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 2025
Greenwich Mencap Charity Information For the year ended 31 March 2025 Management Committee A Pearlgood - Chair Director of Service Registered Office Auditors Bankers Company Number Charity Number S Hutton - appointed 6 December 2024 M Lehane - appointed 1 February 2025 A Balestrini - appointed 22 July 2025 J Lawson - resigned on 6 December 2024 C Swift - resigned on 6 December 2024 T Looker Greenwich Mencap Woolwich Common Enterprise Centre Peace Street London SE18 4HX Simpson Wreford LLP Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ 02408836 (England & Wales) 802103
Greenwich Mencap Annual Report and Accounts For the year ended 31 March 2025 1-8. 9-11. 12. 13. 14. 15-23. Contents Trustees' report Independent auditors' report Accounts comprising; Statement of financial activities Balance sheet Statement of cash flows Notes to the accounts
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 The trustees are pleased to present their annual directors' report together with the financial statements of the arity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directo port and accounts for Companies Act purpose Constitution The company is a charitable company (charity number 802103) limited by guarantee (company number and activities section of this trustees' report. The registered office which is the principal 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 decision- making 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.
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 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. 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 2025 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 2024/25, the Senior Management Team (SLT) consisted of the CEO (Terri Looker), Independent Support Manager (Sally Ettridge), Finance Manager (James Thorpe), Arts and Crafts Lead (Samuel Kenny), Riverwood Lead (Marie Masher), and Greenlights Manager (Aquila Davis). 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 surplus for the year is £16,133. 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 £60,000. Total free unrestricted reserves totalled £354,247, excluding Riverwood (£112,059), and a legacy received currently held as investments (£674,664), both of which have their own designated funds. Of these unrestricted funds, £15,486 is held as fixed assets, leaving £338,761 as accessible free reserves. 3
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 While there are no formal restrictions on the legacy the Letter of Wishes with it stated that it was for the long- term 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 witl he SMT to ensure performance to budget targets. These are then presented to the Director of Services an trustees for further scrutiny. Trustees The trustees, who are also directors of the company, who served during the year, were; Anthony Pearlgood (Chair) Jonathan Sellars (Treasurer) J Lawson - resigned on 6 December 2024 C Swift-resigned on 6 December 2024 S Hutton - appointed 6 December 2024 M. Lehane - appointed 1 February 2025 A Balestrini - appointed 22 July 2025 L Smyth T Smyth 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 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 • LLW annual increases 4
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 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 1 the Royal Borough of Greenwich that have similar objectives, and with our other stakeholders. It pride self on having the communication skills and flexibility to produce the best outcomes for our members an service users. 15-11•25 Approved by the Board of Trustees on .. .... and signed on its behalf by: ateaufo Anthony Pearlgood Chair of Trustees
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 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 forthem. 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 6
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 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 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 2024/25 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 £15,000 from The Garfield Weston Foundation and £44,796 from City Bridge for the Greenlights project. For the Life Skills Centre we were awarded £5,000 from Screwfix, £5,000 from The Drapers Company (SWBF), £20,000 from The Baily Thomas Charitable Fund, £750 from Kaye Charitable Trust, and £12,500 from RBG Healthier Community Fund. RBG 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:
Greenwich Mencap Trustees' Report For the year ended 31 March 2025 NAME Allen Mrs Denise Atkins Ms J B.J Purdie Badger Mrs R Biggs Mr Adam Dixon Mr Matthew Ferguson Miss Donna King Mrs M Laukkanen L Lloyd Mr & Mrs M Thomson Mehmet Mrs Janet Nicholls Mrs Margaret Prentice Mrs Susan Russo Mr Alfred Shanks Ms Jennifer Stables Ms Alison Vagg Ms C Vizena Mrs Bernadette Warner Mr G & Mrs R West A & D TOTAL TOTAL 10.00 20.00 25.80 70.00 10.00 5.00 5.00 12.00 20.00 20.00 15.00 60.00 60.00 80.00 10.00 100.00 10.00 70.00 5.00 112.50 15.00 735.30 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 an service Users. We aim to do this by introducing an incentive-based membership, new services to reach a wide 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 Approved by the Board of Trustees on!!. - 1! - Zand signed on its behalf by: Apealog Anthony Pearlgood Chair of Trustees 8
Independent Auditors' Report to the members of Greenwich Mencap For the year ended 31 March 2025 Opinion We have audited the financial statements of Greenwich Mencap (the 'Charity') for the year ended 31 March 2025 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 2025 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 financia year for which the financial statements are prepared is consistent with the financial statements; anc • 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 2025 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 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 smal 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. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. 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 charities commission 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 2025 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. • Review of meeting minutes • 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 Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body, for our audit work, for this report. or for the opinions we have formed. Georgina Fox ACA (Statutory Auditor) for and on behalf of Simpson Wreford LLP, Statutory Auditor Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS Dated: /9:11.2025 11
INCOME FROM: Greenwich Mencap Statement of Financial Activities for the year to 31 March 2025 Notes Unrestricted funds Restricted funds € Total 2025 Total 2024 Donations and legacies Charitable activities Investment income TOTAL EXPENDITURE ON: Raising funds Charitable activities Other TOTAL 7 7 25,874 438,474 5,794 470,142 220,205 220,205 246,079 167,878 438,474 381,905 5,794 5,104 690,347 554,887 Net gains on investments NET INCOME/(EXPENDITURE) Transfers between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Balance at 1 April 2024 Balance at 31 March 2025 476,492 476,492 19,150 12,800 - 12,800 1,117,647 1,130,447 216,872 216,872 - 3,333 3,333 11,306 14,639 693,364 620,532 693,364 620,632 19,150 55,514 16,133 (10,232) - 16,133 (10,232) 1,128,953 1,139,185 1,145,087 1,128,953 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 2025 Notes 10 11 2025 2024 FIXED ASSETS Investments Tangible fixed assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS OF THE CHARITY Restricted funds Unrestricted funds TOTAL CHARITY FUNDS 674,664 15,486 690,150 655,514 20,648 676,162 12 13 107,169 393,813 500,982 (46,046) 75,970 438,388 514,358 (61,567) 15 15 454,936 1,145,086 14,639 1,130,447 1,145,086 452,791 1,128,953 11,306 1,117,647 1,128,953 The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to nall companies and constitute the annual accounts required by the Companies Act 2006 and in accordance with th inancial Reporting Standard in the UK and Republic of Ireland (FRS 102 The financial statements on pages 12 10 23 were approved by the Trustees on! 5 - |1-2nd signed on their behalf by A Pearigood seagoof Company Number: 02408856 (England & Wales) 13
Greenwich Mencap Statement of Cash Flows For the year ended 31 March 2025 Notes 2025 Funds Cash flows from operating activities: Net cash provided by (used in) operating activities Cash flows from investing activities: Proceeds from sale of property plant and equipment Purchase of property plant and equipment 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 Change in cash and cash equivalents due to exchange rate movements Cash and cash equivalents at the end of the reporting period 22 (44,576) 23 23 (44,576) 438,388 393,813 14 2024 Funds (22,100) 500 (23,994) (23,494) (45,594) 483,981 438,388
Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 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 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 f. The effects of events relating to the year ended 31 March 2025 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 2025 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 (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. (d) 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 2025 (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. (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. (g) 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. (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. (ji) 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 (k) Going concern - there are no material uncertainties about the charity's ability to continue. (1) Fixed asset investments are measured at fair value, with changes in fair value récognised through the statement of financial activities. 2. Net outgoing resources This is stated after charging: Depreciation Auditors' remuneration 2025 5,162 6,720 2024 6,882 6,480 16
Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 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: 2025 2024 efined Benefit Schem 1,236 1,942 uto-enrolment Scheme (Defined Contributior 27,217 12,783 At 31 March 2025, £20,930 (2024: £18,804) 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 Redundancy costs National insurance costs Pension costs 2025 488,167 40,296 20,796 549,259 2024 446,311 11,831 34,740 16,289 502,171 The average number of employees during the year was as follows: 2025 Direct staff 22 The number of employees whose annual remuneration was more than £60,000 is as follows 2025 Number 2024 28 2024 Number £60,001 to £70,000 17
• 7 Voluntary Income Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 Unrestricted Restricted Funds Funds € 2,624 23,250 25,874 - 220,205 220,205 Donations and gifts Grants received and spot funding Total Grants Received and Spot Funding Royal Borough of Greenwich - Connecting Communities Royal Borough of Greenwich - Medical Emergency City Bridge - Greenlights Weston Garfield - Greenlights Community Engagement Programme Unity Works The Bailey Thomas Charitable Fund NHS Greenwich Groundwork London Screwfix direct The Drappers Company The Kaye Charitable Trust 50,000 24,909 15,000 44,796 30,000 35,500 20,000 : 12,500 5,000 5,000 750 23,250 220,205 7.2 Activities for Generating Funds Incoming resources from charitable activities Service fees Placement fees Gateway Club Other income Riverwood Sales Total Total Income 152,874 266,990 3,786 12,723 2,101 438,474 464,348 220,205 18 Total 2025 Total 2024 2,624 243,455 246,079 2,470 165,408 167,878 50,000 24,909 15,000 44,796 30,000 35,500 20,000 12.500 5,000 5,000 750 243,455 50,000 24,909 30,000 35,500 - 24,999 : 165,408 152,874 266,990 3,786 12,723 2,101 438,474 684,553 125,159 254,058 2,109 20 560 381,905 549,783
Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 Donations, gifts & legacies 8 Income by activity Community Engagement Programme Unity Works Medical Emergency Support Riverwood Connecting Communities Independent Living Services Greenlights Gateway club Central services Grants received Fundraising 30,000 35,500 24,909 50,000 59,796 Other Placement income fees 12,723 266,990 2.624 2,624 3,786 43,250 243,455 16,509 266,990 9 Allocation of Support Costs Independent Living Direct costs Bank and Service Charges Cleaning Consultancy Gateway Club Groups, Meetings and Socials Insurance and Fees Life Skills Expenses Office Expenses Personnel Function Postage - General Premises Costs Professional Fees - Audit Professional Fees - Members Professional Fees - Payroll Publicity Costs Resources & DBS Checks Salaries and Related Costs Telephone Training Travel Depreciation Engagement Emergency Greenlights 828 1,000 9,800 - 120 1,149 9,459 10,879 4,254 3,806 : 844 10,469 1,820 239 967 17,747 3,354 86 179,856 2,385 477 1,954 231,461 4,528 270 2,686 4,621 3,368 4,514 1,304 2,120 45,885 71 - 11 6 22,257 Support costs allocated on the basis of fund size Management Fee Support costs are allocated by time spent by central staff and management. 10 Investments Fair value At 1 April 2024 Fair value adjustment At 31 March 2025 Sales Service fees 2,101 152,874 2,101 152,874 Total 30,000 35,500 24,909 281,813 50,000 152,874 59,796 3,786 45,874 684.553 Connecting Communities Projects govemance 828 10,800 3,870 2,978 70 36 6,903 9,459 21,348 8,377 967 36 21,187 14,172 5.640 557 - 6,720 673 2,537 36,445 902 - 54 477 5,322 521,721 7,887 270 4,872 4,634 27,538 5,875 - 528 Listed Investments 655,514 19,150 674,664 19
11 Tangible Fixed Assets Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Depreciation charge At 31 March 2025 Net book values 31 March 2025 31 March 2024 12 Debtors Trade debtors Other debtors Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 Office Equipment € 31,755 31,755 30,125 407 30,532 1,223 1,630 Motor Vehicles € 31,454 31,454 13,159 4,574 17,733 13,721 18,295 2025 • € 97,463 9,706 107,169 Website Costs 5,414 5,414 4,691 181 4,872 542 723 13 Creditors Trade creditors Other creditors Accruals and deferred income 2025 4,264 36,262 5,520 46,046 Total 68,623 68,623 47,975 5,162 53,137 15,486 20,648 2024 66,726 9,244 75,970 2024 24,156 31,892 5,520 61,567 14 Analysis of net assets between funds Restricted funds Unrestricted funds Fixed assets 385 689,765 690,150 Net current assets 14,254 440,683 454,937 Total 14,639 1,130,447 1,145,086 20
Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 15 Statement of funds Balance B/fwd € Incoming resources € Outgoing resources Transfers Gains or Losses Balance Cid Restricted funds Royal Borough of Greenwich - Transition Worker Royal Borough of Greenwich - Connecting Communitic Loyal Borough of Greenwich - Medical Emergenc Community Engagement Programme City Bridge - Greenlights Garfield Weston Foundation - Greenlight The Bailey Thomas Charitable Fund 11,306 - : 11,306 Designated fund ndependent Living Service - Service fees Riverwood - Service fees, placement fees and sales Investment portfolio Unrestricted funds Total funds 144,259 655,514 799.773 317.874 1,128.953 50,000 24,909 30,000 35,500 44,796 15,000 20,000 220.205 152,874 269,091 421,965 48.177 690.347 11,306 (50,000) (24,909) (30,000) (35,500) (44,796) (11,667) (20,000) (216,872) (163,397 301,291 1464688) (11,805) (693.364) ... . : 19.150 19,150 19,150 3,333 14,639 (10,523) 112,059 674,664 776.201 354.247 1.145.086 16 Restricted Funds Transition Worker A Transition Worker supports young people with additional needs as they move from childhood into adulthood, ensuring their journey between children's and adult services is smooth, coordinated, and person centred. They work closely with the young person, their family, and professionals across education, health and social care to create a clear plan that reflects the young person's aspirations, strengths, and support needs. Greenlights Provides behaviour support and intervention for children with learning disabilities and additional challenging behaviour. 17 Transfers No fund transfers have been made during the year. 18 Related parties The following transactions occurred with known related parties during the financial year: • S Hutton [Trustee] - £1,572 of fees relating to their time spent organising fundraising activities •T Looker [Management] - £324 donations to Greenwich Mencap • T Looker [Management] - f92 reimbursement of travel expenses & office expenses There were no outstanding balances with any known related parties at the year end. 21
• Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 19 Other professional services provided by the auditors 1 common with many other charities of our size and nature we use our auditors to prepare and submit retur the tax authorities and assist with the preparation of the financial statemen 20 Limited liability The Trustees of the company guarantee to contribute an amount not exceeding fl 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 unrestricted fund held for the same purpose. Overall unrestricted reserves show a surplus of £1,130,446 (2024 - £1,117,647). This is made up of free reserves of £302,855 and designated reserves of £827,591. 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 2025 10,339 5,162 (19,150) 5,794 - (31,199) (15,522) (44,576) 2024 (15,338) 6,882 (55,514) 5,104 7,488 (1,298) 30,576 (22,100) 23 Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 2025 393,813 393,813 2024 438,388 438,388 22
Greenwich Mencap Notes to the financial statements Year ended 31 March 2025 • 24 Operating lease commitments At 31 March 2025 the charity had outstanding commitments for future lease payments under non-cancellable operating leases 2025 Operating leases which expire: Within one year Between two and five years 9,691 12,402 22,093 2024 23