Charity Number: 802103 Company Number: 02408836 (England & Wales)
**Greenwich Mencap (A company limited by guarantee)**
**Annual Report and Audited Accounts**
**For the year ended 31 March 2022**
**Greenwich Mencap**
## **Charity Information**
## **For the year ended 31 March 2022**
|Management Committee|A Pearlgood - Chair|
|---|---|
||J Lawson|
||G Earle-Hutton|
||A Lainson|
||J Sellars|
||M Pearlgood|
||S Pearce|
||N Bender|
|Director of Service|T Looker|
|Registered Office|Greenwich Mencap|
||Woolwich Common Enterprise Centre|
||Peace Street|
||London|
||SE18 4HX|
|Auditors|Simpson Wreford LLP|
||Wellesley House|
||Duke of Wellington Avenue|
||Royal Arsenal|
||London SE18 6SS|
|Bankers|CAF Bank Ltd|
||25 Kings Hill Avenue|
||West Malling|
||Kent ME19 4JQ|
|Company Number|02408836 (England & Wales)|
|Charity Number|802103|
**Greenwich Mencap**
## **Annual Report and Accounts**
**For the year ended 31 March 2022**
## **Contents**
|1-8.|Trustees’ report|
|---|---|
|9-11.|Independent auditors’ report|
||Accounts comprising;|
|12.|Statement of financial activities|
|13.|Balance sheet|
|14.|Statement of cash flows|
|15-23.|Notes to the accounts|
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2022 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
## **Constitution**
The company is a charitable company (charity number 802103) limited by guarantee (company number 02408836 (England & Wales)) and was set up with a Memorandum and Articles of Association which are its constitution on 28 July 1989. At the 2010 AGM the membership agreed a complete revision of the memorandum of association, which were approved on 7 December 2010 and filed on 13 January 2011. The revised memorandum of association included a revision to the charities objectives as detailed in the objectives and activities section of this trustees' report.
The registered office which is the principle office and the Management Committee are disclosed on the information page.
## **Compliance**
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
## **Structure, Governance and Management**
## Governance
> As stated above, Greenwich Mencap is governed by a Memorandum and Articles of Association. The Articles state that the maximum number of members on the Board of Trustees shall not exceed 12.
The Board of Trustees, who may exercise all the powers of the Charity, has a strategic overview of the business of the organisation. Ordinary Board of Trustees' meetings facilitate discussion and decisionmaking regarding the strategic direction of the organisation and ratify Policies drafted by Ellis Whittam HR consultants that are updated regularly, though not necessarily annually.
The Board of Trustees have Ordinary Meetings at least each quarter with the Director of Services and Finance Manager to provide opportunities for Trustees to consider issues in greater detail. These meetings are being held on zoom since March 2020 due to the Coronavirus.
The Director of Services also meets regularly for informal discussions with the Chair of Trustees and Treasurer.
Terri Looker was appointed as Director Services on 1st July 2017.
1
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
## Elections and Appointments
New members to the Board of Trustees are recruited via articles in the Greenwich Mencap newsletter, internet, HR recruitment sites and personal recommendation.
Potential candidates meet informally with the Chair of Trustees and the Director of Services and will complete a Skills Audit template before being presented as a suitable candidate to the Board and having had an interview with The Chair of Trustees & the Director of Services. Trustee inductions include completion of an induction form identifying key policies and signing to confirm receipt of documents, shadowing with staff (if required), site visits, mentoring from established Trustees and formal online instruction and attending structured training on Governance. Trustees are required to complete formal and in-house training.
Trustees are appointed at an Annual General Meeting (AGM) and shall take office from the end of that meeting. Existing members of the Board shall retire from office at the end of each AGM unless re-elected or re-appointed. Subject to article 42, no person shall be appointed or re-appointed as a Trustee at any General Meeting unless he or she has been nominated by one or more members by written nomination, delivered to the Company Secretary at least seven days before the date appointed for the meeting, together with notice executed by the nominee of his or her willingness to be appointed or reappointed. Provided that if no nominations for a particular vacancy are made in that period, nominations for the vacancy shall be accepted at the meeting.
## Responsibilities of the Trustees
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Under new GDPR regulations, the ultimate responsibility for data protection compliance lies with the trustees.
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure of the charity for that period.
In preparing the financial statements 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;
- state whether applicable accounting standards have been followed subject to any material departures
- disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply
2
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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.
So far as each Trustee is aware, there is no relevant information (information needed by the charity's independent examiners in connection with preparing their report) of which the charity's examiners are unaware; and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the charity's examiners are aware of that information and to establish that the charity's examiners are aware of that information.
## Charities Structure and Management
The Board's support of the Director of Services as the strategic leader of Greenwich Mencap is reflected in the development of Greenwich Mencap's Plan and further professionalisation of the permanent contracted staff through structured training courses.
In 2021/22, the Senior Management team (SMT) consisted of the Director of Services (Terri Looker) Independent Support Manager (Sally Ettridge) and Finance Manager (James Thorpe).
## Affiliations
Greenwich Mencap is affiliated to Royal Mencap Society as a Mencap Partner and is guided by their standards in relation to policies, procedures and conduct. Whilst Greenwich Mencap receives some support in kind from them, it does not receive any direct funding.
Greenwich Mencap has a good relationship with Royal Mencap Society as well as many other charities in the borough that have similar objectives. It prides itself on having the communication skills and flexibility to produce the best outcomes for our members and service users.
## Reserves Policy
The reserves policy states that Greenwich Mencap must hold one month's expenditure in reserves. (We currently hold 2 years). Total free unrestricted reserves totalled £859,990 excluding Riverwood, which has its own designated fund. Currently the minimum of one month's expenditure will be £43,500.
3
**Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
## Performance
Each project has aims and objectives for the year and the outcomes are recorded in the form of monitoring figures, budget tracking and service user feedback. Each service produces regular monitoring to the Management, Trustees and funding organisations. The finance Manager matches up Profit & Loss figures with the SMT to ensure performance to budget targets. These are then presented to the Director of Services and trustees for further scrutiny.
## Trustees
The trustees, who are also directors of the company, who served during the year, were;
Anthony Pearlgood (Chair) Sarah Pearce (Vice Chair) Jonathan Sellars (Treasurer) Jane Lawson Georgina Earle-Hutton Morris Pearlgood Anthony Lainson Nicole Bender
As Chair, I would like to express my sincere appreciation to the both the current Trustees and our former colleagues for their valuable contributions to the work of Greenwich Mencap over the past year.
## Risk Management
The Trustee Board has identified the major risks to which the charity may be exposed and has implemented systems and procedures to mitigate risks. There are sound internal controls in force to safeguard the charity’s assets.
Risks have been categorised and areas of risks identified as Low, Medium and High. A Risk Assessment folder contains Risks that safeguard our staff, volunteers and service users. Risk Assessments are routinely carried out and reviewed by Department Managers (SMT) within the organisation.
## Principal Risk
- RBG funding
- Greenlights funding
## HR Review
Greenwich Mencap has reviewed its HR procedures and has instructed Ellis Whittam consultants and is confident that their procedures are sound and robust.
4
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
## Stakeholders
In addition to the Royal Mencap Society, Greenwich Mencap has a good relationship with many other charities in the Royal Borough of Greenwich that have similar objectives, and with our other stakeholders. It prides itself on having the communication skills and flexibility to produce the best outcomes for our members and service users.
Approved by the Board of Trustees on 12 November 2022 and signed on its behalf by:
Anthony Pearlgood Chair of Trustees
5
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
## **Chairman's Report**
I would like to open this report by reminding everyone of what Greenwich Mencap continues to stand for:
## Our Vision
- A society which values people with a learning disability.
## Our Mission
- To listen to the aims, hopes and aspirations of people with a learning disability and their families and carers.
- To enable and empower all children and adults with a learning disability and their families and carers to achieve their full potential.
- To encourage and promote public awareness of the positive contribution and potential of people with a learning disability.
- To enlist the support of the general public through publicity and fundraising.
- To campaign for and represent the interests and needs of people with a learning disability, and their families and carers, to the statutory authorities and other relevant agencies.
- To provide quality social and leisure activities, and opportunities for self advocacy.
- To promote training and work experience, leading to employment opportunities for people with a learning disability.
- To promote the provision of quality residential and respite care with the support of the local community, the statutory authorities and other organisations.
- To recruit, train and support users, carers and volunteers to achieve these aims.
- To run Greenwich Mencap using sound management principles, systems and tools.
## Our Objectives
Our Governing Document states that Greenwich Mencap's aims and objectives are:
- a. To promote, campaign for and support the needs and rights of children, young people and adults with a learning disability and their families, and to deliver services to this effect;
- b. To support the inclusion agenda and recognise their rights under the Children & Families Act and the Care Act to choose what is right for them.
In the course of doing so we may also promote, campaign for and support the needs and rights of children, young people and adults with a learning disability and their respective families, and to deliver services to this effect. Greenwich Mencap values diversity in principle and practice, and works within an equal opportunities framework as it relates to children, young people and adults with learning disabilities and their families, employees, partnership services and society in general.
6
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
- c. To develop and deliver high quality, person/family- centred, specialist and inclusive age appropriate services for children, young people and adults with learning disabilities and their families. The primary area of benefit will be the London Borough of Greenwich, but includes those who are placed in residential care situations by the Royal Borough of Greenwich outside its geographical area. However, in ensuring the ongoing viability of the company, Greenwich Mencap may develop provisions outside of this region.
## Achievements in 2021/22
Though it has been a very challenging time due to the pandemic, we continued to make efficiencies and financial savings whilst continuing to provide high quality services that meet the needs of our members and service users.
Financially, we were awarded £30,289.79 from RBG towards the costs of infection control and rapid testing. We introduced a transport service system for our Riverwood service users.
We sold the property bequeathed to us and funds to be used to further improve our current services
## Donations
We are grateful for all of our donations, but a special thank you is due to:
|NAME|TOTAL|
|---|---|
|Allen Mrs Denise|10.00|
|Atkins Ms J|20.00|
|Badger Mrs R|70.00|
|Biggs Mr Adam|10.00|
|Carter Mrs June|10.00|
|Driver Allan|10.00|
|Foyle J & C|50.00|
|King Mrs M|12.00|
|Laukkanen L|20.00|
|Lloyd Mr & Mrs|20.00|
|MacRobert Miss C M|20.00|
|MacRobert Miss E|740.00|
|Morris Mr Martin|200.00|
|Nicholls Mrs Margaret|60.00|
|Prentice Mrs Susan|80.00|
|Russo Alfred|10.00|
|Shanks Ms Jennifer|100.00|
|Stables MS Alison|10.00|
|Thompson M|15.00|
|Trent Mrs C|12.00|
|Vagg Ms C|120.00|
7
## **Greenwich Mencap**
## **Trustees’ Report**
## **For the year ended 31 March 2022**
|Warner Mr G & Mrs R|1162.50|
|---|---|
|West A & D|15.00|
|Wolsey Mrs P.J|30.00|
||2,806.50|
## Key Objective
The key objective for the next accounting year will be to ensure that Greenwich Mencap’s income exceeds expenditure through cost savings and increasing income whilst continuing to meet the needs of our Members and Service Users.
We aim to do this by introducing an incentive based membership, new services to reach a wider audience increasing client numbers and plan more fundraising events
## Staff & Volunteers
The positive contribution from all of our staff and volunteers is critical to the success of Greenwich Mencap. My fellow-Trustees and I wish to place on record their sincere appreciation of the efforts of all staff over the past year, despite the continuing uncertainties of funding, etc and the changes which have come about within Greenwich Mencap.
Approved by the Board of Trustees on 12 November 2022 and signed on its behalf by:
Anthony Pearlgood Chair of Trustees
8
## **Independent Auditors’ Report to the members of Greenwich Mencap**
## **For the year ended 31 March 2022**
## **Opinion**
We have audited the financial statements of Greenwich Mencap (the ‘Charity’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).
In our opinion, the financial statements:
- give a true and fair view of the state of the Charity’s affairs as at 31 March 2022 and of its incoming resources and application of resources 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 Charity 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 going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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’ report (incorporating the strategic report and the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees’ report (incorporating the strategic report and the directors’ report) have been prepared in accordance with applicable legal requirements.
9
## **Independent Auditors’ Report to the members of Greenwich Mencap**
## **For the year ended 31 March 2022**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity 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 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;
- the financial statements are not in agreement with the accounting records and returns;
- we have not obtained all the information and explanations necessary for the purposes of our audit;
- the directors were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemption in preparing the directors’ report and take advantage of the small companies’ exemption from the requirement to prepare a strategic report.
## **Responsibilities of the trustees**
As explained more fully in the trustees’ responsibilities statement set out on pages 2-3, the trustees 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 they 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.
## **Our 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. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the computer software and support sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, data protection and FCA regulation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained
- alert to instances of non-compliance throughout the audit.
10
## **Independent Auditors’ Report to the members of Greenwich Mencap**
## **For the year ended 31 March 2022**
## **Audit response to risks identified**
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 1 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation and;
- enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
## **Use of our report**
This report is made solely to the Charityʼs 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 Charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Kate Taylor FCA (Senior Statutory Auditor) for and on behalf of Simpson Wreford LLP, Statutory Auditor**
Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS
Dated: …………………..
11
## **Greenwich Mencap**
## **Statement of Financial Activities**
## **(Incorporating Income and Expenditure account)**
## **For the year ended 31 March 2022**
|**Notes**
**INCOME FROM:**
Donations and legacies
**7**
Other trading activities
**7**
Charitable activities
**7**
Investment income
**TOTAL**
**EXPENDITURE ON:**
Raising funds
Charitable activities
**TOTAL**
**9**
**NET INCOME/(EXPENDITURE)**
Transfers between funds
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Balance at 1 April 2021
Balance at 31 March 2022|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total 2022**
**Total 2021**
**£**
**£**
**£**
**£**
59,999
112,725
172,724
920,296
2,863
-
2,863
1,549
379,404
-
379,404
343,050
116
-
116
-|
|---|---|
||**442,382**
**112,725**
**555,107**
**1,264,895**|
||-
-
-
-
400,001
121,147
521,148
475,900|
||**400,001**
**121,147**
**521,148**
**475,900**|
|||
||**42,382**
**(8,422)**
**33,960**
**788,995**|
||(8,422)
8,422
-
-|
||**33,960**
**-**
**33,960**
**788,995**|
||1,087,616
52,589
1,140,205
351,210|
||**1,121,576**
**52,589**
**1,174,165**
**1,140,205**|
|||
The Statement of Financial Activities includes all gains and losses in the year. All income and expenditure derive from continuing activities.
The notes on pages 15 to 23 form part of these financial statements.
12
## **Greenwich Mencap**
## **Balance Sheet as at 31 March 2022**
|**Notes**
**FIXED ASSETS**
Investment property
**10**
Tangible fixed assets
**11**
**CURRENT ASSETS**
Debtors
**12**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
**13**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS OF THE CHARITY**
Restricted funds
**15**
Unrestricted funds
**15**
**TOTAL CHARITY FUNDS**|**£**
**£**
**£**
**£**
-
755,000
15,364
6,285
15,364
761,285
46,222
61,255
1,142,589
336,056
1,188,811
397,311
(30,009)
(18,391)
1,158,801
378,920
1,174,165
1,140,205
52,589
52,589
1,121,576
1,087,616
1,174,165
1,140,205
**2022**
**2021**|
|---|---|
|||
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102).
The financial statements on pages 12 to 23 were approved by the Trustees on 12 November 2022 and signed on their behalf by:
_______________________ A Pearlgood
Company Number: 02408836 (England & Wales)
13
## **Greenwich Mencap**
## **Cash Flow Statement at 31 March 2022**
|**Statement of Cash Flows**
**Notes**
**Cash flows from operating activities:**
**Net cash provided by (used in) operating activities**
**22**
**Cash flows from investing activities:**
Purchase of property plant and equipment|**2022**
**2021**
**Funds**
**Funds**
**£**
**£**
65,732
25,506
(14,200)
-|
|---|---|
|Proceeds from sale of investment property
**Net cash provided by (used in) investing activities**
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
**23**
Change in cash and cash equivalents due to exchange rate movements
Cash and cash equivalents at the end of the reporting period
**23**|755,000
-
740,800
-
806,532
25,506
336,056
310,550
-
-
1,142,589
336,056|
14
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
## 1. **Accounting Policies**
- (a) Company information – Greenwich Mencap is a company limited by guarantee, incorporated in England and Wales and registered as a charity with the Charities Commission. The registered office is Unit 7 Woolwich Common Enterprise Centre, Peace Street, London, SE18 4HX.
- (b) Basis of preparation - The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.
The effects of events relating to the year ended 31 March 2022 which occurred before the date of approval of the financial statements by the Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2022 and the results for the year ended on that date.
Greenwich Mencap meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
- (c) Fixed assets are only capitalised were their value exceeds £250. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance Motor Vehicles - 25% reducing balance Website Costs - 25% reducing balance
- (d) Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measures at fair value at the reporting end date. Changes in fair value are recognised in the profit or loss.
- (e) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT, which cannot be recovered.
- Costs of generating funds relates to the costs incurred by the charitable company in raising funds for charitable work.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned as disclosed in (e) below.
15
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
- (f) Resources expended are recognised in the year in which they are incurred. Certain expenditure is directly attributable to specific activities and has been included in those categories. Support costs which are attributable to more than one activity are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.
- (g) Grants and donations are recognised in full in the statement of financial activities in the year in which they are receivable, where they are received in advance, they are treated as deferred income. All deferred income relates to a period of less than 1 year. Legacies are recognised in full in the year in which they are received.
- _(h)_ Funds held by the charity are defined as:
- _Unrestricted funds_
- Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
- _Restricted Funds_
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
- (i) Liabilities are recognised where probable obligation to transfer economic benefits exist and debtors are recognised on at the point that the charity becomes entitled to receive income from service provided.
- (j) Rentals payable under operating leases are charged to the statement of financial activities on a straight-line basis over the lease term.
- (k) The charity operates two pension schemes;
- The charity provides a defined contribution pension scheme for all new employees, the assets of which are held separately from those of the company in an independently administered fund. Contributions to this scheme are charged to the income and expenditure account as they become payable.
- The charity also provides a defined benefit pension scheme, which is governed and administered by the London Borough of Greenwich. As such contributions to this scheme are charged to the income and expenditure account as they become payable.
- (l) Going concern - there are no material uncertainties about the charity’s ability to continue.
## 2. **Net outgoing resources**
|This is stated after charging:
Depreciation
Auditors’ remuneration
Other fees paid to auditors|**_2022_**
5,121
5,700
-|**_2021_**
2,095
5,520
-|
|---|---|---|
## 3. **Trustees expenses**
No remuneration or benefits in kind was paid to any trustee in the year. No direct reimbursements for expenses to trustees were made during the financial year.
16
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
## 4. **Pension commitments**
The following payments were made to the company pension schemes in the year:
||**_2022_**|**_2021_**|
|---|---|---|
|Defined Benefit Scheme|2,682|3,335|
|Auto-enrolment Scheme (Defined Contribution) 14,196||14,326|
At 31 March 2022 £4,331 (2021 £1,058) was payable to the fund. The defined benefit scheme is a multi-employer scheme, paid to the London Borough of Greenwich. As such the charity is unable to identify its share of the underlying gross assets and liabilities of the scheme in a consistent and reasonable basis. The above figures are based on the current year contributions.
## 5. **Taxation**
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## 6. **Staff costs**
|Staff costs for the year were as follows:
Wages and salaries
National insurance costs
Pension costs|**_2022_**
379,235
27,338
14,406
**420,979**|**_2021_**
360,965
26,584
13,984
**401,533**|
|---|---|---|
The average number of employees during the year, calculated on the basis of full time staff, was as follows:
||**_2022_**|**_2021_**|
|---|---|---|
|Direct staff|22|24|
No employee was paid a salary greater than £60,000.
17
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
|**7 Voluntary Income**
Donations and gifts
Legacies
Grants received and spot funding
**Total**
**_Grants Received and Spot Funding_**
Royal Borough of Greenwich
Royal Borough of Greenwich - COVID - Infection control
Royal Borough of Greenwich - COVID - Rapid testing
Metro Centre - Lets Sort It Out *
Big Lottery Fund - Greenlights
Job Retention Scheme
**7.2 Activities for Generating Funds**
Fundraising and Events Income
**Total voluntary income**
**Incoming resources from charitable activities**
Service fees
Placement fees
Other income
Riverwood Sales
**Total**
**Total Income**|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Total 2022 Total 2021**
**£**
**£**
**£**
**£**
4,730
-
4,730
8,516
-
-
-
755,000
55,269
112,725
167,994
156,780|
|---|---|
||**59,999**
**112,725**
**172,724**
**920,296**|
||-
18,000
18,000
18,000
18,483
-
18,483
-
11,807
-
11,807
-
-
40,500
40,500
38,000
-
54,225
54,225
53,688
24,979
-
24,979
47,092|
||**55,269**
**112,725**
**167,994**
**156,780**|
||2,863
-
2,863
1,549|
||**2,863**
**-**
**2,863**
**1,549**|
||133,119
-
133,119
78,628
242,899
-
242,899
262,205
1,134
-
1,134
804
2,368
-
2,368
1,413|
||**379,520**
**-**
**379,520**
**343,050**|
|||
||**442,382**
**112,725**
**555,107**
**1,264,895**|
|||
18
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
||**Donations,**|||||||||
|---|---|---|---|---|---|---|---|---|---|
||**gifts &**|**Grants**||**Other**|**Placement**||**Service**|||
|**8 Income by activity**|**legacies**|**received**|
**Fundraising**|**income**|**fees**|**Sales**|**fees**|**Total**||
|Let's Sort Out|-|40,500|-|-|-|-|-|40,500||
|Greenlights|-|54,225|-|-|-|-|-|54,225||
|Riverwood|58|-|-|-|242,899|2,368|3,425|248,749||
|Adult Services|-|18,000|-|-|-|-|-|18,000||
|Independent Living Services|-|-|-|-|-|-|129,695|129,695||
|Central services|4,672|-|2,863|1,134|-|-|-|8,669||
|Job Retention Scheme|-|24,979|-|-|-|-|-|24,979||
|COVID - Infection control|-|18,483|-|-|-|-|-|18,483||
|COVID - Rapid testing|-|11,807|-|-|-|-|-|11,807||
||**4,730**|**167,994**|**2,863**|**1,134**|**242,899**|**2,368**|**133,119**|**555,107**||
|||||||||||
|**8 Income by activity**
Let's Sort Out
Greenlights
Riverwood
Adult Services
Independent Living Services
Central services
Job Retention Scheme
COVID - Infection control
COVID - Rapid testing|**8 Income by activity**
Let's Sort Out
Greenlights
Riverwood
Adult Services
Independent Living Services
Central services
Job Retention Scheme
COVID - Infection control
COVID - Rapid testing|**Donations,**
**gifts &**
**legacies**
**Grants**
**received**
**Fundraising**
**Other**
**income**
**Placement**
**fees**
**Sales**
**Service**
**fees**
**Total**
- 40,500 - - - - -
40,500
-
54,225
- - - - -
54,225
58
-
-
-
242,899
2,368
3,425
248,749
-
18,000
-
-
-
-
-
18,000
-
-
-
-
-
-
129,695
129,695
4,672
-
2,863
1,134
-
-
-
8,669
-
24,979
-
-
-
-
-
24,979
-
18,483
-
-
-
-
-
18,483
-
11,807
-
-
-
-
-
11,807|
|---|---|---|
|||**4,730**
**167,994**
**2,863**
**1,134**
**242,899**
**2,368**
**133,119**
**555,107**|
||||
|**Direct costs**
Bad debt
Bank and Service Charges
Cleaning
Clinical Supevision
Disposal of Investment Property
Groups, Meetings and Socials
Insurance and Fees
Office Expenses
Personnel Function
Postage - General
Premises Costs
Professional Fees - Audit
Professional Fees - Membership
Professional Fees - Payroll
Resources
Salaries and Related Costs
Telephone
Training
Travel
Depreciation
**Support costs allocated on the**|**Independent**
**Living**
**Adult**
**Services**
**Riverwood Greenlights**
**Siblings**
**Project**
**Lets sort it**
**out**
**Total**
**Projects**
**Fundraising**
**Support**
**costs &**
**governance**
1,170
-
1,032
-
-
-
2,202
-
-
-
-
-
-
-
-
-
-
110
-
-
1,545
-
-
-
1,545
-
210
-
-
-
375
-
-
375
-
-
-
-
-
-
-
-
-
-
17,143
-
2,041
-
306
-
-
2,347
-
-
-
-
4,080
-
-
1,000
5,080
-
(57)
979
8
1,343
70
-
1,607
4,008
-
16,008
-
-
-
-
-
-
-
-
4,758
-
-
-
-
-
39
39
-
518
-
1,349
14,246
1,584
-
-
17,179
-
2,375
-
-
-
-
-
-
-
-
5,700
-
-
-
-
-
-
-
-
35
-
-
-
-
-
-
-
-
2,195
240
-
1,993
200
-
-
2,433
-
13
131,794
11,199
163,530
36,836
-
29,278
372,637
-
50,347
1,775
-
2,883
612
-
432
5,702
-
4,486
-
-
270
80
-
-
350
-
(1,401)
-
-
(898)
-
-
391
(507)
-
199
17
91
22
13
-
-
143
-
4,978
**basis of fund size**
**0%**
**5%**
**71%**
**19%**
**0%**
**7%**
**100%**
**100%**
-
5,513
73,980
20,370
-
7,753
107,616
-
(107,616)
-
-
-
-
-
-
-
-
-||
|
Management Fee
Fundraising Costs|||
||**135,975**
**20,201**
**264,026**
**60,447**
**-**
**40,500**
**521,148**
**-**
**-**||
||||
Support costs are allocated by time spent by central staff and management.
19
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
|**Year ended 31 March 2022**||
|---|---|
|**10 Tangible Fixed Assets**|**Investment**|
||**Property**|
||**£**|
|**Fair value**||
|At 1 April 2021|755,000|
|Additions|-|
|Disposals|(755,000)|
|At 31 March 2022|-|
|The investment property was sold on 30 September 2021 for a sales price of £755,000||
|**10 Tangible Fixed Assets**
**Fair value**
At 1 April 2021
Additions
Disposals
At 31 March 2022
The investment property was sold on 30 September 2021 for a sales price of £755,000|**10 Tangible Fixed Assets**
**Fair value**
At 1 April 2021
Additions
Disposals
At 31 March 2022
The investment property was sold on 30 September 2021 for a sales price of £755,000|**10 Tangible Fixed Assets**
**Fair value**
At 1 April 2021
Additions
Disposals
At 31 March 2022
The investment property was sold on 30 September 2021 for a sales price of £755,000|**Investment**
**Property**
**£**
755,000
-
(755,000)|
|---|---|---|---|
||||-|
|||||
|**11 Tangible Fixed Assets**
**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Depreciation charge
At 31 March 2022
**Net book values**
31 March 2022
31 March 2021|**Office**
**Equipment**
**£**
31,755
-|**Motor**
**Vehicles**
**Website**
**Costs**
**Total**
**£**
**£**
**£**
7,460
5,414
44,629
14,200
-
14,200
21,660
5,414
58,829
6,751
3,701
38,344
3,727
428
5,121
10,478
4,129
43,465
11,182
1,285
15,364
709
1,713
6,285||
||31,755|||
||27,892
966|||
||28,858|||
||2,897|||
||3,863|||
|||||
|||||
|**12 Debtors**
Trade debtors
Other debtors||**2022**
**2021**
**£**
**£**
32,230
47,591
13,992
13,664
46,222
61,255||
20
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
|**13 Creditors**
Trade creditors
Other creditors
Accruals and deferred income||**2022**
**2021**
**£**
**£**
1,501
3,171
22,944
8,643
5,564
6,577
30,009
18,391
**Fixed assets**
**Net Current**
**assets**
**Total**
**£**
**£**
**£**
473
52,116
52,589
14,890
1,106,685
1,121,576
**15,364**
**1,158,801**
**1,174,165**|
|---|---|---|
|**14 Analysis of net assets between funds**
Restricted funds
Unrestricted funds|||
||||
|**15 Statement of funds**
**Restricted funds**
Royal Borough of Greenwich - Childrens services
Royal Borough of Greenwich - Lets sort it out
Royal Borough of Greenwich - Transition Worker
Royal Borough of Greenwich - Adult Activities
Big Lottery Fund - Greenlights
**Designated funds**
Independent Living Service - Service fees
Riverwood - Service fees, placement fees and sales
**Unrestricted funds**
**Total funds**|**Balance**
**B/fwd**
**Incoming**
**resources**
**Outgoing**
**resources**
**Transfers**
**Balance**
**C/fwd**
**£**
**£**
**£**
**£**
**£**
41,282
-
-
-
41,282
-
40,500
(40,500)
-
-
11,307
-
-
11,307
-
18,000
(20,201)
2,201
-
-
54,225
(60,446)
6,221
-||
||52,589
112,725
(121,147)
8,422
52,589||
||-
129,695
(135,975)
6,280
-
276,862
248,749
(264,026)
-
261,586||
||276,862
378,444
(400,001)
6,280
261,586||
||||
||810,754
63,938
-
(14,702)
859,990||
||||
||**1,140,205**
**555,107**
**(521,148)**
**-**
**1,174,165**||
||||
## **15 Restricted Funds**
## _Let’s sort it out and adult activities_
Support service for adults with a learning disability offering advice on a range of issues including benefits, health support, statutory agencies, advocacy and support at meetings.
_Greenlights_
Provides behaviour support and intervention for children with learning disabilities and additional challenging behaviour.
21
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
## **16 Transfers**
Funds have been transferred from unrestricted reserves to supplement the deficits on Royal Borough of Greenwich – Adult Activities (£2,201), Big Lottery Fund – Greenlights (£6,221), and Independent Living Service (£6,280).
## **17 Operating lease commitments**
At 31 March 2022 the company was committed to making the following payments under non-cancellable operating leases:
|
Due within one year
Due after one year|**2022**
**2021**
3,276
6,552
-
3,276
**3,276**
**9,828**|
|---|---|
## **18 Related parties**
The following transactions occurred with known related parties during the financial year:
T Looker [Director of services] - £254.91 of direct reimbursement of expenses
A Pearlgood [Trustee] - £45.25 of direct reimbursement of expenses
There were no outstanding balances with any known related parties at the year end.
## **19 Other professional services provided by the auditors**
In common with many other charities of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
## **20 Limited liability**
The Trustees of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.
## **21 Restricted reserves in deficit**
The deficits on Lets Sort It Out, Adult Activities and Greenlights have been funded from general reserves. Overall unrestricted reserves show a surplus of £1,121,576 (2021 – £1,087,616). This is made up of free reserves of £859,990 and designated reserves of £261,586.
22
## **Greenwich Mencap**
## **Notes to the financial statements**
## **Year ended 31 March 2022**
## **22 Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|**Net income/(expenditure) for the reporting period**
Adjustments for:
Legacies received
Depreciation charges
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by (used in) operating activities**|**2022**
**2021**
**£**
**£**
33,842
788,820
-
(755,000)
5,122
2,095
116
174
15,032
(3,366)
11,620
(7,217)
65,732
25,506|
|---|---|
|**23 Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**2022**
**2021**
**£**
**£**
1,142,589
336,056
1,142,589
336,056|
23