MID-NORFOLK MENCAP
Financial health, per its FY2025 accounts
The accounts state that free reserves stood at £693,220, which is above the trustees' stated policy target of three months' running costs. The charity reports adequate resources to continue operating for the foreseeable future, supported by unrestricted reserves and planned property disposal proceeds, despite a strategic decision to close its residential service.
What the accounts disclose
“The trustees consider that a minimum level of 3 months running costs is appropriate as a baseline reserve for the charity.” — page 12
“In the current and prior year, children of certain trustees attended activities or were residents at Merle Boddy House. Payments for these services were at the same rates as for other attendees.” — page 42
“The daughter and step-daughter of R Grout and P Grout (both trustees) is employed by the charity, at the same pay scales used for other employees. The total amount of remuneration for 2024/25 was £20,215.” — page 42
“In the current and prior year, children of certain trustees attended activities or were residents at Merle Boddy House. Payments for these services were at the same rates as for other attendees.” — page 42
“The daughter and step-daughter of R Grout and P Grout (both trustees) is employed by the charity, at the same pay scales used for other employees. The total amount of remuneration for 2024/25 was £20,215.” — page 42
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Merle Boddy House: Inadequate
Register events
- Received assets from another charity (08/07/2025)
Trustees
- Christopher Brown
- Lawrence Thrussell
- Lloyd Johnson
- Margaret Burnside
- Ross Chambers
- Sarah Taylor
- Toby Kheng
- Valeria Savarese Monk
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.3m |
| 31/03/2024 | £993k | £843k |
| 31/03/2023 | £894k | £833k |
| 31/03/2022 | £833k | £749k |
| 31/03/2021 | £785k | £774k |
Common questions
Is MID-NORFOLK MENCAP financially healthy?
The accounts state that free reserves stood at £693,220, which is above the trustees' stated policy target of three months' running costs. The charity reports adequate resources to continue operating for the foreseeable future, supported by unrestricted reserves and planned property disposal proceeds, despite a strategic decision to close its residential service. Its FY2025 accounts were audited by Larking Gowen LLP.