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 2024
Greenwich Mencap
Charity Information
For the year ended 31 March 2024
Management Committee A Pearlgood - Chair J Lawson A Lainson – resigned 25 November 2023 J Sellars L Smyth – appointed 25 November 2023 T Smyth – appointed 25 November 2023 S Pearce – resigned 25 November 2023 N Bender – resigned 25 November 2023 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 2024
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 2024
The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2024 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 charity 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 WorkNest HR Consultants that are updated regularly, though not necessarily annually.
The Board of Trustees have Ordinary Meetings at least each quarter with the CEO 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.
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed subject to any material departures
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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
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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 2023/24, the Senior Management team (SLT) consisted of the Director of Services (Terri Looker), Independent Support Manager (Sally Ettridge), Greenlights Manager (Claire Hardy), Finance Manager (James Thorpe), Project Lead (Marie Masher), and Arts and Craft Lead (Samual Kenny).
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.
Financial Review and Reserves
The trading results for the year and the charity’s financial position at the end of the year are shown in the attached financial statements. The net deficit for the year is £10,232.
The trustees have set a minimum level of six months of operating costs for the organisations desired level of reserves. Currently the minimum of one month’s expenditure will be £43,500. Total free unrestricted reserves totalled £317,874, excluding Riverwood (£144,259), and a legacy received currently held as investments (£655,514), both of which have their own designated funds. Of these unrestricted funds, £20,648 is held as fixed assets, leaving £297,226 as accessible free reserves.
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
While there are no formal restrictions on the legacy the Letter of Wishes with it stated that it was for the longterm sustainability of the charity, as such the Trustees have chosen to treat it as an endowment and have designated these funds. Any income generated will be used for the future sustainability of the charity.
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 Anthony Lainson – resigned 25 November 2023 Nicole Bender – resigned 25 November 2023 Sarah Pearce – resigned 25 November 2023 Laura Smyth – appointed 25 November 2023 Timothy Smyth – appointed 25 November 2023
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
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RBG funding
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Greenlights funding
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LLW annual increases
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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.
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 6 December 2024 and signed on its behalf by:
Anthony Pearlgood Chair of Trustees
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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
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To listen to the aims, hopes and aspirations of people with a learning disability and their families and carers.
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To enable and empower all children and adults with a learning disability and their families and carers to achieve their full potential.
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To encourage and promote public awareness of the positive contribution and potential of people with a learning disability.
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To enlist the support of the general public through publicity and fundraising.
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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.
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To provide quality social and leisure activities, and opportunities for self advocacy.
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To promote training and work experience, leading to employment opportunities for people with a learning disability.
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To promote the provision of quality residential and respite care with the support of the local community, the statutory authorities and other organisations.
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To recruit, train and support users, carers and volunteers to achieve these aims.
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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:
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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;
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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. c. To develop and deliver high quality, person/family- centred, specialist and inclusive age appropriate
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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 2023/24
Though it has been a very challenging time due to the rise in the cost of living and the annual increase to the London Living Wage (unusually high) 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.
We were awarded £25,000 from Royal Borough of Greenwich (RBG) for Greenlights project. RBG also awarded a £2.60 increase per Riverwood placement.
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 |
| Foyle J & C | 50.00 |
| King Mrs M | 12.00 |
| Laukkanen L | 20.00 |
| Lloyd Mr & Mrs | 20.00 |
| M Thompson | 15.00 |
| MacRobert Miss C M | 10.00 |
| MacRobert Miss E | 250.00 |
| Morris Mr Martin | 100.00 |
| Nicholls Mrs Margaret | 60.00 |
| Prentice Mrs Susan | 60.00 |
| Trent Mrs C | 12.00 |
| Vagg Ms C | 120.00 |
| Warner Mr G & Mrs R | 212.50 |
| West A & D | 15.00 |
| TOTAL | 1,056.50 |
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Greenwich Mencap
Trustees’ Report
For the year ended 31 March 2024
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.
I would particularly like to thank Jane for her nine years of dedication both as trustee, chair and vice chair. Her support and commitment has been outstanding and we thank her.
It is with deep sadness but also with profound gratitude that we remember both Elsie Hughes and Michael Macky. Though they are no longer with us, their legacy lives on in the countless lives they touched with kindness, wisdom, and warmth. They both worked tirelessly to improve the lives of individuals with a learning disability and for that we thank and remember them.
Approved by the Board of Trustees on 6 December 2024 and signed on its behalf by:
Anthony Pearlgood Chair of Trustees
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Independent Auditors’ Report to the members of Greenwich Mencap
For the year ended 31 March 2024
Opinion
We have audited the financial statements of Greenwich Mencap (the ‘Charity’) for the year ended 31 March 2024 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:
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give a true and fair view of the state of the Charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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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:
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the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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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:
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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
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the trustees’ report (incorporating the strategic report and the directors’ report) have been prepared in accordance with applicable legal requirements.
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Independent Auditors’ Report to the members of Greenwich Mencap
For the year ended 31 March 2024
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:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;
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the financial statements are not in agreement with the accounting records and returns;
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we have not obtained all the information and explanations necessary for the purposes of our audit;
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the trustees 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.
Audtitor’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, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
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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;
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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;
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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 charities commission regulation;
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
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Independent Auditors’ Report to the members of Greenwich Mencap
For the year ended 31 March 2024
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:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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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:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 1 were indicative of potential bias; and
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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:
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agreeing financial statement disclosures to underlying supporting documentation and;
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enquiring of management as to actual and potential litigation and claims.
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Review of meeting minutes
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Enquiring as to any correspondence with Charities Commission
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: 9 December 2024
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Greenwich Mencap
Statement of Financial Activities (Incorporating Income and Expenditure account)
For the year ended 31 March 2024
| 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 gains on investments NET INCOME/(EXPENDITURE) Transfers between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Balance at 1 April 2023 Balance at 31 March 2024 |
Unrestricted funds Restricted funds Total 2024 Total 2023 £ £ £ £ 27,469 140,409 167,878 117,037 - - - - 381,905 - 381,905 399,480 5,104 - 5,104 5,551 |
|---|---|
| 414,478 140,409 554,887 522,068 |
|
| - - - - 444,109 176,524 620,632 557,047 |
|
| 444,109 176,524 620,632 557,047 |
|
| 55,514 - 55,514 - |
|
| 25,883 (36,115) (10,232) (34,979) |
|
| (11,576) 11,576 - - |
|
| 14,307 (24,539) (10,232) (34,979) |
|
| 1,103,340 35,845 1,139,185 1,174,164 |
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| 1,117,647 11,306 1,128,953 1,139,185 |
|
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.
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Greenwich Mencap
Balance Sheet at 31 March 2024
| Notes FIXED ASSETS Investments 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 |
£ £ £ £ 655,514 600,000 20,648 11,524 676,162 611,524 75,970 74,672 438,388 483,981 514,358 558,653 (61,567) (30,992) 452,791 527,661 1,128,953 1,139,185 11,306 35,845 1,117,647 1,103,340 1,128,953 1,139,185 2024 2023 |
|---|---|
| 514,358 (61,567) |
|
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 6 December 2024 and signed on their behalf by
A Pearlgood Company Number: 02408836 (England & Wales)
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Greenwich Mencap
Statement of Cash Flows
For the year ended 31 March 2024
----- Start of picture text -----
2024 2023
Notes Funds Funds
£ £
Cash flows from operating activities:
Net cash provided by (used in) operating activities 22 (22,100) (58,607)
Cash flows from investing activities:
Proceeds from sale of property plant and equipment 500 -
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Purchase of property plant and equipment (23,994)
Purchase of fixed asset investments - (600,000)
Net cash provided by (used in) investing activities (23,494) (600,000)
Change in cash and cash equivalents in the reporting period (45,594) (658,607)
Cash and cash equivalents at the beginning of the reporting perio 23 483,981 1,142,588
- -
Change in cash and cash equivalents due to exchange rate movements
Cash and cash equivalents at the end of the reporting period 23 438,388 483,981
----- End of picture text -----
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Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
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.
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 2024 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 2024 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).
- (b) 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 |
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(c) Investments are made as part of a portfolio held with an external investment company. The valuation of the portfolio is remeasured at fair value at the balance sheet date with any profit or loss being recognised in the statement of financial activity.
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(d) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT, which cannot be recovered.
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Costs of generating funds relates to the costs incurred by the charitable company in raising funds for charitable work.
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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.
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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.
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Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
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(e) 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.
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(f) 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.
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(g) Funds held by the charity are defined as:
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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.
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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.
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(h) 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.
-
(i) Rentals payable under operating leases are charged to the statement of financial activities on a straight-line basis over the lease term.
-
(j) 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.
-
(k) Going concern - there are no material uncertainties about the charity’s ability to continue.
-
(l) Fixed asset investments are measured at fair value, with changes in fair value recognised through the statement of financial activities.
2. Net outgoing resources
| This is stated after charging: | 2024 | 2023 |
|---|---|---|
| Depreciation | 6,882 | 3,841 |
| Auditors’ remuneration | 6,480 | 5,880 |
16
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
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.
4. Pension commitments
The following payments were made to the company pension schemes in the year:
| 2024 | 2023 | |
|---|---|---|
| Defined Benefit Scheme | 1,942 | 1,007 |
| Auto-enrolment Scheme (Defined Contribution) 12,783 | 15,451 |
At 31 March 2024 £18,804 (2023 £9,402) was payable to the fund. The defined benefit scheme is a multiemployer 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 | ||
|---|---|---|
| Staff costs for the year were as follows: Wages and salaries Redundancy costs National insurance costs Pension costs |
2024 446,311 11,831 34,740 16,289 509,171 |
2023 403,833 - 29,163 21,790 |
454,786 |
The average number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Direct staff | 28 | 26 |
No employee was paid a salary greater than £60,000.
17
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
7 Voluntary Income
| 7 Voluntary Income | ||||
|---|---|---|---|---|
| **Unrestricted ** | Restricted | |||
| Funds | **Funds ** | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | |
| Donations and gifts | 2,470 | - | 2,470 | 14,217 |
| Legacies | - | - | - | 3,347 |
| Grants received and spot funding | 24,999 | 140,409 | 165,408 | 99,473 |
| Total | 27,469 | 140,409 | 167,878 | 117,037 |
| Grants Received and Spot Funding | ||||
| Royal Borough of Greenwich | - | - | - | 18,000 |
| Royal Borough of Greenwich - Connecting Communiti | - | 50,000 | 50,000 | - |
| Royal Borough of Greenwich - Medical Emergency | - | 24,909 | 24,909 | - |
| Metro Centre - Lets Sort It Out * | - | - | - | 40,500 |
| Big Lottery Fund - Greenlights | - | - | - | 40,973 |
| Community Engagement Programme | - |
30,000 | 30,000 | - |
| Unity Works | - | 35,500 | 35,500 | - |
| NHS Greenwich | 24,999 | - | 24,999 | - |
| 24,999 | 140,409 | 165,408 | 99,473 | |
| 7.2 Activities for Generating Funds | ||||
| Incoming resources from charitable activities | ||||
| Service fees | 125,159 | - | 125,159 | 133,725 |
| Placement fees | 254,058 | - | 254,058 | 253,287 |
| Gateway Club | 2,109 | - | 2,109 | 1,187 |
| Other income | 20 | - | 20 | 4,636 |
| Riverwood Sales | 560 | - | 560 | 6,645 |
| Total | 381,905 | - | 381,905 | 399,480 |
| Total Income | 409,374 | 140,409 | 549,783 | 516,517 |
*In partnership with Royal Borough of Greenwich
18
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
----- Start of picture text -----
Donations,
gifts & Grants Other Placement Service
8 Income by activity legacies received Fundraising income fees Sales fees Total
Community Engagement Programme - 30,000 - - - - - 30,000
Unity Works - 35,500 - - - - - 35,500
Medical Emergency Support - 24,909 - - - - - 24,909
Riverwood 145 - - - 254,058 560 - 254,763
Connecting Communities - 50,000 - - - - - 50,000
Independent Living Services - - - - - - 125,159 125,159
Gateway club - - - 2,109 - - - 2,109
Central services 2,325 24,999 - 20 - - - 27,344
2,470 165,408 - 2,129 254,058 560 125,159 549,783
----- End of picture text -----
----- Start of picture text -----
9 Allocation of Support Costs
Support
Independent Adult Community Medical Unity Connecting Total costs &
Direct costs Living Services Riverwood Engagement Emergency Greenlights Works Communities Projects governance
Bank and Service Charges - - - - - - - - - 163
Cleaning - - 977 - - - - - 977 -
Consultancy 168 - - - - 5,600 - - 5,768 -
Gateway Club - - - - - - - - - 3,811
Groups, Meetings and Socials - - 2 3,557 - 488 3,000 3,028 10,075 -
Insurance and Fees - - - - - - - - - 5,644
Office Expenses 90 - 2,173 - 909 - - - 3,172 11,535
Personnel Function - - - - - - - - - 5,381
Postage - General - - - - - - - 39 39 784
Premises Costs - - 17,607 3,549 - 48 - - 21,204 -
Professional Fees - Audit - - - - - - - - - 6,480
Professional Fees - Membershi - - - - - - - - - 759
Professional Fees - Payroll - - - - - - - - - 2,793
Professional Fees - Payroll - - - - - - - - - 420
Publicity Costs - - 767 - - - - - 767 -
Resources & DBS Checks 209 - 1,621 1,961 - - - - 3,791 -
Salaries and Related Costs 120,094 - 259,228 20,933 22,464 29,956 20,023 33,372 506,071 3,100
Telephone 2,017 - - - - - - 970 2,987 6,350
Training - - 1,170 - - - - - 1,170 1,494
Travel - - 1,421 - - 15 - 91 1,527 -
Depreciation 10 - 6,162 - - 7 - - 6,179 703
Loss on disposal - - 7,488 - - - - - 7,488 -
Support costs allocated on the basis of fund size
0% 0% 48% 0% 3% 0% 0% 25% 100% 100%
Management Fee - - 22,905 - 1,536 12,477 12,500 49,418 (49,418)
122,588 - 321,521 30,000 24,909 36,115 35,500 50,000 620,633 -
----- End of picture text -----
Support costs are allocated by time spent by central staff and management.
| 10 Investments Fair value At 1 April 2023 Disposals Revaluations Fair value adjustment At 31 March 2024 |
Investments £ 600,000 - - 55,514 |
|---|---|
| 655,514 | |
19
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
----- Start of picture text -----
Office Motor Website
11 Tangible Fixed Assets Equipment Vehicles Costs Total
£ £ £ £
Cost
At 1 April 2023 31,755 21,660 5,414 58,829
Additions - 23,994 - 23,994
- -
Disposals (14,200) (14,200)
At 31 March 2024 31,755 31,454 5,414 68,623
Depreciation
At 1 April 2023 29,582 13,273 4,450 47,305
Depreciation charge 543 6,098 241 6,882
- -
Disposal adjustment (6,213) (6,213)
At 31 March 2024 30,125 13,159 4,691 47,975
Net book values
31 March 2024 1,630 18,295 723 20,648
31 March 2023 2,173 8,387 964 11,524
12 Debtors 2024 2023
£ £
Trade debtors 66,726 63,258
Other debtors 9,244 11,414
75,970 74,672
13 Creditors 2024 2023
£ £
Trade creditors 24,156 1,807
Other creditors 31,892 23,665
Accruals and deferred income 5,520 5,520
61,567 30,992
----- End of picture text -----
| 14 Analysis of net assets between funds Restricted funds Unrestricted funds |
Fixed assets Net Current assets Total £ £ £ 513 35,332 35,845 675,647 417,461 1,093,108 |
|---|---|
| 676,161 452,792 1,128,953 |
20
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
15 Statement of funds
| Restricted funds Royal Borough of Greenwich - Childrens services Royal Borough of Greenwich - Transition Worker Royal Borough of Greenwich - Connecting Communities Royal Borough of Greenwich - Medical Emergency Community Engagement Programme Unity Works Big Lottery Fund - Greenlights |
Balance B/fwd Incoming resources Outgoing resources Transfers Gains or Losses Balance C/fwd £ £ £ £ £ £ 24,539 - - (24,539) - - 11,306 - - - - 11,306 - 50,000 (50,000) - - - - 24,909 (24,909) - - - - 30,000 (30,000) - - - - 35,500 (35,500) - - - - - (36,115) 36,115 - - 35,845 140,409 (176,524) 11,576 - 11,306 |
|---|---|
| Designated funds Independent Living Service - Service fees Riverwood - Service fees, placement fees and sales Oxleas - Workforce Development Investment portfolio |
- 125,159 (122,588) (2,571) - - 211,162 254,618 (321,521) - - 144,259 - - - - - - - - - 600,000 55,514 655,514 |
| 211,162 379,777 444,109 - 597,429 55,514 799,773 |
|
| Unrestricted funds | 892,178 34,701 - (609,005) - 317,874 |
| Total funds | 1,139,185 554,887 (620,633) - 55,514 1,128,953 |
16 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.
17 Transfers
Funds have been transferred from the RBG Children’s Services fund to the deficit (£36,115) on Greenlights. The RBG fund was for the provision of children services, which is the same principle of Greenlights. The remaining deficit on Big Lottery Fund – Greenlights has been supplemented by a transfer from unrestricted funds.
An additional designated fund has been opened, with a transfer from unrestricted funds of £600,000. This fund is the funds generated from the investment portfolio opened using the funds received from the legacy income in 2022.
21
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
18 Related parties
The following transactions occurred with known related parties during the financial year:
-
A Pearlgood [Trustee] - £142 reimbursement of payment of a gift for T Looker’s 20 year anniversary of working at Greenwich Mencap
-
T Looker [Management] - £150 donation to Greenwich Mencap
-
T Looker [Management] - £140 reimbursement of travel expenses & office 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 deficit on Greenlights has been funded from general reserves & old restricted reserves held for the same purpose. Overall unrestricted reserves show a surplus of £1,117,647 (2023 – £1,103,340). This is made up of free reserves of £317,874 and designated reserves of £799,773.
22
Greenwich Mencap
Notes to the financial statements
Year ended 31 March 2024
22 Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Net (expenditure)/income for the reporting period Adjustments for: Depreciation charges (Gains) on investments Dividends, interest and rents from investments Loss on the sale of fixed assets (Increase) in debtors Increase in creditors Net cash provided by (used in) operating activities 23 Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents |
2024 2023 £ £ (15,338) (40,530) 6,882 3,841 (55,514) - 5,104 5,551 7,488 - (1,298) (28,450) 30,576 981 (22,100) (58,607) 2024 2023 £ £ 438,388 483,981 438,388 483,981 |
|---|---|
23