Act. have pleasure in submitting their annual report and audited financial statements for the year ended 31 st March 2024. The charity is a charitable company limited by guarantee and was incorporated on 16 October 1987. It is govemed 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 trustees during the year. Co-opted trustees are subject to approval by the membership at the next Annual General Meeting. All new trustees undertake an induction period which includes training on good govemance and legal responsibilities. The board employs a Chief Executive to manage the organisation on a day-to-day basis. She is supported by a senior management team. There are clear reporting structures in place and every staff rnember has formal supervision with their manager. The chief executive reports directly to the board, which meets bi-monthly. Bromley Mencap has three sub-committees which have trustee and member representatives. The sub-cornmittees meet regularly and report to the board. The charity works to a five-year Strategic Plan which has annual work programmes. A report on the year's 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 determine our job levels and associated salaries. These are also set in the context of the jobs market and comparisons are made with similar jobs in other charities and relevant organisations. For our employees we operate a consistent remuneration policy across all levels of the organisation including our Chief Executive and key management personnel. The remuneration policy of Brornley Mencap is set by the Finance & General Purposes Committee, a sub-committee of our Board of Trustees. Objectives, Activities & Public Benefit The charity's objectives as ststed in the governing document are the relief of people with disabilities. their families, dependants and carers. by the provision of services. support and information, leading to independent living opportunitieslimproved life chances and by challenging discrimination through campaigning, lobbying and promoting user representation.
Bromley Mencap "Disability. is defined as 'A physical, sensory, learning or mental impairment which has a substantial and long-term adverse effect on a person's ability to carry out day-to-day activities.. We seek to improve the lives of people with a disability, their parents and carers in whatever way we can. We achieve this by delivering a wide range of preventative, person-centred quality services including a telephone helpline, advocacy, inforrnation, advice and guidance, family support, an employment scherne, buddying for young disabled people, respite and short breaks, dorniciliary care, social and leisure activities, 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 services are consulted, evaluated, shaped and designed with disabled people and carers leading to improved health and well-being. We campaign and lobby at Socal level to 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 founder member 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 from them. Bromley Mencap is a user and member-led organisation with over 1,000 members. Mernbers are represented 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 fonnulating our business plans. We are satisfied that Bromley Mencap is providing public benefit.. regard for public benefit 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, office administration and offer a range of support across a number of our services. Fundraising Bromley Mencap has considered the reporting requirements of the Charities (Protection and Social Investment) Act 2016 and fundraising is compliant with the recognised standards of fvndraising (set out in the Code of Fundraising Practice) as well as those required under charity law and wider law. The Chief Executive has overall responsibility 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 of fundraising volunteers who are supervised and supported by the Deputy Chief Executive. 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 specific scheme for fundraising regulation. We closely monitor the fundraising activities of any person
Bromley Mencap acting on behalf of the charity. No complaints have been reiVed in respect of our fundraising activities, which are reported on regularly to the Fundraising Sub- committee. The protection of vulnerable people is ntral to Bromley Mencap's aims and objectives and the charity is therefore always vigilant to the need to exercise care in this respect when carying out fundraising activities. Achievements & Performance Chairman's Report l am very pleased to present my first report as the Chair of Bromley Mencap. I stepped into this role in July 2024 following the retirement of our previous chair, Peter Prentice, who retired after 18 years in the role. Along with the former CEO, Eddie Lynch who resigned in May, Peter made a massive contribution to making Bromley Mencap the caring and successful charity that it is today, and we are very grateful for his time, skill and commitment. In addition, 3 long-standing trustees made the decision to step down. Paul Nash and Paul Williams resigned during the financial year, and Julie Spencer announced her decision to resign in August 2024. We are extremely grateful to both Paul's and to Julie for their long-standing dedication and support. These resignations were not unexpected, coming as they do after lengthy periods of service. Bromley Mencap ran an extensive recruitment process for the new CEO, and l am very pleased to welcome Anna McEwen into the role, who is already building on the success created by Eddie. We are also in the process of appointing up to 5 new trustees, who bring in 8 Variety of skills and experiences. It shows the strength of our organisation that we can attract such talent, and I look forward to welcoming them into our board. Bromley Mencap continues to thrive, thanks to the incredible efforts of our staff, trustees, and volunteers. Their passion and comrnitment to supporting our services and the people we serve are truly inspiring. Whether it is through direct support, administrative work, or fundraising efforts, each member of our team plays a crucial role in our SUCGess. Chief Executive's Report l am delighted to present my first Annual Report for the organisation. I wish to pay tribute to my predecessor, Eddie Lynch, who earlier this year announced he was stepping down as Chief Executive of Bromley Mencap after 20 wonderful years. l am pleased to report on a very successful financial year under his leadership.
Bromley Mencap Over the last twelve months we launched a number of exciting initiatives which saw us deliver on the final year of our current Strategic Plan. These initiatives were set against the challenges of higher inflation and cost of living increases but were made possible through new funding and contracts. The sections that follow in the report detail each of our major programmes of work and their impact in 2023-24. This year our reach extended further throughout the borough and saw a record number of new referrals for support. The organisation saw both income increasing significantly and seniices being developed and extended. Our dedicated team of staff and volunteers delivered a wide range of quality, person centred activities and set up new services to meet the needs of more disabled people, carers and families. Some of our key achievements this year include,. Launching our new accredited Training Centre in Bromley North for young people with special educational needs and disabilities (SEND). Launching our new Cost of Living support service and Digital Champions project funded by a 5-year National Lottery Reaching Communities grant Launching our new All Age Autism Welfare Benefits Service Refurbishing new premises for our Day Centre at Eden Park Extending our Supported Internships programme throughout Bromley and Bexley boroughs Securing new funding from Mercers Charitable Foundation to continue our workshops and expand our peer support for mutual carers Dernand for our support has continued to increase, and this year we saw 2,499 new referrals to the organisation, an increase of 298 on the previous year. This year, through our outreach programmes, we saw 286 new members join the organisation, an increase of nearly 50% on last year, and as of March 315I 2024, we have a membership of 1,164 people. Digitalisation became further embedded across Bromley Mencap and, as part of our Cost of Living Service, we employed two people with a learning disability to act as Digital Champions. They have taken a lead in delivering workshops and working with clients on a one to one basis, helping to familiarise clients with digital technology and signpost to ways of staying safe and saving money online. Quality lies at the heart of our seniices and we retained our accreditation for Investors in People, the Advice Quality Standard and the DWP Disability Confident award. Our User Involvement Project has continued to grow and, with additional funding from the National Lottery, we were able to increase the hours for this project through the Cost of Living Service. In particular, work has been carried out with the first student cohort at the Training Centre and with clients attending our Day Opportunities which moved from West Wickham to Eden Park to ensure that the new service provisions fully identified and met their needs. Staff in Day Opportunities have been supported to deliver monthly feedback sessions with clients including a focus on anti-bullying and mental health. Work with Children's Services has included a consultation exercise, a feedback report regarding summer activities, and focus groups to explore barriers to
Bromley Mencap employment for young adult carers. Surveys regarding the impact of the Cost of Living Servi, and satisfaction with our Helpline and Short Breaks services have been rolled out. A major success for the User Involvement Project has been the development of user-led panels as part of staff recruitment, which culminated in four people with lived experience being supported to interview candidates for the role of Chief Executive. We engaged with the local community through our monthly e-newsletter and bi- monthly Bulletin, which are sent to members and other interested parties including community groups, professionals and local Councillors. We have a significant social media presence and communicate about our activities and local and national issues relating to disabled people on a regular basis. At year end, we had over 3,200 followers on Twitter, 1,700 followers on Facebook and 1,400 on Instagram with audiences growing across all three platfomis. We increased our presence on Linkedln through the year and now have close to 300 followers. Throughout the year we attended a wide range of key strategic and operational groups across Bromley to represent the views of our rnembers. These include: Voluntary Sector Strategic Network Bromley Safeguarding Adults Board SEND Governance Board Learning Disability Annual Health Check Task and Finish Group Bromley Children and Families Forum Autism All Age Partnership Board Bromley Adult Learning Board Learning Disability Carers Forum Learning Disability Partnership Board Learning Disability Provider Hub Meeting Learning Disability and Mental Health Provider Forum Parent Engagement Matters Down Syndrome Task Group Digital Inclusion Action Group and Tackling Loneliness Action Group Our partnership work continued throughout the year and included successful collaborations and joint working with the following organisations: Bromley Third Sector Enterprise CASPA London South East Colleges Royal Mencap MyTime Active TLC Education Services Oxleas Physiotherapy and Psychology Teams The Glebe School Marjorie Mcclure School Riverside School Cabrini Care Diagrama Goldsmiths College Care Dogs Pet Therapy
Bromley Mencap Our annual work programrne had challenging targets and included developing and expanding services in the community. Highlights of the last twelve months include: Our Day Opportunities community-based programme for disabled adults delivered outcomes around increasing independence and promoting life skills. Both services ran five days a week from Monday to Friday and 65 clients, our maximum capacity, now attend the services providing 145 sessions per week West Wickham Day Opportunities successfully moved to new premises at Eden Park. We have developed new partnerships with Goldsmiths University, have hosted a student Dance Movement Psychotherapist and are now working with Pets As Therapy - Maple the therapy dog visits regularly! Other partnership working on our community based programme includes Bromley Community Learning Disability Team's Learning Disability Nurses running menopause and weight loss groups and initiatives with Experts by Experience, Bromley Greener and Cleaner and Good Gym At the Lodge we expanded the capacity of our training courses in Horticulture, Catering and Bicycle Maintenance. We now have 37 clients per week with courses running Monday to Friday Our community hub provided free bike hire to members of the local community and we worked with day services and the Oxleas Physiotherapy Team to deliver sessions for clients to promote wellbeing. We continued to be successful in supporting people to access welfare benefits, including Disability Living Allowance and Personal Independence Payment, securing £817,000 for families, an increase of more than £200,000 on last year. We also helped people to secure over £31,000 in backdated payments at Tribunals and supported with applications to small grant funders for white goods and household items. Key successes and achievements within our children and adult support services over the last year include: Support for 6807 contacts through our telephone helpline and at professional meetings with schools, the local authority and health professionals 88 families were supported by our Specialist Autism Family Seniice for 6 to 12 week periods to meet key targets identified through individual family plans Delivery of 40 workshops for adults with leaming disabilities and adults with physical disabilities covering issues around wellbeing and ADHD workshops for 42 clients Introduction of a new Cost of Living Project, supporting clients with debt management, utility costs, housing and scams Twice weekly drop-ins were delivered for clients with leaming difficulties andlor autism to reduce isolation and encourage peer support Recruitment and training of 5 telephone support volunteers to deliver emotional support to clients 125 disabled adults attended social and leisure activities including Monday Aftemooners, Keep Fit, the Outdoor Activities Club and Discos, an increase of nearly 50 % on last year
Bromley Mencap 20 informative workshops and lunches were provided for mutual carers as well as monthly cookery classes. This year we were pleased to start monthly coffee mornings to reduce social isolation, with funding support from Mercers 170 families received 6,120 hours of support from our Short Breaks Service through Childminders, Sitlers, Community Support Workers or Buddies Support with leisure activities for children with SEN and theirfamilies, supporting 15 families across the summer holidays and 25 families at the silent disco Christmas event. Our Education and Employment Service delivered seven different programmes over the past year. The service continues to receive high numbers of referrals with a range of support focused on building skills, increasing confidence and independence. All services enable individuals to identify areas of personal development for their next steps into and post-employment. These roles include work experience placements, specific volunteering and paid employment. In total, this year, 442 people have been supported through all programmes. The past year has seen huge expansion of our employment services to support more young people via our Training Centre, a new Independent specialist further education provider. The Training Centre supports those falling out of education, employment or training. The new Training Centre has enabled us to deliver nationally recognised Open College Network London accredited qualifications. We have focused on Employability and Independence skills for students with an Educational Health Care Plan. The Centre has provided an enriching and full training programme in our first year, with nationally recognised qualification credits achieved by all students within the first terms. The students have been benefiting from our new Transitional Employment Support Service (TESS) from February to support them on their employment journey. Key achievements this year included - Our Job Coach Agency provided a supported employment service for people with a learning disability andlor Autism who live in the borough of Bromley and the surrounding areas. From April to March we matched 65 clients with a trained job coach, an increase of 800/0 on the previous year. The job coaches provided support on employment matters including at interviews, inductions, travelling independently, performance at work and training The Employ Me London programme came to a contract end in July 2023. The programme supported a total of 87 participants, aged 18-24 years old, with 20 people obtaining employment or apprenticeships and 16 accessing education and training. Despite the project's parameters being challenging, Royal Mencap advised our programme had the highest outcomes amongst other partners Job clubs and Workshops were held weekly across the community and involved independence and employment exercises, IT training, mock interview practice and one-to-one job search, We have engaged with 246 people in the borough through job clubs, employment drop-ins, workshops and community outreach events an increase of 19 people on last year The Employment Brokerage Service supported adults with a learning disability, who have a social care funded needs assessment and an active adult care package. The service supports individuals into paid employment. It is closely integrated and aligned with our job coach agency which enables these placements to draw down funding from DWP Access to Work to place a job 10
Bromley Mencap coach alongside the placement and offer support to both the individual and employer. The service has supported 32 people into paid employment, 2 with contracts over 16 hours and engaged with 57 employers throughout the year Our Supported Intemship programmes are delivered in partnership with London South East Colleges (LSEC Bromley and Bexley) and Learning and London Enterprise College Bexley (LECB) and provide volunteering placements and employment opportunities for students with special education needs. Last year the programme supported 43 Supported Internship students and this year, due to our expansion, we supported 74 which equates to an increase of 70 % over the past two years. The service provides post employment support as well as referral pathways into our Employment and Education Services Our Transitional Opportunities Project (TOP) supported young people, aged 18 to 25, through Employability Workshops. It provided support to 20 people to break down challenges around transitioning from school to further education, learning new skills for independence in order to secure experience in volunteering placements and move into paid employment. The one day a week project hit all targets, ran workshops throughout the year and helped to source both volunteering and paid employment outcomes Our job Retention Worker supports individuals to remain in employment and, this year, we have supported the vast majority to maintain their employment for six months. We worked closely with employers to support them to make reasonable adjustments to individual roles and delivered disability awareness training. This year our Bromley Well Pathways provided preventative support to disabled, vulnerable people and carers - 1. 536 adults with learning difficultiesldisabilities, up from 403 last year, benefited from individual support and a range of workshops and drop-ins to enhance independence and resilience 2. 607 adults with physical disabilities, an increase on 501 last year, benefitted from workshops and drop-ins and were supported individually to enhan their independence and manage their medical impairments 3. 75 mutual carers received individual support at health related meetings, solicitors, banks, social care and with their general correspondence 554 young carers were supported by our trained Advisors. Young carers attended leisure activities as a break from their caring duties as well as mentoring, workshops around coping strategies and individual counselling. There were 194 new referrals to this Servi this year. The 'Log my Feelings, section of the Young Carer App has been completed by 469 young carers 541 autistic young adults, up from 460 last year, accessed the Autism Pathway and received support around employment, welfare benefits and maintaining positive wellbeing 6. The Education and Employment Pathway supported 142 people with learning disabilities, physical disabilities, long term health conditions and mental health issues. This year our team supported 46 disabled people into paid employment and 92 people into volunteering and work experience. We are very grateful to all our funders without whose support we would not have been able to achieve the wide range of outcomes this year. In particular, we are thankful for new and continued funds we received from a number of funders including the National
Bromley Mencap Lottery Community Fund, BBC Children in Need, City Bridge Foundation, Bally Thomas Charitable Fund, Edward Gostling Foundation, Garfield Weston Foundation, Mercers Company and the London Borough of Bromley. Our community fundraising focused on our Summer and Christmas Fairs held at the Lodge in Norman Park which raised just under £4,000, an increase of nearly 500/0 on the previous year. The fairs provide a great opportunity for staff, volunteers, clients and their families to come together and for students and clients from our services to sell products created through our social enterprises. Supporter-led events in the local community, including quiz nights and raffles raised just under £2,000, led by Mike Deves and the Crown and Anchor pub in Bromley for which we are incredibly grateful. Corporate donations were received from Grove Pensions Solution Ltd, the Southern Co-op and Identity E2E. We were also very pleased to receive donations from local community groups including the Trinity United Reformed Church, the Rotary Club of Beckenham, the Bromley Inner Wheel C5ub, Biggin Hill Lodge, Crofton Early Learners and West Wickham Methodist Church. Regular giving by members and supporters continues to be an important part of our fundraising. Thank you to all our supporters and donors mentioned above and all those that have not been mentioned here but continue to donate, support and fundraise for us. I know that Eddie felt very privileged to lead such a dedicated team over the last 20 years, and I know he was sad to bid farewell to the organisation and the many inspiring people who draw on support at Bromley Mencap. I look fonNard to building on his achievements in the years ahead and supporting Bromley Mencap to thrive as we move forward. Anna McEwen, CEO Future Strategy We are currently working on coproducing a new strategy following the start of our new CEO in May 2024. We will be working with our staff, people who draw on our support, families and stakeholders to develop our new strategy which we intend to launch in January 2025. Financial Review Financial Position and Performance Bromley Mencap has had another sucSsful year and achieved income of £2,407,297 12
Bromley Mencap during the year (2022-23: £2,009,628). The majority of the increase represents funding from charitable activities, in particular from direct payments, self funders and from the Department for Work and Pensions for job coaching and the Education & Skills Funding Agency. Investment income also increased. although once again fewer donations and legacies were received compared to the previous year. Over 900/0 of our income was spent on charitable activities and the overall position before taking into account the performance of our investment portfolio was a surplus of £230,822 (2022-23: £5,213). Unrestricted funds showed a surplus of £184,057 (2022-23: £11,100) and restricted funds a surplus of £46,765 (2022-23: deficit of £5,887) before transfers. Deficits are always expected in the case of some projects which are using up income received in previous years and are covered either by fund reserves or transfers from unrestricted funds. Our investment portfolio has recovered from the losses sustained during the last few years recent years and at the year end the position was a gain of £29,886 (2022-23: loss of £25,301). After tsking the performance on investments into account the charity made an overall net surplus of £260,708 (2022-23: deficit of £20,088). Total fvnds stand at £2,193,872 (2022-23: £1,933,164). Reserve5 Policy Unrestricted funds are needed: (a) to provide short term 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 function, and (c) to provide protection for the staff in the event of the 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 funds (where restricted reserves are insufficient to cover this themselves), (li) to cover nine month's governance, fundraising and support costs and (iii)to 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 annually. At the end of the financial year total funds were £2,193,872 comprising restricted funds of £644,992 and unrestricted funds of £1,548,880. After deducting designated funds and income funds representing fixed assets, the amount offree reserves was £761,838 (2022-23: £756,435). The trustees have increased the amount designated for property purchase to £750,000, up from £500.000 previously to reflect the general increase in propety values. The level of reserves required by the policy is £563,534 and thus the charity's reserves at the year end exceeded this by £198.303 (2022-23: £219,609). The amount of reserves required by the policy has increased over the last year by £23,708. 13
Bromley Mencap 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 and was most recently updated in July 2024. Additions to the risk register have been made to reflect that the sucSsful expansion of our Training Centre offerings now comes under increasing regulatory scrutiny from Ofsted and the risk rating has been set accordingly. All other risks have been assessed as at the same or lower level compared to the previous year. Investment Policy Funds which are surplus to short-tenn working capital requirements are placed either in deposit accounts and fixed temi bonds or in the charity's investment portfolio managed by Investec Wealth & Investment Limited. Following their acquisition it is expected that Investec will rebrand to Rathbones during the coming year. The value of the porttolio at the year end was £492,121 (2022-23: £453,896), representing 27 % of the total invested funds at that date (2022-23: 28 % ). The portfolio manager works within an agreed investment policy which is reviewed annually by the trustees and was most recently updated in May 2024. The overall investment objective remains to provide a reasonable income whilst maintaining the capital value in real terms. Both capital and income may be used at any time for the furtherance of the charity's aims. The detailed policy includes specifications of the portfolio mix and benchmarks for performance measurement which have been updated in to reflect current market conditions. The objectives are to be achieved by investing prudently in a broad range of fixed interest securities and equities which are quoted on a Recognised Investment Exchange and unit trusts and OEICS (open ended investment companies) which are authorised under the Financial Services and Markets Act 2000. No initial investment should exceed 10% of the total value of the funds under management and the total sum of all equity holdings in excess of 10 % must not be equal to or exceed 40 % of the funds, combined value at any time. Direct investment in negotiable instruments known as "derivatives" are not permitted in any circumstances. The investment policy has also been updated in respect of responsible investments following revised Charity Commission guidance issued in August 2023. Direct equity investments are precluded in companies with a greater than 10 % exposure to tobacco, pornography, gambling, high interest rate lending and armarnents. The trustees also reserve the right to exclude companies that carry out activities contrary to their aims or from holding particular investments which damage the charity's reputation. Other cash and short term deposits of £1,690.806 at the year end are held with a number of different institutions to reduce risk (2022-23: £1,325,406). Statement of Trustees, Responsibilities 14
Bromley Mencap The Trustees (who are also directors of Bromley Mencap Limited for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 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 charitable company and of the results of the charitable company for that period. In preparing those accounts, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe 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 concern basis unless it is inappropriate to presume that the cornpany will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are 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 infonmation and to establish that the auditors are aware of that information; They have had due regard to guidance by the Charity Commission in respect of Public Benefit. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approval This report was approved by the Board of Directors and Trustees on 2024 and signed on its behalf. (Chairman) 15
Bromley Mencap Independent Auditor's Report to the Members of Bromley Mencap Opinion We have audited the financial statements of Bromley Mencap (the 'charitable company,) for the year ended 31 March 2024 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 (United Kingdom Generally Accepted Accounting Practice). In our opinion, th8 financial statements: Give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditur8 for the year then ended. Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. Have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with 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. Conclusions relating to golng 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 statements is appropriate. Based on the work we have performed, 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 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 16
Bromley Mencap Other Infonnation The other information comprises the information included in the trustees, annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: The information given in the trustees, annual report for the financial year for which the financial statements are prepared is consistent with the financial statements. and The trustees, annual report has been prepared in accordance 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 obtsined 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 Act 2006 requires us to report to you if, in our opinion: Adequate accounting records have not been kept, or returns adequate 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 return5; or Certain disclosures of trustees, remuneration specified by law are not made. or We have not received all the information and explanations we require for our audit,. or The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small 17
Bromley Mencap companies, exemptions in preparing the trustees, annual report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities set out in the trustees, annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit 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 if, 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 non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. 18
Bromley Mencap Capability of the audit in detecting irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to: Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance. Detecting and responding to the risks of fraud and whetherthey have knowledge of any actual, suspected, or alleged fraud; The internal controls established to mitigate risks related to fraud or non- compliance with laws and regulations. We inspected the minutes of meetings of those charged with governance. We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations 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 experience. We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We performed analytical procedures to identify 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 journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring 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 website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 19
Bromley Mencap Use of our report This report is made solely to the charitable company's members as a body, in accordance 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 auditor's report and for no other purpose. To the fullest extent penmitted by law, we do not accept or assume responsibility 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 formed. Anthony Epton (Senlor ststutory audltor) for and on behalf of Goldwins Llmited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead LONDON, NW6 2EG Date.. 16 October 2024 20
Bromley Mencap Financial Statements for the Year Ended 31 st March 2024 Statement of Financial Actlvitles (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024 Note Unrestricted Restricted Funds Funds Total 2024 Total 2023 Income from: Charitable Activities Donations & legacies Other trading activities Investment income 1,157,131 1,134,890 2,292.021 1,899,693 30,687 2,870 33,557 60,598 15,037 15,037 19,222 66,682 66,682 30,115 Total income 1,269,537 1,137,760 2,407,297 2,009,628 Expendlture on Charitable activities Raising funds Other 1,078,563 1,088,684 2,167,247 1,969,748 6,170 2,311 8,481 34,029 747 747 638 Total Expenditure 15 1.085,480 1,090,995 2,176,475 2.004,415 Net Income before not gains I (losses) on investments 184,057 46,765 230,822 5,213 Net gainsl(Ioss8s) on investments 19 29,886 29,886 (25,301) Net Incomel(expendltur8) 213,943 46,765 260,708 (20,088) Transfers between funds {11,340) 11,340 Net movement In funds 202,603 58,105 260,708 (20,088) Re¢onclllation of funds Total funds brought forward 1,346,277 586.887 1.933,164 1,953,252 Total funds carried forward 23 1,548,880 644,992 2,193,872 1,933,164 All of the above results are derived from continuing activities. The company had no recognised gains or losses for 2023 or 2024 other than those included in the above statement. The notes on pages 25 to 40 form part of these Financial Statements. 21
Bromley Mencap Balance Sheet as at 31st March 2024 Note 31 March 2024 31 March 2023 Fixed assets Tangible assets Investments 16 17 27,672 23,061 27,674 23,063 Current assets Debtors Cash at bank, on short tèrm deposits and in hand Investments 18 338,681 1,690,806 492,121 2,521,608 291,835 1,325,406 453,896 2,071,137 19 Liabilities Creditors falling due within one year 20 1355,410) 1161,0361 Net current assets 2,166,198 1,910.101 Total assets less current liabllities 2,193,872 1,933,164 Total net assets 2 193,872 1953 164 The Funds of the Charity: Restricted funds 23 644,992 586,887 Unrestricted funds 1,548,880 1,346,277 Total Funds 2,193,872 1.933.164 Th8 financial statements on pages 21 to 40 were approved by the Board of Directors & Trustees on --141Q1_ 2024 A Hilderly (Chairman) J Pownall (Directorl 22
Bromley Mencap Statement of Cash Flows for the Year Ended 31 st March 2024 2024 2023 Notè Cash flows from operatlng aGtlvltle5: Net cash provided by operatlng actlvltles 326,511 16,193 (Table (A) below) Cash flows from Investlng activitles: Dividends, interest and rents from inv8stm8nls Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investments Net cash used in Investlng actlvltles.. 66,682 (19,4531 30,114 118,330) 1,080,655 (7,407) 1,085,032 (8,3401 38,889 Cash flows from flnanclng aGtlvStSe5: Repayment of borrowing Net cash provlded by/ (used in) financing activities {631,702) (631,702) Increaselldecreasel in cash and cash equlvalents In year Cash and cash equivalents at the beginnlng of the year 365,400 469,523 1,325,406 855,883 Table (Bl below Table (B) below Cash and cash equivalents at the end of the year 1,690,806 1,325,406 A: Reconclllatlon of net movement In funds to not Cash flow from operating activities 2024 2023 Net movement In funds for the year (as per the Statement of Financlal Actlvltlesj Adjustments for: Depreciation charges Unrealised (gainllloss on investments Dividends & Interest from investment 260,708 120,088) 14,843 (29,886) {66,682) 13,097 25,301 130,114) (Increase)Idecrease in debtors Increaselldecreasel in creditors Net cash provlded by/(used In) operatlng actlvltles (46,846) 194,374 326,511 70,179 142,182) 16,193 B: Analysis of cash and cash equlvalents 2024 2023 Cash in hand Notice deposits & fixed term investments Total cash and cash equivalents 343,652 1,347,154 1.690.806 166,222 1,159.184 1.325.406 23
Bromley Mencap Analysis of change in net debt At start of year Cashflows Oth8r non-cash changes At end of year Cash Cash equivalents Sub-total 166,222 1,159,184 1.325,406 177,430 187,970 365,400 343.652 1.347,154 1,690,806 TOTAL 1,325,406 365,400 1,690,806 24
Bromley Mencap Notes to the Accounts 1 . Accounting Policies The principal accounting policies are summari5ed below. The accounting policies have been applied consistently throughout the year and in the preceding year. Basls of accountlng The financial statements have been prepared in accordance with Accounting and Reporting by Charities: ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffectlV8 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities arè initially recognised at historical cost or transaction value unless otherwise staled in the relevant 8ccounting policy note(s). Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concem. The Iruslees do not consider that there ar& any sources of estlmalion uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectiv&s of the charity and to provide Short term financial stability. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are funds of the Gharity restricted for speclflc services or subjeGt to restrictions on their expenditure impos8d by the donor or through the terms of an appeal. Incomo recognltlon pollcles Items of income are recognised and included In the accounts when all of the followlng criteria are met: The charity has entitlement to the funds., any performance conditions attached to the item(s) of income have been met or are fully wilhin the control of the charity; there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably. Where income has related expenditure (as with fundraising or Gontract income), the income and related expenditure are reported gross in the Statement of Financial Activities. For legacies, entitlement is tsken as the eadier of.. the date on which the charity is aware that probate has been granted., the estate has been finalised and notification has been made by the executorls) to Bromley Mencap that a distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity or the charity is aware of Ihe granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Income received in advance of th8 provision of a service is deferred until the crit8ria for incom8 recognttion are met. 25
Bromley Mencap Donated services and facilities Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use bythe charityofthe item is probable and that economic benefitcan bé measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corrèsponding amount is than recognised in expenditure in the period of receipt. Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payab18 by the Bank. Resourcas expended Expenditure is recognised once there is a legal or conslruclive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an acGrva15 basis and classlfied under the following activity headings: Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Expenditure on raising funds includes the cost of running fundraising events and generatlng voluntary income. Other expenditure represents those items not falling Into any other heading. Allocation of Support Costs Support costs are those functions that assist the work of the Gharlty but do not directly undertake charitable activitse5. Support costs include back office costs, finance, personnel, payroll and govemance costs which support Bromley Mencap's activitl8s. These costs have been allocated beeen cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated ar8 S8t out in note 9. Tangible Fixed Assets Individual fixed assets costing £500 or more are capitalised at cost and are depreciated ov8r their 8Stimated useful economic livas on a straight-line basis a5 follows: Buildings 50 years Computers 3 yèars Other equipment 5 years Fixtures & flttings 5 years Investments Investments are held in a managed portfolio and included in the financial statements at their market value at the balance sheet date. Any unrealised gain or loss is taken to th8 Statement of Financial activities. Unrealised gain5 and losses are calculated as the difference between the market value at the year end and the opening market value and are disclosed separately. Stock stock is included at the lower of cost or nel realisable value. Debtors Trade and other debtor5 are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can b8 measured or estimated reliably. Creditors and provisions are normally recognised at 26
Bromley Mencap their settlement amount. Pension Costs The company operates a money purchase scheme which all employees are eligible to join. Pension costs shown in the financial statements represent the employer contribution to the scheme. Taxatlon As a charity, Bromley Mencap Limited is exempt on income and gains falling within section 466- 493 of the Corporation Tax Act 2010 to the extent that these are applied to its chariiable purposes. No tax charges arose on the ordinary activities for the year ended 3151 March 2024. Crltlcal accounting estimates and Judgements Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. No judgements {apart from those Involvlng estlmates) have been made in the process of applylng the above accounting policies. Statement of Financial Activlties (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2023 Unrestricted Restricted Funds Fund5 Total 2023 Income from: Charitable Activities Donations & legacies Other trading activities Investment income 955,898 55,263 19,222 30,115 943,795 1,899.693 5,335 60,598 19,222 30,115 Total Income 1,060,498 949,130 2,009,628 Expendlture on Charitable activities Raising funds Other 1,019,024 29,736 638 950,724 1,969,748 4,293 34,029 638 Total Expendlture 1.049,398 955,017 2,004,415 Net Income l (expendlturel before net gains l (losses) on Investments 11,100 (5,887) 5,213 Net gainsl(losses) on investments (25,301 } 125,301) Net Incomel(expenditure) (14,2011 (5,887) 120,0881 Transfers between funds (16,2881 16,288 Net movement In funds 130,489) 10,401 120.088) Reconciliation of funds Total funds brought forward at 1 April 2022 1.376,766 576,486 1,953,252 Total funds carried forward at 31 March 2023 1.346,277 586,887 1,933,164 27
Bromley Mencap 2. Income from Charitable Activities 2024 2023 Restrlcted fund5 Employment Services Bromley Third Sector Enterprise London Borough of Bromley 115,230 63.334 108.852 49,985 178,564 158,837 Chlldren, Adult & Famlly Servlces London Borough of Bromley Bromley fhird Sector Enterprise London Fre8rnason Charlty National Lottery Community Fund 8ruce Wake Charitsble Trust Co-operatlve Soclety Education & Skills Funding Agency Bally Thomas Mercers Ch8dlabl8 Foundation 236.558 37S.OOS 9,850 68,598 2,000 980 106,200 20.000 10,123 6,500 2,300 230,723 366,137 41,892 Communlty Waves DWF Foundatlon Royal Mencap Masonlc Ch8rlty Trust Naighbourfy The Clolhworkers Foundation 14,247 4,320 9,212 10,800 1.000 9,900 Morrisons Foundallon 5,260 5,000 Garfield Weston The Leathersellers Company BBC Children in Nee 15,000 35,500 8,597 950 35.000 Groundwork UK Other Income from Charltable Activllles 640 904,026 728,266 Tho Lodg Clty 8ridge Trust 52,300 56,692 52,300 56,692 1.134.890 943,795 Unrestricted Fund5 Direct Payments & Self Funders Royal Mencap London & South East Colleges London Borough of Bromley Department for Work and Pensions Leisure Activity Income Small contracts 738,507 13,800 115,888 595,233 67,200 71,904 17.000 195,991 3,144 5,426 285,062 3,274 600 1,157,131 955,898 2.292,021 1,899,693 28
Bromley Mencap 3. Donations and Legacies Unrestricted Restricted Funds Funds Totsl 2024 Total 2023 Legacies: M Ramnath 2,000 Donations & Core Costs Funding: Trinity United Reformed Church First Senlier Investment Identity E2E Co-operative Soclety Community Fundraising Donations 10,000 10.000 15,000 3,500 8.500 3,267 12,565 5000 5,000 4,334 4,334 Olh8r Donations 11,353 2.870 14,223 15,766 60,598 30,687 2,870 33,557 The aggregate value of unconditional donations from Trustees was £500 {2023- £2301. 29
Bromley Mencap 4. Income from Other Tradlng Activities Unrestrided Restricted Funds Funds Tolal 2024 Total 2023 Community Fundraising activities Sales from Lodge KiosklBike Sales Donated Services & Facilities 1,963 10.774 2,300 1,963 10,774 2,300 15,037 8,927 7,995 2,300 15,037 19.222 5. Investment Income Unreslrlcled Restricted Funds Funds Toial 2024 Total 2023 Interest on Investment Portfolio Bank Interest R8ceivable - UK 12,723 53,959 66.682 12,723 53,959 66,682 11.688 18,427 30,115 6. Expenditure - Total Direct Staff Costs other Dlrect Costs Support Costs Total 2024 Total 2023 Charitable Activities Employment Services Children,Adult & Family Services Bromley Scope The Lodge No10 Other Charitable Activities 415,226 965,204 12,433 194,097 25,810 197,973 2,706 36,281 113,441 554,477 521,806 167,183 1,330,360 1,119,114 2,821 17,960 13,968 32,147 262,525 222,528 89,944 321 1,925 2,388 263,091 315,592 2,167,247 1,969,748 {17,646) 8,663 8,481 34,029 115,568 {324,255) 747 638 361,013 1,604 1,588,564 17,464 209,434 Cost of Fundralslng Other Expenditur8 1,815.462 2,176,475 2023 1,562,103 442,312 2.004,415 30
Bromley Mencap 7. Expenditure - Other Direct Costs 2024 2023 Cost of Charltable Actlvltles Activity ¢ost5= Leaders, Hall Hire. Resources Childminder Costs Computer Costs Telephone, Postage, Printing & Stationery Stsff Training Property Rental Non Capital Furniture & Equipment Travel Costs Dèpr8ciation Recruitment & Other Staff Costs Professional Fees & Subscriptions Other Costs Mortgage Interest Eden Park Premises Costs Training Centre Works Improvements to the Lodge Loss on disposal of property Fundraising Charge 44,694 14,634 17,973 7,260 11,314 14,557 8,756 8,131 11,793 5,115 6,130 48,487 33,759 16,750 29,549 9,613 4,800 3,255 5,216 11,709 14,702 1,191 50,953 770 24,296 5,102 69,250 4,013 88,477 33.258 34.849 263,091 377,265 Cost of Fundraising Fundraising & Publicity Fundraising Charge 17,202 (34,848) 17,230 (33,258) (17,646) (16,0281 245,445 361,237 31
Bromley MenGap 8. Expenditure - Support Costs 2024 2023 Management Costs staff Costs HR Services Other Costs 132,955 8,068 18,706 124,764 7,200 3,687 159,729 135.651 Accountlng Costs Staff Costs Payroll Costs Other Costs 68,856 3,324 7,528 70,576 2,241 6,770 79,708 79,587 Office Costs Rent & Rat8S Other Pr8mis8s Costs Insurance other Costs 25,800 20,522 6,122 23,705 26,640 14,066 5,020 13,255 76,149 58.981 Governance Costs Audit Fees Other Costs 6,113 2,556 5,239 1,368 8,669 6,607 324,255 280.826 32
Bromley Mencap 9. Allocation of Support Costs Manage ment Costs Accounting Costs Office Costs Governance Costs Tolal 2024 Total 2023 Employment Services Children, Adult and Family Services 57,915 19,663 32.720 3,143 113,441 118,105 77,682 44,726 40,559 4,216 167,183 120,699 Bromley Scope The Lodge Fundraising 1,440 21,907 785 489 814 78 2.821 32,146 8,664 2.277 27,596 12,149 7,438 7.392 1,612 444 1,189 43 159,729 79.708 76,149 8,669 324,255 2023 135,651 79.587 58,981 6,607 280,826 Basis of Allocatlon Management costs Accounting costs Office costs Gov8rnance costs A combination of time and headcounl A combination of time and headcounl Headcount A combination of time and headcount 10. Expenditure - Staff Costs Stsff costs totalling were made up as follows- 2024 2023 Wages & salaries Social security costs Pension cosls 1,647,580 124,302 43,580 1,423,362 100,655 38,085 1,815,462 1,562,102 The average number of full- time equivalent employees, analysed by function, was.. 2024 16.0 32.0 2023 15.50 26.50 Employment Services Children. Adult & Family Services Bromley Scope The Lodge Management & Fundraising 58.5 52.5 The average number of employees in the Money Purchase Pension Scheme was 55 in 2024 (2023:49}. All employee5 are offered the opportunity to join the Money Purchase Pension Scheme. Redundancy payments totalling £nil {2023: £4.325) were made during the year and are included in the wages and salaries figures above. 33
Bromley Mencap The trustees have considered the level of holiday entitlement carried forward at the year end and have decided that it is not material. An accrual has. therefore, not been made. The averaga headcount during the year Wa37 (2023: 131). The number of émployees vthose eamings fell within the following bands '. 2024 2023 £70,000 - £79,999 The agggate remuneration of key management personnel was £199.142 (2023: £184.747) The only employee benefit received by key management personnel was a 5 % contribution to pensions, the aggregate amount of which was £9,151 {2023: £9,237). 11. Net income l (expenditure) for the year This is slated after charging l (crediting): 2024 2023 Operating lease rentals,. Property 40,357 22,500 Depreciation 14,842 13,097 Auditorfs remuneration.. Audit fees 4,846 4,583 12. Donated Services and Facilities The following amounts, estimated at market value where the actual cost Is not known, were Included under income. 2024 2023 Big Yellow- Storage 2,300 2,300 2,300 2,300 13. Indemnity Insurance The cost of indemnity insurance to indemnify the Board and senior staff against the consequenGes of any neglect or default on their part was £1.902 {2023- £1,902). 14. Grants to Families Grants to the value of£nil were paid out during the year (2023: £nil).
Bromley Mencap 15. Trustees, Remuneration and Benefits None of the Trustees received any remuneration for the year12023= £NIL). No expenses were reimbursed to TrLbStees during Ihe year (2023- £NIL}. There were no related party transactions12023- £nil). 16. Tangible Fixed Assets Office Flxtures & Flttlngs Equipment Total Cost At 1 April 2023 96.947 19,452 15,693 112.640 19,452 Additions Disposals At 31 March 2024 116,399 15,693 132,092 Depreclatlon At 1 April 2023 Charge for year 76,566 14,132 13,013 709 89,579 14,841 At 31 March 2024 90,698 13,722 104.420 Book value at 31 March 2024 25,701 1,971 27,672 Book value at 31 March 2023 20,381 2,680 23,061 17. Fixed Asset Investments The charity holds 2 shares of £1 each in its wholly owned subsidiary company Bromley Mencap Enterprises Ltd which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid. The company was dormant in the p8riod under r8view and did not trade. 35
Brom18y Mencap 18. Debtors 2024 2023 Due withln one year Prepayments Trade Debtors Other debtors Accrued income 20,524 292,474 18,644 7,039 19.142 233.192 34.121 5,380 338,681 291.835 19. Investments 2024 2023 Investments at market value brought forward 453,896 471,790 Income Including deposit interest Management Fees Unreallsed galnl(10ss) on investment 12,723 (4,3841 29,886 492,121 11,688 14,281) 125,301) 453,896 36
Bromley Mencap 20. Creditors 2024 2023 Due within one year Other Taxation & Social Security costs Other Credrtors & accruals Deferred income 27,914 98.503 228,993 355,410 26,689 100.048 34,299 161,036 Deferred income represents income received for services due to stsrt on or after 151 April 2024, wh8r8 costs have been included from thal dat8 onwards. 2024 2023 Balance at beginning of year Amounts released to income Amounts deferred In the year Balance 8t the end of the year 34,299 (34,2991 228,993 228,993 65,700 {65,700) 34.299 34.299 21. Operatlng Lease Commitments The amounts payable under non-canc8llabl8 Operating lèas8s as at 31 March 2024 are as follows:_ Land & Buildlngs Total 2024 Total 2023 Payablè Wlthin one year Within 0- flve years 47,500 146,699 194,199 47,500 146,699 194,199 22,500 22,500 37
Bromley Mencap 22. Analysis of Net Assets between Funds Unrestricted Funds Restricted Funds Total 2024 Tangible fixed assets Investment Assets Current assets Current liabilities 18.303 9,369 27,672 1.627,172 (96.597) 894,436 1258,8131 2,521,608 (355,4101 1,548.880 644,992 2,193,872 Prlor Year Unrestrictad Funds Restricted Funds Total 2023 Tanglble fixed assets Investment Assets Current assets Current liabilities 12,043 11,018 23.061 1.420,297 {86,065) 650,840 (74,971) 2,071,137 (161,036) 1,346,277 586,887 1,933,164 38
Bromley Mencap 23. Movements in Funds Balance 1 April 2023 Net Transfers Gain on Investment Balance 31 March 2024 Income Expendlture Restricted Fund5 Employment Services Children, Adult & Family ServiGes Scope Funds The Lodge Other 68,582 187,776 (187,772) 68,586 345,389 172,477 897,684 (832.964) (17,959) (52,300) 11,340 421,449 154,518 52.300 439 586,887 1,137,760 439 644,992 1,090,995 11,340 Unrestricted Funds Designated Funds Employm&nt Services Children. Adult & Family Servi8 The Lodg8 Propety 42,738 {23,063) 19,675 15,657 8,387 500,000 566,782 {2,4011 (4,2751 250.000 220,261 13,256 4,112 750,000 787,043 General Funds 779,495 1.269,537 1,085,480 231,601 29,886 761,837 1.346,277 1,269,537 (1,085,480) 11,340 29,886 1,548,880 Total Funds 1,933,164 2,407.297 2,176,475 29,886 2,193.872 39
Bromlèy Mencap Balancè 1 April 2022 Prior Year Net Transfers Gain on Investment Balance 31 March 2023 Income Expenditure Restricted Funds Employment Services Children, Adult & Family Services Scope Funds The Lodge Other 78,336 152,555 1177,892) 15,583 68,582 311,266 186.445 736,366 {702,948) (13,968) (60.209) 705 345,389 172,477 60,209 439 439 576.486 949 130 955,017 16,288 586,887 Unrestricted Funds Designated Funds Employment Services Children, Adult & Family servIs The Lodge Propety 16,248 26,490 42.738 21,703 16,046) 8,387 15,657 8,387 500,000 566,782 500,000 537,951 28,831 General Funds 838,815 1.060,498 1,049.398 45,119 25,301 779,495 1,376,766 1,060,498 (1,049.3981 16,288 25,301 1,346,277 Total Funds 1,953,252 2,009,628 2,004,415 25,301 1,933,164 Pur oses of Restri Fun The income funds of the charity include restricted funds comprising unexpended balance5 of funding, donations and grants held on trust to be applied for specific purposes, as explained in the Trustees Report. Transfers totalling £11,340 were made from unrestricted funds to restricted funds to cover the excess of costs incurred (2023.. £16,288). Pur oses of Desi nated F nds The 8oard has set aside £37,04312023: £66,782) of unrestrlcted funds to fund anticipated funding shortfalls in ongcing projec15 during the next financial year. A further £750,000 {2023.' £500,000) has been set aside to fund expenditure in acquiring alternative premises. Pur f General Funds General Funds are necessary to provide short term stability and working Capital in the event of unforeseen funding problems. The level currently required, as specified in the reserves policy, is £563,53412023.' £539,826). 24. Legal status of the charity The charity is a company limited by guarantee and has no share capital. Each memb8r is liablè to contribute a sum not exceeding £1 in the event of the charity being wound up. 25. Related party transactions There are no related party transactions to disclos8 for 2024 (2023.. none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. 40
Bromley Mencap Bromley Mencap Rutland House 44 Mason5 Hill Bromley BR2 9JG Tel: 020 8466 0790 Fax: 020 8466 7102 uiries@bromle www.bromleymencap.org.uk Email: en menca .or 41